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Article

15 Nov 2013

Author:
Abraham Greenhouse, Electronic Intifada

Pension giant TIAA-CREF drops Veolia from Social Choice fund (Israel & Palestine)

[Business & Human Rights Resource Centre invited Veolia Environment to respond. Veolia Environment said that it does not comment on any investor’s decision to either buy or sell the company’s stock] Although TIAA-CREF still holds Veolia stock in other funds, the removal of Veolia from the Social Choice fund, which screens investments based on ethical criteria, is seen as a milestone due to the company’s deep involvement in sustaining the Israeli occupation...The decision by TIAA-CREF, the largest fund of its kind, may inspire a ripple effect among other funds.

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