Swedish pension funds face scrutiny over settlement-linked investments
Sweden’s public pension funds have invested up to SEK 9 billion in companies linked by the UN to Israeli settlements on occupied Palestinian land, a new investigation reports.
Ekot reports that the holdings are in companies whose activities the UN human-rights office connects to the settlements. The UN says those activities adversely affect Palestinians’ right to self-determination.
Representatives of several AP funds told the broadcaster they had followed their ethical guidelines. The report concerns their investments in companies, rather than establishing that the Swedish funds themselves have been found to break international law.
Jakob König, who leads Fair Finance Guide, criticised the continued use of Swedish pension money for activities he said conflict with international law and Sweden’s position.
The findings form part of a Konflikt investigation into the money behind settlements in the West Bank. The short news report gives an upper estimate for the holdings, without publishing a complete fund-by-fund breakdown.
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