Danish Companies Warned about Settlement Investments

A new report from the investigative journalism team at DanWatch gives more disturbing evidence of Danish businesses helping to keep the wheels of Israel’s military occupation of Palestine turning.

Danish investment funds invest 689 million Danish Krone (around £67 million) in companies with activities in illegal Israeli settlements on the West Bank, it claims. These funds, therefore, contribute to the maintenance of the apparatus of the Israeli occupation, including the Separation (“Apartheid”) Wall and the settlements.

In addition, say DanWatch, more than 1 billion krone is invested by Danish pension funds in companies either building or operating military checkpoints, the Wall or settlements. Such investments have been exposed in a previous DanWatch report. See, for example. Businesses such as G4S and ISS have reduced their activities in the occupied territories following global publicity about their support for the occupation, but have no plans to end it altogether. Investment in companies profiting from the occupation is illegal under Danish law.

The investment funds named by DanWatch are: Danske Invest, Nykredit Invest, Bank Invest, Nordea Invest, Sydinvest, Jyske Invest, Sparinvest and SEB Invest, all of which are subject to the UN’s Guiding Principles on Business and Human Rights. Indeed, the UN, EU and the Danish government have warned companies repeatedly against investing in the Israeli occupation. The settlements, Separation Wall and checkpoints in the West Bank breach international law as they violate the human rights of the Palestinian people.

– Read more: Danish Companies Warned about Settlement Investments -Henriette Johansen, Middle East Monitor

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