Electronic Intifada reports:

The major Dutch pension fund Pensioenfonds Zorg en Welzijn (PFZW), which has investments totaling 97 billion euros, has informed The Electronic Intifada that it has divested from almost all the Israeli companies in its portfolio.

PGGM, the manager of the major Dutch pension fund PFZW, has adopted a new guideline for socially responsible investment in companies which operate in conflict zones.

In addition, PFZM has also entered into discussions with Motorola, Veolia and Alstom to raise its concerns about human rights issues. All three companies have actively supported and profited from Israel’s occupation of the West Bank (including East Jerusalem) and the Gaza Strip.