US EditionNorway Wealth Fund Divests From Caterpillar over Gaza 'Rights Violations'
The fund holds $2.1 billion in Caterpillar and $661 million in Israeli banks, which it excluded due to risks of involvement in violations of international humanitarian law, ethics council said.
- On August 18, 2025, Norway's sovereign wealth fund announced it would divest from Caterpillar and five Israeli banks over ethical concerns related to Gaza and West Bank conflicts.
- The divestment came after a review prompted by Norway's Ministry of Finance, which highlighted the risk that these companies may be involved in severe infringements of human rights in areas affected by armed conflict and war.
- The fund's Council on Ethics found Caterpillar bulldozers were used by Israeli authorities to demolish Palestinian property unlawfully and that the banks financed construction sustaining settlements considered illegal by the UN.
- Norway's fund held a $2.4 billion stake in Caterpillar at the end of 2024 and $661 million combined in the five Israeli banks as of June 30.
- This decision demonstrates the fund's dedication to adhering to its ethical standards, although experts remain uncertain about the potential impact of these divestments on its overall portfolio performance and returns.
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Norway’s $2 Trillion Sovereign Wealth Fund Divests from Caterpillar and Israeli Banks Over Humanitarian Violations in Palestine - teleSUR English
In a historic move, Norway’s sovereign wealth fund—the largest in the world with nearly $2 trillion in assets—has excluded U.S. construction giant Caterpillar and five Israeli banks from its investment portfolio, citing “unacceptable risk” of complicity in serious violations of international humanitarian law in Gaza and the occupied West Bank. The decision follows recommendations from the fund’s Council on Ethics, which concluded that Caterpilla…
The Norwegian SWF has sold its holdings to six companies due to ethical concerns in connection with the Gaza conflict, including five Israeli banks - and the US construction machine manufacturer Caterpillar.
World's Largest Sovereign Wealth Fund Divests From Caterpillar Over IDF Rights Abuses
World's Largest Sovereign Wealth Fund Divests From Caterpillar Over IDF Rights Abuses In the latest demonstration of growing Western opposition to Israel's devastating campaign in Gaza, the world's largest sovereign wealth fund on Monday announced it is divesting from Caterpillar, over concerns that the Israel Defense Forces are using Caterpillar bulldozers to violate human rights. Norway's $2 trillion wealth fund -- which springs from the count…
Gaza War: Israel uses the Caterpillar D9 bulldozer to destroy Palestinian homes, roads and buildings in Gaza and the occupied West Bank, among other places.
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