Dáil Éireann Debate, Tuesday - 4 April 2017
161. Deputy Pearse Doherty asked the Minister for Finance the extent of the NTMA or other State bodies' investments in the defence industry; the nature of this investment; and if he will make a statement on the matter. [16043/17]
Amharc ar fhreagraThe NTMA has informed me that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in the aerospace and defence sub-industry as at 31 December 2016 is approximately €10.5 million. The aerospace & defence sub-industry is the lowest level of sector breakdown available under the Global Classification and the Bloomberg Industry Classification System Standards and includes aircraft manufacturers. Whilst these companies may have a limited exposure to the armaments and defence industry, this level of detail is not available.
The specific exclusions from the ISIF are those that are mandated by legislation, specifically the Cluster Munitions and Anti-Personnel Mines Act 2008. A listing of the 19 companies excluded on this basis is available at http://isif.ie/how-we-invest/responsible-investment/cluster-munitions/.
