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KLP excludes 16 companies based on UN report

The exclusions include companies within banking, construction, logistics, infrastructure and telecommunications, all located on the West Bank, and mean a total divestment of EUR 27m.

Kiran Aziz, Senior Analyst, KLP. | Photo: KLP

In a press release sent out on Monday, Norway's largest pension company reported that it is excluding 16 companies based on a report from the UN's High Commission for Human Rights. The report listed companies tied to Israeli settlements on the West Bank.

"Our assessment is that there is an unacceptable risk that the excluded companies contribute to the effects of breaking human rights conventions in war and conflict situations through their ties to Israeli settlements on the occupied West Bank," KLP senior analyst Krian Aziz says in the press statement, adding:

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