Netherlands’ Top Pension Fund Dumps Caterpillar Over Gaza Demolitions

by

https://thecradle.co/articles/dutch-pension-fund-dumps-caterpillar-over-gaza-demolitions

The Netherlands’ largest pension fund, ABP, announced on 1 October that it had divested from US manufacturer Caterpillar, citing concerns over the use of its equipment by Israeli forces in Gaza.

ABP, which manages investments on behalf of three million government and education employees, confirmed it had sold its stake worth around $454 million as of late March.

“Our investment approach must ensure good returns while being socially responsible,” the fund said in a statement to AFP.

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.