Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

The Future Fund, as Senator Pocock outlined, has an exclusions list under its ESG risk management policy, but investment decisions of the Future Fund are made by the Future Fund Board of Guardians independently from government in accordance with the fund's investment mandate. Under the Future Fund Act 2006, the responsible ministers must not give directions to the Future Fund to invest in a particular financial asset. We are not making any changes to that. Our focus has been on increased transparency and information about the investments the Future Fund has, increased reporting against that ESG framework and now providing three national areas of priority for the Future Fund to consider when they are making their investments, being mindful that no change has been made to the rate of return or risk profile for the Future Fund.