This report shows public data only. Is this your organisation? If so, login here to view your full report.
You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
Approximately 95% of Treasury investment assets are managed by fund managers that are signatories to the PRI. Being a signatory requires continual improvement in responsible investment practices over time.
In selecting and appointing a specialist listed equity index manager as part of the procurement process Treasury required evidence and examples of investment stewardship.
The appointed index manager provided a copy of their Investment Stewardship policy, as well as a copy of their annual Investment Stewardship report which highlighted the manager's principles, company engagement activity and proxy voting history.
Ongoing monitoring of an infrastructure manager and discussion of construction project environmental impact management.
Infrastructure manager provided information and plans in relation to the rehabilitation of 120 hectares of land to offset any construction ecological impacts including expansion of wetlands to support frog habitats and ground parrot populations.
Damage to physical assets from signficant rain fall event
Ongoing monitoring of an infrastructure manager and discussion of assets impacted by floods.
Infrastructure manager provided information and analysis of physical damage from a significant rainfall event. Physical damage to a solar farm was very minimal as the infrastructure had been designed to withstand a 1-in-100 year flood event with only a short disruption to regular maintenance activities due to the amount of standing water.
Adoption of ESG Policy
Ongoing monitoring of a private equity manager to promote and employ ESG practices in portfolio company investments.
General Partner will require each portfolio company to adopt an ESG policy with monitoring by the Board on an ongoing basis.
Property Assets - NABERS Energy and Water Ratings
Ongoing monitoring of a property investment manager and discussion of asset energy and water efficiency.
Property investment manager disclosed the Shopping Centre Fund achieved a weighted average NABERS Energy rating of 4.0 stars and weighted average NABERS Water rating of 3.1 stars. The Fund has met its 2020 NABERS Energy rating target but is still short of the NABERS Water rating target of 3.5 stars (which is targeted to be achieved by Dec 2020).
Ongoing monitoring of property investment manager and discussion of ESG initiatives.
The investment manager detailed paticipation in the NSW EPA funded Bin Trim program which includes creating a tailored action plan for a property asset based on a waste and recycling assessment, with the aim to maximise recycling opportunities and mimise waste to landfill by engaging with tenants.
Climate Risk - Task Force on Climate-Related Financial Disclosures
Ongoing monitoring of the specialist listed equity index manager and discussion of climate risk.
The investment manager has consistently advocated and engaged with companies for climate risk disclosures that align with industry-established reporting frameworks, such as TCFD.