The National Treasury Management Fund must immediately clarify whether it remains invested in companies operating in the West Bank, according to Social Democrats finance spokesperson Cian O’Callaghan.
Deputy O’Callaghan said:
“It is utterly unacceptable that the Ireland Strategic Investment Fund remained invested last year in five companies named in the latest UN Human Rights Office database of firms involved in illegal Israeli settlements in the occupied Palestinian territory.
“The National Treasury Management Agency, which manages the fund, must now clarify whether the fund remains invested in these five companies – the details they have provided only account for the period up until the end of 2025.
“€6.74 million of taxpayer funds is invested in AirBnB, Booking Holdings, Motorola, Heidelberg Materials and Altice – these companies are illegally operating in occupied Palestinian territories while Israel commits genocide.
“The ISIF divested from six companies on the UN Human Rights Office database in 2024, in addition to Israeli bonds last summer. We must now see divestment from the remaining five companies with immediate effect.
“It’s clear that there continues to be concerns about the NTMA and its practices around the management of the ISIF and breaches of international law, particularly in the West Bank. Its past willingness to invest in Israeli bonds which were quite clearly powering Benjamin Netanyahu’s ethnic cleansing of the Palestinian people raises serious questions.
“I’m calling on the NTMA to immediately clarify whether or not it has divested from these five companies since the turn of the year, and, if it has not, if it will immediately do so in accordance with international law.”
June 18th, 2026