Swedish Pension Funds exclude Elbit
The First, Second, Third and Fourth National Pension Fund (AP1, AP2, AP3 and AP4) have decided to exclude the Israeli defense company Elbit Systems from their investments.
The dialogue of the AP funds joint Ethical Council with Elbit Systems has not produced the desired results, according to a press release.
The reason that Elbit Systems, are rejected is that the company delivered a monitoring system to parts of the barrier built on West Bank.
In this way the company, “is connected to the violation of fundamental norms and conventions”, according to Ethics Council,
Despite repeated requests, Elbit Systems has refused to comment on the matter, said Ethics Council.