Netherlands’ Top Pension Fund Dumps Caterpillar Over Gaza Demolitions – Citizen Watch Report

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.



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