20 May 2021
Norway's sovereign wealth fund, the world's largest, has decided to dump two companies involved in the development of Israeli settlements in the West Bank, citing concerns about potential rights violations.
The fund will divest its holdings in the companies “due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations or war or conflict”, Norway’s central bank said in a statement late Wednesday.
The companies are Shapir Engineering and Industry, a home builder, and Mivne Real Estate, which rents industrial premises in the Palestinian territory occupied by Israel, Norway’s central bank said in a statement late Wednesday.
https://www.thelocal.no/20210520/norway-fund-dumps-firms-linked-to-west-bank-settlements/
https://www.ft.com/content/e555ead6-c856-4e67-a303-b73971f66d19
20 May 2021
Norway's sovereign wealth fund, **the world's largest**, has decided to dump two companies involved in the development of Israeli settlements in the West Bank, citing concerns about potential rights violations.
The fund will divest its holdings in the companies “due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations or war or conflict”, Norway’s central bank said in a statement late Wednesday.
The companies are Shapir Engineering and Industry, a home builder, and Mivne Real Estate, which rents industrial premises in the Palestinian territory occupied by Israel, Norway’s central bank said in a statement late Wednesday.
https://www.thelocal.no/20210520/norway-fund-dumps-firms-linked-to-west-bank-settlements/
https://www.ft.com/content/e555ead6-c856-4e67-a303-b73971f66d19
(post is archived)