Matt Carthy (Cavan-Monaghan, Sinn Fein)
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600. To ask the Minister for Finance further to Parliamentary Question No. 58 of 9 April 2025, if ISIF risk profile and investment parameters include any consideration as to whether a company derives profit from their economic activity in territories illegally occupied under international law; and if he will make a statement on the matter. [20415/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I take it that the Deputy is referring to companies included in the UN Human Rights Council Database of companies referenced in UN Human Rights Council Resolution 31/36, produced by the UN Human Rights Council on 12 February 2020.

ISIF has taken an investment decision to divest from six companies, all of which are on the UN Database, with a total value at the time of the divestment decision of approximately €2.95m. The six companies are Bank Hapoalim BM; Bank Leumi-le Israel BM; Israel Discount Bank Ltd; Mizrahi Tefahot Bank Ltd; First International Bank Ltd and Rami Levi Chain Stores Ltd.

ISIF will continue to monitor its holdings to ensure that investments are within the ISIF’s risk profile and investment parameters.

Given commercial sensitivities in respect of its investments, ISIF does not comment on investment decisions.