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Government pushes further on reporting climate-related financial risks

ANZ sells shareholdings in Yemen war-linked companies, puts them on KiwiSaver exclusion list

New Zealand state pension fund divests from Israeli banks

Houses under construction in the Israeli settlement of Eldad, south of Bethlehem, December 2019. Israel’s colonization of Palestinian land in the occupied West Bank is a war crime. (Trocaire) New Zealand’s $33 billion national pension fund has excluded five Israeli banks from its portfolio because of their role in financing Israeli settlements in the occupied West Bank. An assessment by the NZ Super Fund concludes that holding shares in Israel’s biggest banks would violate its responsible investment policy. The document cites New Zealand’s 2016 vote for UN Security Council resolution 2334 which reaffirms the illegality of the settlements, as well as statements by Israeli Prime Minister Benjamin Netanyahu that he intends to proceed with large-scale annexations of occupied Palestinian land.

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