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Friday, November 22, 2024  
19 Jumada Al-Awwal 1446  

Norway’s sovereign fund evaluates divestment from companies involved in Gaza conflict

Fund leaders announce a review of investments to align with international humanitarian standards
Photo via AFP
Photo via AFP

Norway’s sovereign wealth fund is contemplating the divestment of shares in companies that are believed to be contributing to the ongoing conflict in Gaza.

This decision comes in response to concerns over the humanitarian impact of the situation.

The fund’s leadership has stated that it is reviewing its investments to ensure ethical alignment with international humanitarian standards.

If companies are found to be involved in actions that support military operations or contribute to the suffering of civilians in Gaza, the fund may choose to sever its financial ties.

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This potential move reflects a growing trend among investors who are increasingly prioritizing ethical considerations in their portfolios. As the situation in Gaza continues to escalate, the fund’s actions could set a precedent for other investment entities looking to reassess their involvement in conflict-related sectors.

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