In a resounding victory for the Boycott, Divestment and Sanctions (BDS) movement, the French multinational insurance company AXA has sold its investments in all major Israeli banks and divested from Israel’s largest weapons manufacturer Elbit Systems.
The news was confirmed by a new report published by the corporate accountability group Ekō, which is part of the coalition that’s been pressuring AXA to divest for nearly a decade.
“BDS pressure works. The confirmation of AXA’s divestment from all Israeli banks and Elbit Systems is a major milestone for the movement that follows years of strategic BDS campaigning,” said BDS Movement Europe Coordinator Fiona Ben Chekroun in a statement.
“Corporate criminals try to sear into our consciousness the impossibility of prevailing over them, but BDS works and we have prevailed over AXA and many other much larger companies,” she continued. “We surely can prevail in many more corporate accountability struggles in pursuit of freedom, justice and........