Danish pension fund excludes four companies for role in Israeli occupation

A major Danish pension fund has excluded four companies for their ties to Israeli settlements in, and the extraction of natural resources from, the occupied Palestinian territory (oPt).
 
Sampension, a DKK290 billion ($43.5 billion) Danish labour market pension fund, made the announcement in a press release last week, stating that two Israeli banks, Hapoalim and Leumi, as well as Heidelberg Cement and Israeli telecommunications company Bezeq, are now excluded. All four companies have been excluded for violating Sampension’s new guidelines for investments in occupied territories, and specifically, “due to the financing of settlements, and the extraction of natural resources and establishment of infrastructure for telecommunication on occupied territory”.
 
The Danish pension fund is in dialogue with six more international companies, who are being examined over possible involvement in activities in the West Bank.
Read the full report in Middle East Monitor