• Sat. May 25th, 2024

Norwegian Sovereign Wealth Fund Reviews 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 worldwide, has announced a review of its investment policy in Israeli and international companies due to the ongoing conflict in the Gaza Strip. The fund is concerned about possible 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.

At the end of 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 important 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 newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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