Norwegian Sovereign Wealth Fund to Review Investments in Israel-Linked Companies

The Norwegian sovereign wealth fund, known for being one of the largest investment structures worldwide, has recently announced a review of its investment policy in Israeli and international companies due to the ongoing conflict in Gaza Strip. The fund is concerned about potential 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 allows investing in defense enterprises, it has exceptions for those associated with nuclear weapons.

At the end of 2023, the fund owned shares in 76 Israeli companies. However, 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 Johnson

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