Thomas Pringle (Donegal, Independent)
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202. To ask the Minister for Finance the outcome of the Ireland Strategic Investment Fund measuring of the carbon footprint of its investment portfolio as part of a wider approach to identify, manage and mitigate climate risk across its portfolio as reported in 2019; and if he will make a statement on the matter. [10086/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The NTMA has advised me that ISIF integrates a wide range of Environmental, Social and Governance (ESG) factors into its investment decisions across the whole of the Fund. Climate change is a critical issue for the Fund. It is embedded as one of ISIF’s five priority investment themes. ISIF envisages investing c. €300 to €500m in climate related projects over the coming years to enable and catalyse Ireland’s delivery on its 2030 targets, and the transition to Net Zero before 2050. To date, ISIF has committed over €365m to climate related projects.

Within its portfolio of investmentsISIF is also supporting the transition to a carbon neutral economy by (i) collaborating with the Food and Agriculture sector as it seeks solutions to decarbonise the supply chain (ii) by making its first climate positive investments within its Global Portfolio and (iii) ensuring compliance with the requirements of the Fossil Fuel Divestment Act 2018.

In addition, as part of better understanding Climate Risk, the Fund has been measuring and monitoring a wide range of climate related metrics across both its Global and Irish portfolios for a number of years, including carbon foot printing where data is available.

Thomas Pringle (Donegal, Independent)
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203. To ask the Minister for Finance the number of companies that have applied to access the Ireland Strategic Investment Fund pandemic stabilisation and recovery fund; the number of businesses that applied for assistance; the number that were accepted, declined and appealed, respectively; the value of the assistance provided to date; and if he will make a statement on the matter. [10087/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The NTMA informs me that ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest Report available on the ISIF website at the following link () sets out an overview of the Pandemic Stabilisation Recovery Fund engagements, deployment and pipeline as at 31 December 2020.

ISIF dedicated €2bn of its capital to a Pandemic Stabilisation and Recovery Fund (PSRF) which is focused on investing directly in medium and large Irish businesses impacted by COVID and investing indirectly through fund commitments. PSRF has invested over €400 million nationwide across 20 investments spanning multiple sectors since inception and has a pipeline of €600m across a variety of sectors with concentrations in pandemic affected areas (approximately 6 transactions) such as aviation and tourism/hospitality with the balance of transactions skewing towards recovery investments.