Mae Llywodraeth Cymru o'r farn mai amhriodol yw awgrymu y dylai polisi tramor cenedlaethol ddiystyru penderfyniadau moesegol, sy'n seiliedig ar risg, gan awdurdodau pensiwn lleol wrth fuddsoddi. Dylid gwneud penderfyniadau buddsoddi o'r fath fel rhan o ystyriaeth ofalus o'r risgiau a'r gwerthoedd priodol i fuddsoddwyr ac yng nghyd-destun y ddyletswydd ymddiriedol i fuddion eu haelodau, sy'n parhau i fod yn berthnasol.
The Welsh Government believes that the suggestion that national foreign policy should overrule the ethical, and risk-based, decisions of local pensions authorities in making their investments is inappropriate. Such investment decisions should be made as part of a careful consideration of the risks and values appropriate to investors and within the context of the fiduciary duty to their members’ interests which continues to apply.