Norway’s biggest pension fund, KLP, said Monday it had dropped US group Oshkosh Corporation and Germany’s ThyssenKrupp from its investment portfolio for selling weapons and equipment used by Israel’s military in Gaza.

KLP — which is separate from Norway’s sovereign wealth fund, the world’s largest — said Oshkosh Corporation was supplying trucks to the Israeli military, which adapts them into armored troop transport vehicles.

The fund also accused ThyssenKrupp of agreeing to supply Israel’s navy, before the outbreak of the war in Gaza, with corvettes and submarines.

“Companies have an independent duty to exercise due diligence in order to avoid complicity in violations of fundamental human rights and humanitarian law,” Kiran Aziz, head of responsible investments at KLP Asset Management, said in a statement.

KLP, which managed assets worth $114 billion in the first quarter, sold its holdings in Oshkosh Corporation valued at 19 million kroner ($1.9 million).

It also sold its investment in ThyssenKrupp worth 10 million kroner.

The two companies were excluded on the basis of KLP’s........

© The Times of Israel