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Sweden’s four largest pension funds have urged Motorola to withdraw from Israeli-occupied Palestinian territory on the West Bank.
The ethical council that co-ordinates the SRI work of the four buffer funds AP1, AP2, AP3 and AP4 has called on the US-based telecoms giant, along with the French engineering companies Alstom and Veolia, to cease operations in the Israeli-occupied area, which has been declared illegal under international law.
Motorola has been maintaining a custom-designed monitoring system for the settlements in the Palestinian territories, over which it has faced boycott campaigns.
The engineering companies have been involved in a tram project linking the occupied territories to Jerusalem.
The funds, which have combined assets of €97.5billion ($140.2bn, £85.5bn), have, along with the neighbouring €385bn Norwegian oil fund, already begun excluding Israel-based companies over their involvement in the occupations of the West Bank and the Gaza Strip.
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