On 26 August 2008, a group...attended a meeting at the offices of SNS Asset Management...to urge the bank -- a full subsidiary of SNS Bank...to withdraw its investments in the...Veolia Corporation because of Veolia's direct and indirect involvement in Israel's violations of international law in occupied East Jerusalem. Our group was concerned over Veolia's involvement in the City Pass consortium to construct a light rail line on occupied and annexed...land...Israel has...committed serious and direct breaches of international humanitarian law by substantially altering the nature of the occupied territory in a way that does not benefit the local...population. The light rail project is part and parcel of this...Veolia has claimed...that the light rail would be "accessible to both Jews and Arabs." However, the Jewish-only settlements...where the light rail is being built are effectively off-limits for Palestinians...Accordingly, ASN Bank, also part of the holdings of SNS Bank, decided in 2006 to exclude Veolia Corporation...At the August meeting, SNS Bank acknowledged that it had concerns with Veolia's activities...However, SNS Bank insisted that according to its own assessment, Veolia's involvement with the light rail project did not amount to "direct serious violations" of human rights...SNS Asset Management decided to continue in a "trajectory of engagement,"...[with] Veolia...