Pension fund to review ethical investments
The NPRF, set up to finance public sector pensions from 2025 onwards, has invested in some 1,800 companies worldwide. But it has attracted criticism for investing hundreds of millions of taxpayers’ money in ‘defence’ companies as well as oil and tobacco manufacturers.
The decision to invest in individual companies does not rest with the NPRF or the Government, but with the individual fund managers. Their only mandate is to get the best return on the State’s money.
