Scotiabank’s Dynamic Funds, under David Fingold, put $500 million in Elbit Systems, an arms firm in Israel with a dicey human rights record in Palestine.
The Canadian bank that holds the largest foreign share of an Israeli weapons manufacturer is coming under scrutiny from human rights groups over its stake in the company.
On Tuesday, at a shareholder meeting, a representative of the ethical investing activist group Eko delivered a petition on behalf of 12,000 signatories calling on Scotiabank to divest from the firm.
While it’s not possible to attribute Fingold’s eyebrow-raising investments in companies like Elbit to a particular ideological stance, his social media postings consist heavily of links to pro-Israel influencers and websites.
In late 2021, Fingold also shared an article on Twitter referring to Ben and Jerry’s board of directors chief Anuradha Mittal as “antisemite of the year” — a reaction to the company’s announcement that it would not be selling its products in Israeli settlements.
The company also touts its “allyship” to various marginalized communities in public-facing marketing materials and has identified “advancing human rights” as a core environmental, social, and governance objective in investment decisions.
The move followed similar steps taken by Norwegian and Swedish government-run funds, as well as the London-based bank HSBC, to divest from Elbit over broader human rights concerns.
The original article contains 1,246 words, the summary contains 191 words. Saved 85%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The Canadian bank that holds the largest foreign share of an Israeli weapons manufacturer is coming under scrutiny from human rights groups over its stake in the company.
On Tuesday, at a shareholder meeting, a representative of the ethical investing activist group Eko delivered a petition on behalf of 12,000 signatories calling on Scotiabank to divest from the firm.
While it’s not possible to attribute Fingold’s eyebrow-raising investments in companies like Elbit to a particular ideological stance, his social media postings consist heavily of links to pro-Israel influencers and websites.
In late 2021, Fingold also shared an article on Twitter referring to Ben and Jerry’s board of directors chief Anuradha Mittal as “antisemite of the year” — a reaction to the company’s announcement that it would not be selling its products in Israeli settlements.
The company also touts its “allyship” to various marginalized communities in public-facing marketing materials and has identified “advancing human rights” as a core environmental, social, and governance objective in investment decisions.
The move followed similar steps taken by Norwegian and Swedish government-run funds, as well as the London-based bank HSBC, to divest from Elbit over broader human rights concerns.
The original article contains 1,246 words, the summary contains 191 words. Saved 85%. I’m a bot and I’m open source!