The Responsible Investment Policy provides the overarching framework in relation to financial investment activities in the area of responsible investment.
A key element of the ACT Government's annual budget process is the use of performance indicators for the measurement of a Directorate's performance against longer-term strategic objectives, as well as ongoing accountability indicators to measure a Directorate's effectiveness and efficiency in delivering their outputs. Treasury has directly linked a number of annual accountability indicators to our responsible investment activities, including targets for the exercising of our proxy voting rights and nil investment exposure to excluded business activities. The measurement and reporting on the accountability indicators by Directorates is audited annually by the ACT Auditor-General.
These measures can be found in the 2019-20 annual budget papers (https://apps.treasury.act.gov.au/budget/budget-2019-20/home) and the 2018-19 annual financial statements (https://www.cmtedd.act.gov.au/functions/publications/2018-19annualreport).
The status of the progress of the Government's Responsible Investment policy is also an area keenly monitored by the Standing Committee on Public Accounts (a parliamentary committee) with regular questioning and requests for advice during relevant Committee hearings processes.
In addition to these, there is an ongoing review of existing arrangements and emerging responsible investment activities. If considered necessary, steps are taken to review and enhance the Responsible Investment policy.