Swedish government fund blacklists Agrium over Sahara imports
A Swedish fund today announced it has excluded the Canadian company Agrium from its portfolios due to "violations of human rights through imports of phosphates from occupied Western Sahara".
Published 15 December 2014
The Seventh AP Fund, managed by the Swedish government, invests in around 2.600 companies globally. That said, approximately 50 of them have been excluded from the investment fund as they "fail to live up the minimum standards of respect of human rights, environment and anti-corruption".
The fund published today 15 December 2014, a revised list of companies excluded from its portfolio. Among them are, for the first time, Agrium.
Agrium started the controversial imports from the occupied territory in 2013. See more about that imports in the June 2014 report P for Plunder.
The Seventh AP Fund revises its list of excluded companies twice a year. Earlier this month, the Norwegian investor KLP announced it too had divested from Agrium over the same ethical concerns.
News
Trial underway over firebombing of WSRW partner in Denmark
A trial has begun in Copenhagen against four men accused of carrying out the January 2025 arson attack on the offices of WSRW partner Global Aktion.
15 June 2026
Heidelberg Materials deepens its role in Morocco’s occupation of Western Sahara
The German company confirms once again that its operations in occupied Western Sahara are closely tied to Morocco’s infrastructure expansion in the territory - while continuing to dismiss the Saharawi people’s right to consent.
05 June 2026
The conflict phosphates - four decades of plunder
For over 40 years, a Moroccan state-owned company has exported phosphate rock from occupied Western Sahara.
29 May 2026
Record low number of importers of Western Sahara phosphates
Only three companies imported phosphate rock from occupied Western Sahara in 2025 - the lowest number ever recorded. The findings appear in our annual P for Plunder report, released today.
29 May 2026