Written answers

Wednesday, 10 March 2010

Department of Finance

National Pensions Reserve Fund

11:00 pm

Photo of Jim O'KeeffeJim O'Keeffe (Cork South West, Fine Gael)
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Question 114: To ask the Minister for Finance if, in view of the interdepartmental committee which was set up to consider the issue of an ethical investment policy for the National Pensions Reserve Fund, he will confirm that its work has been completed and its report is now available; and if he will make a statement on the matter. [11442/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I announced, during the debate on the Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 last March, that the preparation of the draft legislation provided an opportunity to consider once again the position regarding ethical investment and that I would establish an Interdepartmental Committee to examine the issues further and to report to me. The Committee includes representatives of the Ministers for the Environment, Heritage and Local Government, Enterprise, Trade and Employment and Foreign Affairs, as well as officials from my Department and representatives of the National Treasury Management Agency as Manager of the NPRF. I understand that the Committee's report, which is now complete, is undergoing final checking and proof reading and I expect it to be presented to me shortly.

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