Automatic Enrolment Retirement Savings System Act 2024 section 75

Contractual provision on environmental and other matters

Section 75 requires investment management contracts to incorporate environmental, social and governance (ESG) considerations into risk management, reporting and investment decision-making.

• Investment management providers must integrate ESG risk factors into their risk management systems.
• An assessment of ESG risks must be carried out at least every three years, with a report submitted to the Authority.
• Providers must prepare and periodically update a statement explaining how ESG considerations influence their investment decisions, available on request to the Authority or any participant.
• Contracts must require regard to Ireland's obligations under international environmental sustainability and climate change agreements.