ISIF set to pump €200m into green investment fund

The Ireland Strategic Investment Fund (ISIF) will inject up to €200m into a climate portfolio that aims to reduce greenhouse gases and help achieve net-zero carbon emissions by 2050.

ISIF, a State-owned body that operates under the auspices of the National Treasury Management Agency (NTMA), has previously said that its aim is to invest €1bn in climate action projects over the next five years.

It’s now seeking a firm to manage and devise an investment strategy for the €200m climate fund, which will primarily invest in stock market-listed companies.

“Given the systemic risk that climate change brings, all allocations in the Global Portfolio, where possible, will seek to reduce greenhouse gases emissions,” the NTMA has said in a document inviting firms to tender to manage the fund.

Source: www.independent.ie

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