Danish Pension Giant Divests from Motorola over Ties to Israeli Settlements

The Boycott, Divestment and Sanctions Movement calls for boycotting Israel until it ends its occupation of Palestine. (Photo: File)

Danish pension fund giant Sampension has officially excluded Motorola over the latter’s ties to Israel’s illegal settlements in the occupied Palestinian territory.

Sampension, a DKK290 billion ($43.5 billion) Danish labor market pension fund, made the announcement in an update to its exclusion list, stating that Motorola’s provision of products to Israeli settlements is a violation of UN Guiding Principles on Business and Human Rights.

According to ActionAid Denmark (Mellemfolkeligt Samvirke), which welcomed the news, Sampension is withdrawing DKK15 million (some $2.5 million).

Motorola has well documented links to the Israeli military occupation and settlement enterprise, and is widely believed to be one of the companies contacted by the UN Human Rights Office, in the context of the latter’s work to publish a database of settlements-complicit businesses.

The latest development follows on from Sampension’s exclusion last October of four companies – including two Israeli banks and telecommunications company Bezeq – for their ties to Israeli settlements in, and the extraction of natural resources from the occupied territories.

The companies were excluded for violating Sampension’s guidelines for investments in occupied territories, and specifically,

“due to the financing of settlements, and the extraction of natural resources and establishment of infrastructure for telecommunication on occupied territory”.

(MEMO, PC, Social Media)

Know the Truth about Palestine

Dear Reader,
You have carried us through years of honest and accurate coverage and we are confident that you will carry us through the next stage, which promises to be more critical than ever, for Palestine and for all of us.
Make a contribution to support the Palestine Chronicle.
Click HERE to donate using your credit card or PayPal.
Or, click HERE to learn more.

(The Palestine Chronicle is a registered 501(c)3 organization. All donations are tax deductible)

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.