247. Deputy Eoin Ó Broin asked the Tánaiste and Minister for Finance the number of companies listed on the United Nations database of business enterprises operating in the occupied Palestinian territory in which the State holds shares; the names of any such companies; and if he will make a statement on the matter. [51048/26]

I take it the Deputy is referring to the UN Human Rights Council database (the UN Database) identifying businesses involved in specific activities which was first issued in 2020, updated in June 2023 and most recently updated in September 2025.

A list of all ISIF investments at the end of 2025 is available in the NTMA Annual Report for 2025 which was recently published.

ISIF has, to date, completed several divestment programmes and excluded investments from the Fund. Exclusion is used on a limited basis, reflecting exclusions mandated by legislation including the Fossil Fuel Divestment Act 2018 and the Cluster Munitions and Anti-Personnel Mines Act 2008 and exclusions on sustainable investment grounds including tobacco, nuclear weapons and certain companies on the UN Database.

ISIF has taken an investment decision to divest from six companies, all of which remain on the updated 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.

The NTMA also divested from directly held Sovereign bond holdings within the Global Portfolio across Egypt, Israel, and Jordan in July 2025.

It is important to say that ISIF has complete independence in implementing its investment strategy under the NTMA Acts through an investment committee that reports to the NTMA's board.

Legislation underpinning ISIF, reflects a commitment to be a responsible investor as steward of public assets by protecting and enhancing both the long-term value of the ISIF and the reputation of NTMA in how it delivers its mandate, as manager and controller of the ISIF.

The type of companies on the UN database where ISIF still has holdings are ones that operate all over the world and that ISIF's investment in them represents a very small proportion of its overall investments.

Divestment from these companies does not mean that they would stop deriving income from activities in the OPT.

ISIF’s exposure to the UN Database List of 158 enterprises both direct and indirect as of year-end 2025 are as follows: Airbnb INC, Altice International, Booking holdings, Heidelberg Materials and Motorola Solutions.