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

The Deputy's point about the need to tell people what we are doing is relevant to this debate. Much of what he is calling on me and the European Union to do is happening. I have just mentioned what ISIF has done. Only a few weeks ago, the Governor of the Central Bank wrote to all of the CEOs involved in the insurance sector about investment decisions they make, reminding them of the need to be aware of their commitments under Environmental, Social and Governance, ESG, under more sustainable investment decisions. It may not be a clear name for what it is doing, but through its taxonomy proposals, the Commission is looking to have a common way of understanding the impact of investment decisions on the future of our environment and use that to influence and guide more sustainable investment decisions by investment companies. That work is happening. The point I should consider, off the back of Deputy Naughten's question, is to find ways in which we can better communicate this to a country that wants to see this work done.

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