Divest from Elbit Systems Ltd.!
Both public and private investors have already divested from Elbit due to its involvement in activities that are contrary to international law. In 2009, the Norwegian Finance Ministry announced
the government of Norway's decision to sell the Norwegian State Pension Fund's shares in Elbit, worth $5.4 million. The Norwegian Finance Minister Kristin Halvorsen stated: "We do not wish to fund companies that so directly contribute to violations of international humanitarian law". Others followed Norway's example: Germany's largest bank, Deutsche Bank, sold its shares
in Elbit. The largest bank in Denmark, Danske Bank, acted similarly
, as did one of the largest Danish pension funds, PKA Ltd
. "We handle clients' interests, and we do not want to put customers' money in companies that violate international standards," said Thomas Kjaergaard, who is responsible for socially responsible investment at Danske Bank.
However, many public and private investors, as well as pension funds, still include large amounts of Elbit's shares in their portfolio. Most prominently, TIAA-CREF, one of the world's largest retirement funds, owns shares worth around $1.7 million. One of the most recent campaigns is thus to end TIAA-CREF's financial involvement in Elbit Systems. You can sign their petition here