An incident occurred at a mining company held in the portfolio. The same day as the news broke the portfolio manager contacted us to alert us about the event, provide us with their understanding of events and how it affects the investment case, the remedial actions taken including speaking directly to company management. We also spoke directly to company management separately. The fund manager's approach to ESG integration is to attempt to identify, assess, and price all relevant ESG risks and document this in their equity notes for discussion with the portfolio construction team. We found that the event risk had been captured and modelled in the investment thesis for the company, and were satisfied that the manager had followed their investment process. We reviewed the manager's response to the issue at the time and subsequently during quarterly performance review.