Finnish investor Ilmarinen together with Folksam (Sweden) and KLP (Norway) have called on the world to join their efforts in Western Sahara. Together the three investors have carried out engagement with companies in Western Sahara over a number of years, assisted by the Swedish screening company GES Investment Services.
This is written in the latest issue of the GES Invests’s magazine. The article mentions how GES and the three Nordic investors have carried out engagement with four listed companies importing phosphates from Western Sahara: namely PotashCorp, FMC, Incitec Pivot and Wesfarmers.
”Although Western Sahara has not attracted much media attention as some other conflict areas, this does not mean that it is not of importance to investors. The latest UN reports strengthen the case for investors to engage with companies operating in this area to improve the situation”, said Anna Hyrske, head of responsible investments at the Finnish investor Ilmarinen.
WSRW has previously written how a number of European investors have blacklisted companies operating in occupied Western Sahara.
Morocco occupies the major part of its neighbouring country, Western Sahara. Entering into business deals with Moroccan companies or authorities in the occupied territories gives an impression of political legitimacy to the occupation. It also gives job opportunities to Moroccan settlers and income to the Moroccan government. Western Sahara Resource Watch demands foreign companies leave Western Sahara until a solution to the conflict is found.
It's not easy keeping up with all the different legal proceedings relating to Western Sahara. For the sake of clarity, here's an overview of the three different cases at the Court of Justice of the European Union.
Leading activists from Western Sahara are condemned to sentences ranging from 20 years to life imprisonment in connection to a mass protest in 2010 denouncing the Saharawi people’s social and economic marginalization in their occupied land; the Gdeim Izik protest camp.
At COP22, beware of what you read about Morocco’s renewable energy efforts. An increasing part of the projects take place in the occupied territory of Western Sahara and is used for mineral plunder, new WSRW report documents.