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Europe’s largest pension fund ABP divests Caterpillar stocks over Gaza genocide

Thursday, 02 October 2025 9:44 AM [ Last Update: Thursday, 02 October 2025 9:44 AM ]

Palestinians walk past a residential block on a street in Gaza City destroyed in attacks by Israeli regime forces, Feb. 7, 2025. (Photo by Bloomberg)

The largest trust fund in Europe has divested its equity stake in American heavy-equipment manufacturer Caterpillar over ethical grounds due to the firm's supply of machines to the Israeli regime during the ongoing genocidal war against Palestinians in the Gaza Strip.

Netherlands’ ABP, which manages pensions investment for three million Dutch government and education employees, announced on Wednesday that it dumped its entire stake in the US Fortune 500 firm.

“Our investment approach must ensure good returns while being socially responsible,” ABP told the media in an announcement.

McDonald’s loses over $7 billion in boycott over backing Israel

McDonald’s has lost over $7 billion in revenue due to a boycott campaign initiated by pro-Palestinians around the globe against Israel’s barbarism in Gaza.

It added that when companies fail to meet its standards, discussions are held, but “if these do not lead to the desired results, ABP will stop investing in these companies.”

Caterpillar Inc., also known as Cat, is the world's largest manufacturer of construction, mining, and other engineering equipment.

Meanwhile, Western franchises continued to be divested, boycotted, and sanctioned worldwide over their support for the Israeli forces carrying out genocide in Gaza.

Never again is now: How global companies are complicit in Israel's genocide in Gaza

BDS movement has updated the list of multi-national corporations complicit in Israeli genocidal war on Gaza, intensifying its efforts to hold them accountable.

Among the other US companies targeted are McDonald's, KFC, Starbucks, Burger King, Pizza Hut, and Papa John’s, as well as brands such as Coca-Cola, Pepsi, Wix, Puma, and Zara that have a pro-Israeli stance or financial ties with the Israeli regime.

Boycott, Divestment, and Sanctions (BDS) is a nonviolent Palestinian-led movement promoting boycotts, divestments, and economic sanctions against Israel.

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