For their involvement in the war of extermination, the Norwegian Pension Fund blacklists companies that supply the occupation army.

For their involvement in the war of extermination, the Norwegian Pension Fund blacklists companies that supply the occupation army.





The fund, one of the world's largest sovereign wealth funds, said in a statement that it had "excluded the American company Oshkosh and the German company ThyssenKrupp from its investment list due to their involvement in supplying Tel Aviv with equipment and weapons that could be used in serious human rights violations in Gaza."

He pointed out that the decision was based on a United Nations report warning that supplying weapons to the Israeli occupation could expose these companies to the risk of complicity in war crimes and systematic violations of international humanitarian law.

The Norwegian fund emphasized that its ethical guidelines prohibit investment in companies involved in arms sales to countries committing systematic violations, calling on international companies to review their business dealings and policies to avoid complicity in these crimes.

This move comes amid mounting international pressure on institutions and companies to hold accountable those involved in supporting the Israeli attacks on Gaza, which have left thousands of victims and drawn widespread condemnation from human rights organizations around the world.

Amnesty International, numerous human rights organizations, and United Nations bodies have provided evidence of the genocide the occupation continues to commit in the Gaza Strip.

Human rights reports confirm that every company operating illegally in the occupied Palestinian territories contributes to the entrenchment of one of the longest and most devastating military occupations in the world, and supports its normalization and continuation.

The Norwegian Government Pension Fund is the world's largest government investment fund, valued at US$1.8 trillion, and is a global leader in environmental, social and governance investing.

As a state-owned financial institution that oversees the management of the fund, the Norwegian Central Bank has a responsibility to respect human rights in accordance with the UN Guiding Principles on Business and Human Rights.

Norway's sovereign wealth fund, the world's largest, has excluded several companies in the past due to their links to Israeli settlements.

The Office of the United Nations High Commissioner for Human Rights has emphasized that the activities of investors, including minority shareholders such as the Norwegian Central Bank, are directly linked to the involvement of investee companies in human rights violations, imposing a responsibility on them to avoid such involvement.

Post a Comment

Previous Post Next Post

Advertisement