Norway’s sovereign wealth fund says it is divesting from six companies with connections to the West Bank and Gaza, following an ethics review of its Israeli investments.
The $2 trillion wealth fund, the world’s largest, does not name the companies it has decided to exclude, but says these would be made public, along with specific reasons for each company, once the divestment is complete.
The announcement follows an urgent review launched this month after reports that the fund had built a stake in an Israeli jet engine group that provides services to Israel’s armed forces, including the maintenance of fighter jets.
The fund’s ethics council watchdog says it will continue to assess Israeli companies every quarter.
Exclusions from the fund are based on recommendations from the fund’s ethics watchdog.
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