Armaments Investments

Summary

The requester asked for the Isle of Man Government's investment policy on armaments and specific figures for such investments excluding pension funds. The Treasury confirmed there is no specific armaments policy and stated that no direct or indirect investments in armaments exist within the relevant funds.

Key Facts

• The Isle of Man Government does not have a specific policy on investment in armaments.
• Investment managers must consider the social, environmental, and ethical conduct of companies.
• The Treasury has no direct or indirect investments in armaments pertaining to pension funds or government reserve investments.
• The request was received on 8 November 2019 and responded to on 12 November 2019.
• The response was issued by the Treasury under reference number 1037461.

Data Disclosed

• 2019-11-08
• 2019-11-12
• 1037461
• FOI Act 2015
• IM1 3PU

Original Request

Hi, Under the FOI Act 2015, I am requesting information on the Governments Investment policy on armaments if one exists and also the figures for government investment in Armaments not pertaining to Pension funds or government reserve investments.

Data Tables (1)

Full Response Text

Freedom of Information Seyrsnys Fysseree

The Treasury Government Office, Douglas Isle of Man, IM1 3PU

Telephone: (01624) 685605 Email: FOI.Treasury@gov.im

Government Website: www.gov.im

Our ref: 1037461 12 November 2019

Dear ###

Thank you for your email which was received on 8 November 2019 which states:

"Under the FOI Act 2015, I am requesting information on the Governments Investment policy on armaments if one exists and also the figures for government investment in Armaments not pertaining to Pension funds or government reserve investments."

In relation to the first part of your request, I can confirm that the Isle of Man Government does not currently have a specific policy on investment in armaments. The current generic investment policy which the appointed discretionary investment managers adhere to is as follows: In furtherance of the Treasury’s investment objectives the Treasury’s investment managers are required to ensure that decisions on whether to buy, sell or retain investments take into account the reputation and standing of each company in the market place including their social, environmental and ethical conduct. As regards the second segment of your request, I can advise that Treasury has no direct or indirect investments in armaments which pertain to pension funds or government reserve investments. Please quote the reference number 1037461 in any future communications.

Your right to request a review

If you are unhappy with this response to your freedom of information request, you may ask us to carry out an internal review of the response, by completing a complaint form and submitting it electronically or by delivery/post.

An electronic version of our complaint form can be found by going to our website at https://services.gov.im/freedom-of-information/Review . If you would like a paper version of our complaint form to be sent to you by post, please contact me and I will be happy to arrange for this. Your review request should explain why you are

dissatisfied with this response, and should be made as soon as practicable. We will respond as soon as the review has been concluded.

If you are not satisfied with the result of the review, you then have the right to appeal to the Information Commissioner for a decision on; 1. Whether we have responded to your request for information in accordance with Part 2 of the Freedom of Information Act 2015; or 2. Whether we are justified in refusing to give you the information requested.
In response to an application for review, the Information Commissioner may, at any time, attempt to resolve a matter by negotiation, conciliation, mediation or another form of alternative dispute resolution and will have regard to any outcome of this in making any subsequent decision. More detailed information on your right to a review can be found on the Information Commissioner’s website at www.inforights.im. Should you have any queries concerning this letter, please do not hesitate to contact me. Further information about freedom of information requests can be found at www.gov.im/foi.

I will now close your request as of this date.

Yours sincerely