This is a major BDS win for Palestinian rights activists, and a win for grassroots and civil society pressure to end the shameful complicity of large financial corporations like AXA in Israel’s 76-year-old regime of settler colonialism, apartheid and genocide.
In a major BDS win for human rights activists against financial institutions complicit in Israel’s 76-year-old regime of settler colonialism, apartheid and now genocide, French multinational insurer AXA was forced to sell its investments in all major Israeli banks as confirmed by this new report. These banks are considered the backbone of Israel’s illegal settlement enterprise on occupied Palestinian stolen lands.
76-year-old regime of settler colonialism, apartheid and now genocide, French multinational insurer AXA was forced to sell its investments in all major Israeli banks as confirmed by this new report. These banks are considered the backbone of Israel’s illegal settlement enterprise on occupied Palestinian stolen lands.
The global Stop AXA Assistance to Israeli Apartheid campaign targeted AXA’s investment in Israeli banks and Elbit Systems for their complicity in Israel’s illegal settlements in the occupied West Bank, which constitute war crimes under international law, and for other grave violations of Palestinian human rights. For years, AXA faced divestment pressure, reputational damage and a consumer boycott campaign.
At AXA’s shareholders meeting in April 2024, AXA’s CEO was compelled to announce that AXA has “zero investments in Israeli banks, direct or indirect.”
The corporate accountability group Ekō, which forms part of the Stop AXA Assistance to Israeli Apartheid campaign, commissioned research from Profundo – an independent research organisation – confirming that AXA had sold its investments in Israeli banks, with residual shares remaining in Bank
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