Provide additional information relevant to your organisation`s monitoring processes of external managers.
Treasury, in conjunction with a professional index vendor, has developed and implemented bespoke customised ESG listed share indices. These indices utilise business activity screens, ESG score screens, ESG incident screens and a screen for breaches of global norms. Fund managers must only invest in companies in the custom ESG indices which is the allowable investment universe for the ACT Government. The investment holdings of the listed share investment managers are monitored by Treasury's master custodian against the custom ESG indices through weekly random and monthly compliance monitoring.