Effective from June 2021, KLP and KLP Funds (KLP) have decided to exclude 16 companies from their investment portfolios as part of a due diligence-based divestment.

KLP’s guidelines for responsible investment state that: “KLP shall conduct due diligence in its investments and can decide due diligence-based divestments from companies if there is an unacceptable risk of companies being complicit in human rights abuses, based on a combination of country, sector or company risk.”

KLP has considered whether the companies’ links to and operations in the West Bank could constitute an unacceptable risk of violating KLP’s guidelines, including contributing to human rights abuses and serious violations of the rights of the individual in situations of war and conflict...