Dáil Éireann Debate, Tuesday - 23 January 2024
205. Deputy Thomas Pringle asked the Minister for Finance what measures his Department has implemented and is in the process of implementing to ensure that sections 12 and 13 of the Cluster Munitions and Anti-Personnel Mines Act 2008 are being complied with; and if he will make a statement on the matter. [2519/24]
View answerThe NTMA has informed me that the Cluster Munitions and Antipersonnel Mines Act 2008 is legislation that effectively translated the Convention on Cluster Munitions and anti-personnel mines into Irish Law. Ireland was the first country to require divestment by law, however, this is now an industry standard. The Act prohibits the investment of “public moneys” into a company that manufactures prohibited munitions or component parts, through both direct and indirect investment as defined in the Act. The fund operates a zero-tolerance policy in respect of exposure across all mandates and regularly screens its investments through its service provider ISS ESG. The current Cluster Munitions exclusion list is published on the ISIF Website. (isif.ie/uploads/publications/Cluster-Munitionsdec23.pdf ).
