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

To be very clear here, and I have already said this, there are loads of provisions in the Bill to take account of the ESG. The State's obligations with regard to relevant international agreements would include the sustainable finance disclosure regulation, the UN Global Compact and the Paris Agreement, which guide the international community on matters such as carbon emissions and investment in unethical assets. In respect of these moneys, once the employer pays in, the employee pays in and the State tops it up, it becomes the member's money. It is not the State's money; it is the member's money. All of these safeguards are built into the legislation as to how it can be invested. They are all there. I do not want to be misrepresented here.