AMP Capital seeks to appoint well-established third-party operators that demonstrate appropriate knowledge and best practice across a broad range of ESG issues. Their credentials are assessed in the pre-investment phase and closely monitored by AMP Capital to mitigate risk to equity investor interests.
A range of governance and workplace issues can have a significant impact on the safe and efficient operation of an asset. These include corporate affairs and transparency, environmental compliance, workforce dynamics, employment conditions, work health and safety (WH&S) and subcontractor management. Accordingly, we closely monitor both governance issues and contractual arrangements as lead indicators of asset performance. AMP Capital's active management approach includes:
• Standardised monthly reporting to the Board on each infrastructure asset, providing greater consistency, transparency and governance over ESG issues
• Quarterly reviews with service providers, government counter-parties and other relevant stakeholders to ensure early identification of issues
• Annual 'stakeholder workshops' to reinforce a successful partnering model, clear accountabilities and strong working relationships between project counter-parties, and
• Annual verification of service provider accreditations (e.g. ISO14000) to assure robust governance and risk management processes.