Norwegian Pension Fund Divests from Companies Selling to Israeli Military
Following reports of potential use of equipment in the war in Gaza, Norway’s largest pension fund, KLP, has decided to exclude Oshkosh Corporation and ThyssenKrupp from its investment portfolio. KLP determined that these companies, which sell equipment to the Israeli military, were in violation of the fund’s responsible investment guidelines. This decision was made after KLP communicated with the companies and found they failed to document adequate due diligence regarding their potential complicity in violations of humanitarian law. This action aligns with a broader trend of divestments by European investment funds from companies linked to the war in Gaza or involvement with illegal Israeli settlements.
John Q. Hosedrinker