KLP Pension, Norway’s largest private pension fund managing around $114 billion, has excluded Oshkosh Corp. and ThyssenKrupp AG from its investment portfolio due to their sales of weapons to the Israeli military implicated in the Gaza conflict. Citing a UN report that named companies providing arms used in the region, KLP deemed these firms non-compliant with its investment guidelines. This strategic withdrawal aligns with broader human rights movements urging divestment from Israeli-linked corporations as the Gaza situation continues to escalate with high casualties reported among Palestinians.
KLP Pension has excluded defense companies Oshkosh Corp. and ThyssenKrupp AG from investments due to their ties with the Israeli military and Gaza conflict.
The decision by KLP follows a UN report identifying suppliers of weapons to the Israeli military deployed in Gaza, which the fund views as a guideline violation.
Kiran Aziz, head of responsible investments, stated, 'We have therefore decided to exclude them from our investment universe,' underscoring their commitment to ethical guidelines.
This exclusion aligns with human rights campaigns urging financial institutions to divest from companies connected to Israel's military operations.
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