web analytics
January 31, 2015 / 11 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


Dutch Funds Divest from Israeli Banks but not from Occupied Tibet

By: JTA

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.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Dutch Funds Divest from Israeli Banks but not from Occupied Tibet”

  1. Right here is the right blog for anyone who wishes to find out about this topic.
    You understand so much its almost tough to argue with you (not
    that I personally will need to…HaHa). You certainly put a brand new spin
    on a subject that’s been discussed for decades. Excellent
    stuff, just wonderful!

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Jeremy Bird, working for Israeli campaign outfit V15, shown at Ted Talk, May 20, 2014.
V15 US Political Operative Marinated in Hate-Israel Activism
Latest News Stories
Jeremy Bird, working for Israeli campaign outfit V15, shown at Ted Talk, May 20, 2014.

V15′s Bird was marinated in his former boss’s hatred of and blame-only Israel mindset.

Palestinian Child Soldiers

Palestinian Authority child soldiers – a crime against humanity.

Children learn how to shoot rifles to kill Jews.

Maybe, just maybe, the new generation of terrorists will one day turn their guns on their oppressors in Gaza.

You are looking at an "armed insurgent" and not a terrorist, according to the White House.

The White House explains that Taliban is not a terrorist group — it is an “armed insurgency.”

The US in November stopped funding a left-wing group that is helping to campaign against Netanyahu

Super Bowl viewers will have to get along with Scarlett Johansson this year.

Cruz and New York Rep. Zeldin complained to Kerry of Obama’s “relentless harassment.”

A Shin Bet sting nabs Arab Israelis after returning from Syria where they join Al Qaeda and ISIS-linked terror groups — a whole group this month.

That’s it. If you didn’t register your party by now, you’re not running for the upcoming Knesset elections.

Simultaneous explosions in Egypt killed and wounded dozens Thursday night.

National religious voters favoring the new Yachad party headed by Eli Yishai may be wasting their votes.

ISIS threatens to behead Obama, turn the U.S. into a Muslim province, and destroy France and Belgium.

Locked in Auschwitz, their cries for assistance were not heard, so they escaped through an open window, setting off an alarm.

Hezbollah is a terrorist group and terrorist party, but most and worst of all, it is a huge and powerful army.

Lieberman’s issues a disproportionate response to polls that show his party will barely squeeze into the Knesset.

Boehner criticized President Obama for failing to take the threat of terrorism and the Iranian nuclear threat seriously.

More Articles from JTA

More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]

New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]

“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.

The Nazis nearly destroyed the 17th synagogue.

Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.

Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

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: