Caterpillar(US:CAT) Xin Hua She·2025-08-26 07:02Core Points - The Norwegian Sovereign Wealth Fund announced the divestment from one American company and five Israeli financial institutions due to ethical considerations, citing serious violations of personal rights in the context of war and conflict [1][2] - The divested companies include Caterpillar Inc., which held 1.17% of the fund's shares valued at $2.1 billion, and two major Israeli banks, Bank Hapoalim and Bank Leumi, with a total value of $661 million in shares [1] Group 1 - The Norwegian Sovereign Wealth Fund, managed by the Norwegian Central Bank, is the largest sovereign wealth fund globally, with assets totaling $2 trillion [1] - The fund's ethical council stated that Caterpillar's products are used by Israeli authorities for large-scale illegal destruction of Palestinian property, while the Israeli banks contribute to maintaining Israeli settlements through financial services [1] Group 2 - The fund's leadership indicated a review of its investments in Israeli companies due to the humanitarian crisis in Gaza, suggesting potential further divestments [2] - On June 30, the fund had already announced the divestment from six companies associated with the situation in the West Bank and Gaza, with plans to disclose the names and reasons for these divestments [2]