Treasury supports the Principles for Responsible Investment through addressing ESG issues in investment policy statements, utilising ESG-related tools, research, analysis, and supporting external ESG service providers, incorporating ESG issues and assessment of ESG risks directly into the investment decision-making process, supporting shareholder resolutions on ESG disclosure, incorporating PRI and ESG requirements in procurement activity and investment management agreements, communicating ESG expectations to investment managers and service providers and increased reporting and disclosure of Treasury's investment policy documents, share investment holdings and proxy voting activity.
Treasury does not participate as a member in other responsible investment associations or groups on behalf of the ACT Government due to being an Australian state government (a body politic) and the governmental arrangements and responsibilities associated with this status. Productive participation by Treasury in ESG associations, organisations or initiatives is not feasible due to very limited internal resources, including both staff and budget resources.
The Responsible Investment policy framework incorporates ongoing ESG research and analysis which addresses agreed and developing international norms and conventions, declarations and principles across a broad range of social, environmental and governance issues.
Treasury considers this approach more effective and appropriate for the ACT's unique circumstances.