Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

The website will clearly state where the investments are made. We do not want to lose the point here. This is not State funding or State money. This is the money of the members and they have a right to know where it is going. For that reason, we are going to make sure that NAERSA produces data on the types of investment held by the investment management providers. It will ensure that NAERSA will be required to publish the data and report on where the funds of participants are invested on their behalf. The amendment will facilitate transparency about the types of funds that NAERSA will invest participants' money in. This should help to ensure that the money invested by NAERSA accords with the principles for investing as set out in Part 4 of the Bill, including those related to the environmental, social and governance, or ESG, obligations provided for there. As I said, the website that will be part of this will give greater detail on that. I think that will probably clarify the matter.

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