I think this is fantastic! When the corporate world and investors begin to say they want nothing to do with tainted, West Bank settlement products like SodaStream, when they say NO to contributing to the Occupation of Palestine, we know change can happen. More and more investors are demanding ethical choices, and SodaStream is NOT an ethical investment choice.
Please read on! Thank You,
Say No to SodaStream and Say Yes! to Human Rights
July 15, 2013
Victory! US pension fund giant TIAA-CREF drops SodaStream stock
Pension giant TIAA-CREF has removed SodaStream from its portfolio. As of March 2013 financial data posted on TIAA-CREF’s website valued shares in SodaStream at over 9 million dollars. On July 15 it was zero
“No matter the reason TIAA-CREF dropped SodaStream we view this as a conscientious decision,” said Sydney Levy of the We Divest Campaign. While SodaStream may be a profitable investment it is socially bankrupt, operating out of an illegal Israeli settlement in the occupied West Bank.”
In recent years SodaStream became the subject of international calls for boycotts due to their main production facility being located in the Mishor Adumin Industrial Park in the illegal Israeli settlement of Ma’ale Adumin in the Occupied West Bank. The move by TIAA-CREF comes as the international camaign to boycott companies operating in illegal settlements is gaining momentum.
From Omar Barghouti, founding member of BDS:
“The overwhelming majority of the Palestinian people have endorsed the boycott of SodaStream and other corporations that are implicated in Israel’s occupation, settlements and other violations of international law. Those who claim that boycotting or divesting from SodaStream would hurt Palestinians are parroting a discredited argument that was proven false in apartheid South Africa and the Jim Crow South.”
Andrew Dalack of the US Palestinian Community Network states:
“SodaStream insists in its marketing materials that they are “Buidling Bridges, Not Walls,” but the truth is that it profits from a system of illegal occupation and settlements, based on walls and checkpoints that control, humiliate, and criminalize millions of people. It appears TIAA-CREF was able to see through the empty slogans and identify SodaStram as a company that in no way could be passed off as ‘for the greater good.’ We commend them for that.”For more information see: http://www.bdsmovement.net/2013/victory-pension-fund-giant