Treasury wants socially responsible investment of reserves

Review undertaken to ensure funds are managed ethically

The Island's Treasury wants to ensure its investments are ethical.

The Isle of Man Government has reviewed the way reserves are managed over the last year, with an increased focus on socially responsible investing.

The principles of environment, social and corporate governance are being applied to the £1.6bn fund, which increased by 4.2% in the last financial year.

Environmental factors such as the use of resources, climate change and pollution are being taken into account by the five investment management companies which look after the reserves.