70 likes | 308 Views
Responsible investment & its place in development: Challenges for the Irish National Pensions Reserve Fund. Trocaire Development Review Trinity college 11 th November 09 Mark Cumming. Background. Reality for Trócaire’s Partners & Communities State pension fund in spotlight.
E N D
Responsible investment & its place in development: Challenges for the Irish National Pensions Reserve Fund Trocaire Development Review Trinity college 11th November 09 Mark Cumming
Background • Reality for Trócaire’s Partners & Communities • State pension fund in spotlight Sunday Tribune: Revealed: our € 1/2 bn pension funds invested in Zimbabwe Source - FoE
The case for Responsible Investment • Global context • UN John Ruggie & State duty to protect • Pressure for ethics Consumers Business case
The NPRF • History of dealing with ethics • UNPRI • Hermes & active ownership • Gaps
Norway Pension Fund • Norway Fund • Principles • Mechanisms • Operational strategies • Record on divestment
Applicability to Ireland • Universality of principles • Risk – return profile • Capacity to influence • An independent council