Government monitoring ethical principles of investments

The government says it's 'closely monitoring' any investments to make sure they're in line with ethical principles.

Over the last year, officials have been reviewing how invested reserves are aligned with principles of Environmental, Social and Corporate Governance (ESG), a term related to how investors look at corporate behaviour.

Treasury member, Bill Shimmins MHK, says the performance of investments is 'critical to the future prosperity of the Island' and that 'many factors' are considered when looking at the suitability of an industry or sector.

Five investment management firms are currently employed to look after government reserves which currently total £1.6billion.