A spokesperson for the RCN declined to say which corporations had been in its portfolio when contacted by POLITICO. The group mentioned it was “dedicated to social accountability” and pressured that it didn’t spend money on weapons manufacturing or any “ethically unacceptable practices.”
‘True moral funding’
The Nurses for Palestine and NGO Company Watch report attracts on a United Nations investigation into what its human rights council calls Israel’s “Economic system of Genocide” to establish corporations that activists say hyperlink fund managers to Israel’s occupation of the Palestinian Territories.
The Worldwide Court docket of Justice is at the moment contemplating allegations of genocide in opposition to Israel, whereas an unbiased U.N. inquiry discovered Israel was committing genocide in opposition to the Palestinians. Israel has adamantly rejected these allegations and argued it upholds its obligations below worldwide regulation.
The businesses named within the UN report embrace U.S. tech companies that present Israel with cloud and synthetic intelligence know-how. These are among the many most generally held shares on this planet and are mainstays within the portfolios provided by well-liked fund managers, which regularly observe the efficiency of the inventory market.
A Palantir spokesperson instructed POLITICO the corporate rejected its inclusion within the U.N. report and referred to earlier statements clarifying its partnership with the Israeli navy.
The report — which follows two open letters whose signatories embrace 100 RCN members — doesn’t current proof that the union immediately holds shares in corporations extra immediately concerned within the arms commerce. However it argues that “true moral funding” ought to look past buyers’ personal portfolios and at their fund managers’ “wider practices.”
