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29 Apr 2019

Middle East Monitor

French investment firm AXA partially divests from Israeli Arms Manufacturer Elbit Systems

"France investment firm AXA IM divests from Israel arms manufacturer." April 18th, 2019

The move came after a several-year-long campaign by two NGOs, “SumOfUs” and “Stop Assistance to Israeli Apartheid”, which called on the financial giant to reassess its investments and complicity in the Israeli occupation
AXA’s decision to divest follows in the footsteps of other international corporations, including banking giant HSBC which in December also divested from Elbit Systems. After a long-term campaign which saw over 24,000 people email the bank to express their concern over its investments in Elbit and 40 HSBC branches across the UK picketed monthly, HSBC announced that it would cease its links with the controversial arms manufacturer.