The British banking giant HSBC has divested from Elbit, one of Israel’s largest defence companies.
The bank reportedly mentioned human rights issues when discussing the move, claiming it “strongly supports observance of international human rights principles as they apply to business.”
The divestment came following a long-running campaign by pro-Palestinian activists.
However, HSBC appeared to deny it had acted in response to pressure from the boycott movement, adding it did “not take positions on political issues”.
