Local Government Pension Scheme Complicit Investments
In April 2020 Palestine Solidarity Campaign defeated the UK government in the Supreme Court, overturning regulations that prohibited LGPS from taking ethical investment decisions, including removing investments from companies complicit in Israel’s violations of international law and Palestinian human rights.
Israel can only maintain its grave breaches of international law and Palestinian human rights because of products, equipment and services it receives from a range of companies and financial institutions. These companies either supply the Israeli military, provide technology and equipment for Israel’s infrastructure of illegal military occupation, or are active in illegal Israeli settlements, based on stolen Palestinian land.
LGPS invest in two ways. Directly by holding shares in specific companies, and indirectly through investment funds, which holds shares on their behalf.
This database lists the investments of 49 LGPS funds in companies that aid Israel’s breaches of international law. It contains a mixture of direct investments, and investments through funds.
The investments listed below are indicative of the widespread complicity of all LGPS. Through our research we have found that LGPS invest billions in a range of companies that supply the Israeli military with weapons and services, and companies blacklisted by the UN for their involvement in Israel’s illegal settlements. The funds included are therefore to be used as examples of the kinds of investments made by LGPS, and do not indicate that these 49 funds are the most, or only ones, complicit.
Whether you’re pension fund is listed or not, it is critical that pension holders get active and demand their scheme commits to remove all investments complicit in Israel’s abuses of Palestinian human rights.
Scheme member? Let’s mobilise! Download our leaflet to find out how you can get involved!
49 local government pension funds have known complicit investments
£3,582,374,282 known complicit investment for all funds
Find your local government pension scheme here to see what investments it has in companies that are involved in the grave breaches of international law carried out by the Israeli government towards the Palestinians.
This research has been conducted by Palestine Solidarity Campaign. The database is copyright property of PSC.