Insurance Company AXA Divests From Israel’s Banks and Largest Arms Manufacturer

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Organizers for the boycott, divestment and sanctions movement celebrated but urged the campaign to keep pressure up.

A banner reading"Boycott, Disinvestment, Sanctions and Against Apartheid, Boycott Israel" is displayed during a protest in Toulouse, France, on May 18, 2024.In a resounding victory for the Boycott, Divestment and Sanctions 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.

“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 equality.”to divest from Elbit Systems, Israel’s largest weapons manufacturer, and from ALL major Israeli banks.

The BDS National Committee celebrated the news in a press release, but noted that the campaign was not ending.

 

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