The Norwegian Pension Fund excludes two companies that supply weapons to the Israeli occupation army.

The Norwegian Government Pension Fund, one of the world's largest sovereign wealth funds, announced on Monday that it has blacklisted several companies that supply the Israeli military with weapons used in the ongoing 21-month-long war of extermination in the Gaza Strip.

The fund confirmed, in a statement reported by Bloomberg, that it had excluded the American company Oshkosh and the German company ThyssenKrupp from its investment portfolio due to their involvement in supplying the Israeli occupation with equipment and weapons that could be used in serious human rights violations in Gaza.

The decision was based on a UN report warning that supplying weapons to Israel could expose these companies to the risk of complicity in war crimes and systematic violations of international humanitarian law.

The fund explained that its ethical guidelines prohibit investment in companies involved in arms sales to countries committing systematic violations, noting that it urges international companies to review their business dealings and policies to avoid complicity in these crimes.

This move comes amid mounting international pressure on institutions and companies to hold accountable those involved in supporting the Israeli attacks on Gaza, which have left thousands of victims and drawn widespread condemnation from human rights organizations around the world.

Amnesty International, numerous human rights organizations, and UN bodies have also provided evidence of the genocide that Israel continues to commit in the occupied Gaza Strip.

Reports confirm that every company operating illegally in the occupied Palestinian territories contributes to the entrenchment of one of the world's longest and most deadly military occupations, and supports its normalization and continuation.

The Norwegian Government Pension Fund is the world's largest government investment fund, valued at $1.8 trillion, and is a global leader in environmental, social, and governance (ESG) investing.

As a state-owned financial institution that oversees the management of the fund, the Norwegian Central Bank is responsible for respecting human rights in accordance with the UN Guiding Principles on Business and Human Rights.

Norway's sovereign wealth fund, the world's largest, has excluded several companies in the past due to their links to Israeli settlements.

The Office of the United Nations High Commissioner for Human Rights has also emphasized that the activities of investors, including minority shareholders such as the Norwegian Central Bank, are directly linked to the involvement of investee companies in human rights violations, imposing a responsibility on them to avoid such involvement.