Oireachtas Joint and Select Committees
Tuesday, 22 July 2025
Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Engagement with the NTMA on Matters Relating to its Operation
2:00 am
Mr. Nick Ashmore:
That is in terms of risk-adjusted returns. If we feel a company is at risk of underperforming as an investment because it is conducting activities that could be sanctioned or that could lead to a material underperformance of the investment, we will choose to exclude or will come up with an exclusion decision. In the case of the remaining companies on the list, they are all multinational companies with, in some cases, almost infinitesimal exposure to those activities. The risk pertaining to those investments as a result of the companies' activities in the occupied territories is very low. The database was formulated and was updated once. It has not been updated since. As a result, we also get situations where some of those companies are claiming they should no longer be on the list.
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