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Report

31 Jan 2017

Author:
Danwatch

Report "Europe’s Largest Pension Funds Heavily Invested in Illegal Israeli Settlements"

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Europe’s five largest pension funds have €7.5 billion invested in companies with business activities in and around illegal settlements in the occupied Palestinian territories. This is at odds with United Nations guidelines, clear warnings from 18 European countries, and undermines the two-state solution, experts warn. European investors have billions of euro invested in companies with activities in and around illegal Israeli settlements, according to a new investigation from Danwatch that screened the investment portfolios of Europe’s top five pension fund managers. Statens pensjonsfond utland (Oljefondet) (NO), Stichting Pensioenfonds ABP (NE), Pensioenfonds Zorg en Welzijn (NE), Arbejdsmarkedets Tillægspension (DK), and Alecta Pensionsförsäkring (SE) have a total of €7.5 billion invested in 36 Israeli and international publicly-traded companies, most of which have long been under public scrutiny because of their activities in the occupied Palestinian territories...