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Spotlight on Investors: Ireland Strategic Investment Fund
22-Apr-2019 11:40:41 AM
Founded in 2014, the Ireland Strategic Investment Fund (ISIF) is a Sovereign Wealth Fund managed by the National Treasury Management Agency. As a long-term investor in Ireland, the fund has a duty to actively contribute to the sustainability of the Irish economy for future generations by providing capital to scale companies. As of December 31st, 2018, the Ireland Strategic Investment Fund had € 8.8 billion of assets under management.
The ISIF believes that organizations that manage ESG factors effectively are more likely to endure and create sustainable value over the long term than those that do not. As such, it integrates these factors throughout the investment decision making including the voting process. As of 2018, following the Fossil Fuel Divestment Act, the ISIF is prohibited from directly investing in any company generating 20% or more of its turnover from the exploration, extraction or refinement of fossil fuel. Additionally, the ISIF screens out companies involved in the manufacture of cluster munitions and anti-personnel mines.
