Dáil Éireann Debate, Wednesday - 28 April 2010
99 Deputy Michael D. Higgins asked the Minister for Finance if he will indicate the recommendations which his Department has made in terms of ethical foreign policy to the interdepartmental committee which has been established to examine responsible investment policy. [13334/10]
View answerI announced, during the debate on the Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 last March, that the preparation of the draft legislation provided an opportunity to consider once again the position regarding ethical investment of the National Pensions Reserve Fund (NPRF) and that I would establish an Interdepartmental Committee to examine the issues further and to report to me.
The Committee includes representatives of the Ministers for the Environment, Heritage and Local Government, Enterprise, Trade and Employment and Foreign Affairs, as well as officials from my Department and representatives of the National Treasury Management Agency as Manager of the NPRF. I understand that the Committee's report is now complete. I will be considering the report while having regard to the role of the NPRF in any measures that may be required to recapitalise the banks, which I announced on 30 March 2010.
