Norway’s largest pension fund, KLP, has said that they will no longer do business with two companies selling equipment in the Israeli army as these equipment is being used in the war in Gaza.
Two companies are Oshkosh Corporation, the United States focusing mainly on trucks and military vehicles, and the German industrial company, Thessenrup, makes a wide selection of products from lifts and industrial systems to warships.
“On June 224, KBP received a report from the UN that many reputed companies (Israeli troops) supply weapons or equipment and these weapons are being used in Gaza,” Kilan Aziz, a responsible investment in KPALForwingling, said Al Jazir’s statement said.
“Our conclusion is that Oshkosh and Thessener Cup are violating our responsible investment guidelines,” the statement said.
“That is why we have decided to exclude them from the world of our investment.”
According to the pension fund, an investment of $ 8m in Oshkosh and about 1 m in Thaisyncrop by June 2025.
KL and the largest pension fund in the country, established in 1949 in, monitor the funds of about $ 2 billion. It is a public pension fund owned by public sector municipalities and businesses and has a pension scheme, which has about 000, 5,3 people, mainly municipal workers.
Vehicles and warships
KLP said the two companies were contacted before the decision, and Oshkosh confirmed that the equipment used by Ghaza (Israeli army) has been sold and continued to sell.
Thessencroppe told KLP, “It has a long -term relationship” and he gave four warships to the Israeli Navy from November 1 to May.
The German company also said that the Israeli Navy plans to give a submarine to the Israeli Navy later this year.
When asked by the KLP, what checks and balance were given after the companies used the equipment distributed, KLP said that both Oshkosh and Thessancrop failed to take the right work in relation to the possible complexity of the violation of humanitarian law.
“It is an independent duty to work for companies to avoid complications of basic human rights and human rights and humanitarian law,” Aziz said.
Previous partition
The pension fund did not do this for the first time from companies associated with possible violations of human rights.
In 2021, KLP Divided by 16 companiesWith the telecom demon Motorola, it concluded that he was associated with the illegal Israeli colonies in the West Bank occupied.
The pension fund has said, “There is a dangerous risk that excluded companies are contributing to the abuse of human rights.
In the same year, KLP also said that due to the relations between Myanmar’s military government, they are leaving the Indian port and logistics group Adani port.
Last summer, KLP Also deveted From the US Firm Caterpillar. In a piece of al -Jazira, Aziz of KLP wrote that Katerpillar’s bulldozers were adjusted to Israel by military and local companies and then used in the Palestine region occupied.
“Due to the constant use of Bulldoose with these weapons of Palestine, the company has become a series of human rights warning in the last two decades over the company’s participation in the destruction of Palestine’s homes and infrastructure,” he wrote.
“That is why it is impossible to say that the company has implemented adequate measures so as not to join the general violations of the future.”
Europe, which reduces relations with Israeli companies related to Israeli companies in the war with Israeli companies or occupied by the illegal Israeli companies in the western Europe, has led to the latest movements of the same decisions in Europe.
In May, Norway’s universal wealth fund, the largest in the world, They said Because of the Israeli’s Parents and Energy, the company participated in providing infrastructure and fuel to illegal Israeli colonies.
The decision was made to sell all the shares in the Israeli company, Bezake, for the services offered to illegal colonies after December last year.
Other pension funds, as well as wealth funds, have also kept themselves out of companies accusing the West Bank of the West Bank or the Israeli’s illegal business of war on the war.
On February 224, Denmark’s largest pension fund was left out of many Israeli banks and companies because the funds were scared that his investment could be used to finance the settlements in the West Bank.
Six months later, the largest pension fund of the United Kingdom, the University Supernusion Scheme (the USS) said that the war against Gaza will sell all the investments related to Israel. The fund, which is about $ BB billion dollars, said they would sell $ 1 million investment after the pressure of the members.
