Swedish Pension Funds exclude Elbit

The First, Second, Third and Fourth National Pension Fund (AP1, AP2, AP3 and AP4) have decided to exclude the Israeli defense company Elbit Systems from their investments.

The dialogue of the AP funds joint Ethical Council with Elbit Systems has not produced the desired results, according to a press release.

The reason that Elbit Systems, are rejected is that the company delivered a monitoring system to parts of the barrier built on West Bank.

In this way the company, “is connected to the violation of fundamental norms and conventions”, according to Ethics Council,

Despite repeated requests, Elbit Systems has refused to comment on the matter, said Ethics Council.

AP-fonder ratar israeliskt bolag

Fí¶rsta, Andra, Tredje och Fjí¤rde AP-fonderna har beslutat att utesluta det israeliska fí¶rsvarsindustrifí¶retaget Elbit Systems frí¥n sina investeringar.

Den dialog som fondernas gemensamma etikrí¥d har fí¶rt med bolaget har inte lett till í¶nskat resultat, enligt ett pressmeddelande.

Orsaken till att Elbit Systems ratas í¤r att bolaget levererat ett í¶vervakningssystem till delar av den barrií¤r som byggs pí¥ Ví¤stbanken.
Annons:

Dí¤rmed kan bolaget, enligt etikrí¥det, “koppas till krí¤nkningar av grundlí¤ggande konventioner och normer”.

Trots upprepade uppmaningar har Elbit Systems ví¤grat kommentera saken, uppger etikrí¥det.

AP-fonderna utgí¶r en buffert i det svenska pensionssystemet.

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