Sep 16, 2025
APAN has welcomed the decision by Australian Super Fund HESTA to divest from Tel Aviv Stock Exchange listed banks and bonds issued by the State of Israel.
APAN has been calling on HESTA, Australia’s Super Fund for health and community service workers, to divest from a range of companies who enable, profit from and facilitate Israel’s genocide in Gaza and expansion of settlements in the West Bank.
HESTA’s decision follows a growing number of large institutional investors across the globe that are dropping Israeli investments. This includes major institutional investors like Norway’s sovereign wealth fund Norges Bank, Norway’s largest pension fund KLP, and the United Kingdom’s Universities Superannuation Scheme.
Nasser Mashni, APAN President, said that this decision is a win for people who have been calling for a free Palestine and urged more superannuation funds to follow in their footsteps.
“Working people in Australia don’t want their retirement to be funding a genocide, or the occupation of illegal settlements in the West Bank.
“The pressure on HESTA to make this decision has come about in part due to the campaign from HESTA’s own members, health and community workers who don’t want to be associated with genocide or illegal settlements.
“Hesta is not the first, and it won’t be the last, it joins Australian Ethical as the second superannuation fund to divest from Israel.
“Israel is a bad investment. Genocide and occupation is a bad investment.
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