Dáil Éireann Debate, Tuesday - 24 February 2026
358. Deputy Roderic O'Gorman asked the Tánaiste and Minister for Finance if he will provide details on whether the NTMA holds any investments in security/weapons manufacturers companies (details supplied), highlighting the current amounts held and when purchases were made; and if he will make a statement on the matter. [13995/26]
Amharc ar fhreagraThe National Treasury Management Agency (NTMA) has informed me that the Ireland Strategic Investment Fund's (ISIF) portfolio is constructed within the legislative framework set for it by the Oireachtas.
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.
ISIF publishes details of individual investments in the NTMA’s Annual Report each year. As per the most recent annual report, for year-end December 2024, ISIF held no investments in Elbit, Indra, Lockheed Martin, Raytheon/RTX or Northrop Grumman.
The first year in which ISIF had holdings in Palantir Technologies was 2023 as reported for year-end December 2024, ISIF’s holdings in Palantir Technologies were 13,060 shares, valued at €950,000.
