We request managers to provide specific examples of where companies have been excluded on ESG grounds and where non-specific examples are given we do not view their ESG process as sufficiently strong to invest.
We have recently appointed an Australian equity manager into our broader portfolio who critically assesses the supply chains of Australian companies and excludes gambling stocks.
We appointed an EM Debt manager who uses ESG factors such as gender inequality as a ran input for their models. ESG is ingrained in their process and we see their process as aligned with the values of NGS Super.
We divested from a manager due to their portfolio holding tobacco and replaced this with an equivalent tobacco free portfolio.