Dáil Éireann Debate, Wednesday - 18 June 2025
51. Deputy Sinéad Gibney asked the Minister for Finance if his Department will direct the Ireland strategic investment fund to disperse its current holdings in Israeli sovereign debt; and if he will make a statement on the matter. [33156/25]
Amharc ar fhreagraThe Ireland Strategic Investment Fund (ISIF) holds a variety of Sovereign Bonds and details of all ISIF’s holdings as at 31 December 2023 are available in the most recent NTMA Annual Report.
ISIF’s holdings are classified by country (in line with industry standard) as per the Annual Report.
ISIF’s holdings of Israeli sovereign debt as per the 2023 Annual Report total €2.62 million as part of its global portfolio. The ISIF holds these bonds as part of a passive, global fixed income portfolio.
ISIF constructs its portfolio within the legislative framework set for it by the Oireachtas and aligns it with any legislative changes the Oireachtas makes. ISIF has, to date, completed several divestment programmes and excluded investments from the Fund. In this context ISIF operates an exclusion policy which is consistent with its statutory mandate, as amended from time to time. Exclusion is used on a limited basis, reflecting exclusions mandated by legislation including the Fossil Fuel Divestment Act 2018 and the Cluster Munitions and Anti-Personnel Mines Act 2008.
There are also exclusions carried out by ISIF on sustainable investment grounds using ISIF’s Exclusion Decision Making Framework.
