Dáil Éireann Debate, Thursday - 18 December 2025
233. Deputy Donnchadh Ó Laoghaire asked the Tánaiste and Minister for Finance if he will report on the NTMA’s investments in a company (details supplied); and if he will make a statement on the matter. [68543/25]
Amharc ar fhreagraThe National Treasury Management Agency (NTMA) has informed me that the Ireland Strategic Investment Fund (ISIF) publishes details of individual investments in their Annual Report.
Under the National Treasury Management Agency (Amendment) Act 2014, the Agency has responsibility for determining, monitoring and keeping under review an investment strategy for the Fund (other than directed investments) in accordance with the investment policy for the Fund.
Following the development of its draft investment strategy and after consultation with Ministers, the NTMA adopted a Sustainability & Responsible Investment Strategy (S&RIS) in 2020 which was updated in 2023 and reflects a commitment to be a responsible investor as steward of public assets by protecting and enhancing both the long-term value of the ISIF.
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 (such as the Fossil Fuel Divestment Act 2018 or the Cluster Munitions and Anti-Personnel Mines Act 2008) and, inter alia, exclusions on a non-statutory basis on sustainable investment grounds including Tobacco and Nuclear Weapons.
The most recent annual report is for the year ended December 2024 and ISIF’s holdings in Palantir Technologies at year end were valued at €950,000.
ISIF does not comment on individual investment decisions given commercial sensitivities.
