Fiscal Policy
Dail Éireann — 2026-02-10
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Simon Harris (FG), Wicklow

I have a specific legal role and responsibility. The NTMA, and the ISIF in particular, has complete independence in implementing its investment strategy under the NTMA Act and I am respectful of that. However, I did recently meet with officials from the NTMA and I was assured that ISIF will continue to monitor its holdings. It does not comment on individual investments but I have outlined the views that I know are shared in this House.
I will make two points to the Deputy on this. The first is that it is my understanding that ISIF exposure to companies involved in specified activities in the occupied Palestinian territories, as listed on the UN database, account for about 0.16% of its global portfolio. The fund has taken a number of decisions already to divest. The second point, and this is just a statement of the obvious, is that we are operating in a world where these are such large, global companies that have vast presences across the world. They may have a very small presence in a territory that we believe is absolutely illegally occupied but they are massive, global companies and that is a complicating factor.
The independence of the NTMA and the ISIF has to be respected. I met with them recently and conveyed my views in relation to this. It represents only 0.16% of its global portfolio.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-02-10/debate/main
Retrieved: 2026-08-14T04:54:36+00:00
Sitting date: 2026-02-10