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Results for: pension fund

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Europe’s five largest pension funds have €7.5 billion invested in companies with business activities in and around illegal settlements in the occupied Palestinian territories. This is at odds with United Nations guidelines, clear warnings from 18 European countries, and undermines the two-state solution, experts warn.

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Norway’s finance ministry has excluded Shikun & Binui from the Government Pension Fund Global (GPFG), the largest pension fund in Europe, over its construction of illegal Israeli colonies in East Jerusalem. Analysts have described the company as Israel’s largest real estate business.

The Norwegian government has previously divested from Israeli military company Elbit, as well as Africa Israel Investments and Danya Cebus, two other

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Israeli Company is Excluded from Norwegian Pension Fund
Photo : Justin McIntosh | Norway had deplored the Israeli Government’s decision to build 851 new housing units in settlements in the West Bank last week.

The decision to exclude the company follows an exclusion recommendation from the Council on Ethics to the GPFG.

June 16, 2012
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The Ethical Council of the four Swedish AP buffer pension funds (AP1, AP2, AP3 and AP4) is calling on US communications giant Motorola Solutions to pull out of the Israeli-occupied territories in the West Bank.

April 27, 2011
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