Overview
- The fund confirmed on Aug. 26 it exited its roughly 1.2% holding in Caterpillar, valued at about $2.4 billion.
- The Council of Ethics found Caterpillar equipment is used by Israeli authorities in Gaza for unlawful demolitions and said the company failed to prevent such misuse.
- The fund also divested from five Israeli banks accused of financing settlement building in the occupied West Bank: First International Bank of Israel, FIBI Holdings, Bank Leumi, Mizrahi Tefahot and Bank Hapoalim.
- Caterpillar did not immediately respond to requests for comment on the divestment.
- Earlier in August, the fund announced plans to sell stakes in 11 Israeli companies as part of a broader review tied to the Gaza war.