Ms Deborah Meghen:

There is zero tolerance in respect of that matter. When we introduced the law, it applied to direct and indirect investment, and Ireland was at the forefront. Cluster and anti-personnel munition exclusions are now standard across many investment managers and, consequently, such investments are removed from many of the passive indices. When we first introduced the law, it was not the standard and doing that was challenging, but there is zero tolerance now.

Regarding the Fossil Fuel Divestment Act 2018, we examine the matter on an ongoing basis and update our lists. The exclusion lists are available on our website. This is about ensuring that we comply with the legislation. There are ongoing updates, which can be checked on our website at any time.