Norway’s Government Pension Fund Global, the world’s largest sovereign wealth vehicle with roughly $2 trillion under management, said it has decided to divest from six Israeli companies after an ethics review found the firms had activities or ties in the occupied West Bank and Gaza. The fund did not name the companies but said the exclusions follow internal guidelines that prohibit investment in businesses deemed to contribute to serious violations of international law. The stakes will be sold before the fund publishes detailed reasoning for each decision once the disposals are complete. As of 14 August, the fund held positions in 38 Israeli-listed companies valued at about 190 billion Norwegian kroner ($18.6 billion), down from 61 at the end of June. Norges Bank Investment Management, which runs the portfolio, added that it will reassess Israeli holdings every three months and has already terminated all external mandates focused on Israel.
Norway’s $2 trillion sovereign wealth fund will divest from six more Israeli companies in its latest move to address the public uproar over its investments linked to the war in Gaza https://t.co/lJaSIN9BZx
رويترز عن صندوق الثروة السيادي النرويجي: سنجري تقييما للشركات الإسرائيلية كل 3 أشهر https://t.co/zb8IqCftYT
ノルウェーSWF、ガザ関連でさらに6社投資除外 https://t.co/DawqDoa0hX https://t.co/DawqDoa0hX