Oireachtas Joint and Select Committees
Wednesday, 8 May 2024
Select Committee on Social Protection
Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage
Seán Sherlock (Cork East, Labour) | Oireachtas source
I move amendment No. 13:
In page 51, line 15, after “subsection (3)” to insert “ and at least one ethical and environmental fund”.
I note the comments made by the Minister about people being able to decide into which pot they want to put their moneys. The kernel of that is that this is the people's money, not the State's money, so choice should be given to the workers who invest in these pots, particularly in these times as a significant proportion of people will want to make ethical investments in respect of their future pension pots. I think that is a statement we could all stand over. On that basis, in these environmental, social and governance, ESG, conscious times, where people do not want to make investments, as has been said by Deputy Ó Cathasaigh, in munitions or in companies or entities which are extractive by nature and where there is the potential to damage the climate and the environment, then that choice should be given to those workers.
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