Monday, January 25, 2010

Monetary Perverse Discrimination

Danske Bank adds
two firms to a list of companies in which it won’t invest due to questionable ethics

Africa Israel Investments and Elbit Systems have been added to Danske Bank’s list of companies that fail to adhere to its Socially Responsible Investment policy.

The bank’s SRI policy obliges it to examine the willingness of potential investments to follow international conventions in human rights and employment standards among others.

The two companies have been added to the list, which contains 24 companies, based on their activities in the settlement areas of the Palestinian territories.

Elbit Systems reportedly provides surveillance systems to the separation wall dividing Israel and the West Bank, while Africa Israel Investments has reportedly been involved in construction of Jewish settlements in the West Bank.

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