Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

ISIF is already doing this on a national level. It has published a list of the nearly 250 fossil fuel companies it does not invest in, much of it for the reason the Deputy has just outlined in that we believe, as a country, it is appropriate we not invest in fuels and technology that can do more harm to the future of our world and national environment. It was one of the first agencies of its kind to make a move of this nature. The Commission has brought forward what it refers to as taxonomy proposals, brought forward by Commissioner McGuinness. It is looking to break down and segment different kinds of investments based on the impact they can have on our environment and, in turn, use this as a way of influencing and guiding the investment decisions made by financial markets. That work is under way and Commissioner McGuinness published proposals on that a few weeks ago.

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