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21 May 2024

Ground News, with a summary by RÚV,
International Hayat Haber

Storebrand divests from IBM for alleged misalignment with the investor's human rights policy

"A Norwegian investment fund sells its stake in IBM for activities in landlocked settlements" 21 May 2024

Norwegian insurance company Storebrand has sold all its shares in US technology giant IBM. Storebrand cited IBM’s activities in illegal Israeli settlements in Palestine as the reason for the sale. The company said in a statement that it closely monitors the companies it invests in and whether they align with Storebrand’s values, adding the company had tried to talk to IBM about the issue but had not received a response. Storebrand is Norway’s second-largest asset management company.