Nordic Fund KLP Excludes 16 Companies Over Links To Israeli Settlements in West Bank
Norway's largest pension fund KLP said it would no longer invest in 16 companies including Alstom and Motorola because of their links to Israeli settlements in the occupied West Bank.
A 2020 United Nations report said it had found 112 companies that have operations linked to the West Bank, captured by Israel in a 1967 war and now home to around 450,000 Israelis and 3 million Palestinians.
The companies, which span telecoms, banking, energy and construction, all help facilitate Israel's presence and therefore risk being complicit in breaches of international law, and against KLP's ethical guidelines, it said in a statement.