• Wed. May 22nd, 2024

Norwegian Sovereign Wealth Fund Reviewing Investment Policy Amid Gaza Conflict”

BySamantha Nguyen

Mar 26, 2024
Norwegian Sovereign Wealth Fund to Review Investments in Israel-Linked Companies

The Norwegian sovereign wealth fund, one of the largest investment structures in the world, has announced a review of its investment policy due to ongoing conflict in the Gaza Strip. The fund is concerned about potential violations of its code of ethics and is considering divestment from companies that supply weapons to Israel for use in the Gaza Strip. While the fund is allowed to invest in defense enterprises, it does have exceptions for those associated with nuclear weapons.

In 2023, the fund owned shares in 76 Israeli companies, although it had previously divested from some companies involved in infrastructure projects in the occupied territories. This decision reflects the fund’s commitment to upholding ethical standards in its investments. It is crucial for such a prestigious fund to ensure that its investments align with its values and guidelines.

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By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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