Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty’s Government whether they intend to take action to ensure that British pension funds are not used to support companies that do business with the Israeli settlements in the West Bank.

Investment decisions are the responsibility of the pension scheme trustee. The Investment Regulations require trustees to prepare a Statement of Investment Principles, including the extent to which social, environmental or ethical considerations are taken into account when making investment decisions. The Law Commission in 2014 concluded that trustees should consider long term financially material factors when considering the schemes investment objectives for their members; and where long-term environmental, social or governance (ESG) factors are financially material these should be taken into account.​