Thursday, February 27, 2014

Luxembourg: Pension fund boycotting Israeli companies for settlement activities

The Luxembourg government pension fun, Fonds de compensation (FDC) is boycotting eight Israeli companies and one American company for being involved with settlements/security fence/human rights violations in the State of Palestine.

Altogether, 15% of companies on their exclusion list are committing crimes in Palestine.

The Israeli companies are real estate companies AFI Group and Jerusalem Economy Ltd for "Association to supporting construction of illegal settlements in occupied territories (State of Palestine)" .

Bank Hapoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank, and Mizrahi Tefahot Bank are being boycotted for "association to financing illegal settlements in occupied territories (State of Palestine)" .

Elbit Systems is boycotted for "Association to providing security systems for illegal separation barrier on occupied territories (State of Palestine)".

FDC is also boycotting Motorola Systems for "Association to assisting in human rights violations in occupied territories (State of Palestine)".

More: FDC (PDF document)

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