Question reference: S3W-10098
- Asked by: Roseanna Cunningham, MSP for Perth, Scottish National Party
- Date lodged: 20 February 2008
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Current status: Answered by John Swinney on 5 March 2008
Question
To ask the Scottish Executive what its policy is with regard to ethical investment of government assets.
Answer
The Scottish Government would always wish to ensure that ethical and environmental considerations are taken into account in its decision making. The main types of asset held by the Scottish Government are infrastructure assets or other assets directly related to providing services to the people of Scotland and these can sensibly be regarded as broadly neutral in ethical terms. The concept of ethical investment is most commonly applied to investment in the shares of companies operating in particular fields or with particular business practices and it is worth noting that the pension schemes run by central government are generally managed on a pay as you go basis, which means that issues over ethical investment do not arise.