Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.
A Dutch pension administrator has divested from five Israeli banks over their activity in the Judea and Samaria as a matter of “responsible investment policy” but it retains its investments in Chinese banks operating in Tibet on land widely seen internationally as land occupied by China.
The pension investment company PGGM announced its decision to divest from Bank HaPoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank and Mizrahi Tefahot Bank on Tuesday on its website.
The text cited the banks’ “involvement in financing Israeli settlements in the occupied Palestinian territories. This was a concern, as the settlements in the Palestinian territories are considered illegal under international humanitarian law.”
PGGM had a marginal investment of several dozen millions of dollars in Israeli banks out of billions it invests all over the world, according to the NRC Handelsblad daily. The paper reported PGGM was Holland’s second-largest pension administrator.
In its statement, the company also cited its “responsible investment policy,” which excludes investing in bodies involved in “violations of fundamental human rights and labor rights.”
But according to a document released by the company in 2013, PGGM investments abroad include two Chinese banks – Bank of China and China Construction Bank — with offices and activities in Tibet, which is widely seen internationally as land occupied by China. PGGM also invests in China Petroleum & Chemical Corporation, or Sinopec, which is exploring for oil in Tibet.
PGGM’s international investments also include the Malaysian palm oil producer Sime Darby, which last year paid a million dollars in reparations to villagers in Liberia amid accusations that the firm had violated their human rights and confiscated their property.
PGGM spokesperson Maurice Wilbrink declined to answer JTA’s questions on the scope of his company’s investments in Chinese firms active in Tibet, explaining the figures were confidential.
About the Author:
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
The funeral for Chaye Zisel Braun began at midnight Wednesday night.
Al-Shaloudi was the nephew of the former Hamas chief and bombmaker Mohiyedine Sharif.
Arab media describes Hamas vehicular terrorist attack as ‘Palestinian ‘shot dead’ by Israeli police.’
Hundreds of Jewish leaders from around the world who are part of the Jewish Agency for Israel Board of Governor will convene in Ashkelon, one of Hamas favorite targets for rockets and missiles, next week. The Board had been set to meet in Mexico as part of its annual rotation amongst the world’s Jewish communities, […]
With all due respect to the IDF, since when is drug smuggling not linked to terror?
A demonstration by 10,000 in Isfahan for women’s rights has morphed into a protest against Iran’s regime.
Syria says it bombed the jets as they were landing in Aleppo.
The baby that was injured in the suspected terror attack this evening died in the hospital.
The train company’s video of the event in Jerusalem that left 8 people injured.
Haifa-based Elbit Systems won an $88 million from an unnamed Asian country for various projects, most of them for an F-5 aircraft avionics upgrade program and the supply of electro-optic and communications systems, Elbit announced Wednesday. The F-5 fighter jet has been in operation for more than 40 years four decades, and is used by […]
Wouldn’t be a lot easier if fanatic Haredim would simply charter their own planes?
One dead, 8 injured, 2 seriously when a car (purposely?) drove into a group of people waiting for a train in Jerusalem.
Please see this article for the latest update. Updates as soon as available. UPDATE 4, 6:42 p.m. Israel Time: Official word from Superintendent Micky Rosenfeld, Israel Police Foreign Press Spokesman is that nine people were injured by a vehicle which struck people at the light rail station. The shots people heard were ones fired at the […]
Leslie W., 48, and his partner Akiwa H., 56, are charged with having sold more than 88,000 pounds of non-kosher meat for a marked-up price.
New York State Assemblyman Steven Cymbrowitz criticized the decision to not charge the suspect with a hate crime.
Former White House official Ron Klain has been tapped to coordinate the government’s response to the Ebola outbreak.
Even more shocking is that Jews insist on remaining in France.
Two Penn State students who pleaded guilty to spray-painting anti-Semitic graffiti on a mostly Jewish fraternity house were sentenced to community service and probation. Eric Hyland, 20, was sentenced last week in Centre County Court to 200 hours of community service and two years’ probation, and was ordered to pay $6,000 restitution. Last month, Hayden […]
Printed from: http://www.jewishpress.com/news/breaking-news/dutch-funds-divest-from-israeli-banks-but-not-from-occupied-tibet/2014/01/08/
Scan this QR code to visit this page online: