KLP, Norway's largest pension fund, is withdrawing its investments in Oshkosh and thyssenkrupp for supplying weapons to the Israeli army.
Delia Niculescu
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KLP has decided to pull out of investments in the Oshkosh and Thyssenkrupp groups, accused of supplying weapons to the Israeli army in the context of the Gaza conflict. The fund emphasizes companies' obligation to avoid contributing to human rights violations. The exclusion of these firms from the portfolio is based on criteria related to arms sales to states involved in armed conflicts. The KLP manages €97bn in assets and is under pressure, similar to Norway's sovereign wealth fund, to withdraw from companies associated with actions that contravene international law.
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