Oslo - Saba:
The Norwegian Government Pension Fund, one of the world's largest sovereign wealth funds, on Monday said it has blacklisted several companies that supply the Israeli occupation army. This blacklisting stems from their involvement in supplying weapons used in the ongoing genocide in the Gaza Strip for 21 months.
In a statement reported by Bloomberg, the fund confirmed that it had excluded the American company Oshkosh and the German company ThyssenKrupp from its investment portfolio due to their involvement in supplying the Israeli occupation. With equipment and weapons that could be used in grave human rights violations in Gaza.
The decision was based on a United Nations report warning that supplying weapons to Israel could expose these companies to the risk of complicity in war crimes and systematic violations of international humanitarian law.
The fund explained that its ethical guidelines prohibit investment in companies involved in selling weapons to countries committing systematic violations, noting that it urges international companies to review their dealings and business 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 and numerous human rights organizations and UN bodies have also presented evidence of the genocide that Israel continues to commit in the occupied Gaza Strip.
The reports confirmed that every company operating illegally in the occupied Palestinian territories contributes to the entrenchment of one of the longest and most deadly military occupations in the world, and supports its normalization and continuation.
The Norwegian Government Pension Fund is the world's largest government-owned investment fund, with a value of $1.8 trillion, and is considered a global leader in environmental, social, and governance (ESG) investing.
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