Due to the nature of our investments, our public disclosure is via both the investee companies and via our investment management business.
Our portfolio companies interact directly with the public. Firstly by way of annual reporting. This may include ESG sections of regular annual reports and/or specific ESG reports. Secondly, these businesses also interact with the pubic via specific community forums (usually focused on particularly issues or new projects).
For our investor clients, there is usually full disclosure of a range of ESG performance issues as outlined in other parts of this report. We have regular quarterly reporting, which captures all relevant investment metrics and considerations, including ESG; there is also ad hoc reporting, for example, if there were an ESG issue that warranted disclosure to investors, this would be done as and when required (see Question 23); and lastly, our funds produce an annual ESG Report, which highlights the ESG approach of the Manager, as well asset-specific examples and case studies across the entire portfolio of the relevant fund.
The Manager also produces public disclosure. The highlight of this is the Responsible Investment and Stewardship Report, which covers team profiles, case studies, and ESG metrics. It can be found online: ri.firststateinvestments.com