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There was submitted a Notice of Motion by Councillors K MacLaren and Andy Doig in the following terms:
“
Strathclyde Pension Fund
Council notes with deep concern the escalating humanitarian crisis in Gaza and the West Bank, and the findings of the United Nations, Amnesty International, and other human rights organisations that Israel’s actions constitute war crimes and serious violations of international law.
Over 65,000 Palestinians have been killed with hundreds of thousands more injured by Israeli forces. Health workers and journalists have become targets for an Israeli regime desperate to hide the scale of its war crimes from future generations.
Gaza now faces an unprecedented humanitarian catastrophe, with over 80% of the population facing food insecurity, and UN-backed food security experts now stating that a famine is unfolding in Gaza, primarily due to Israeli blockades of humanitarian aid.
Council understands that the Strathclyde Pension Fund - one of Europe’s largest pension funds with over 277,000 members - continues to invest in companies that supply arms, military technology, or other support used in Israel’s war crimes and violations, including those operating in illegal Israeli settlements in the Occupied Palestinian Territory.
Council believes pension funds should not be invested in companies complicit in breaches of international law, particularly amid this ongoing and escalating crisis. Our investments must reflect our commitment to justice, human rights, and ethical governance.
Council will contact the Strathclyde Pension Fund Committee to express our strong condemnation of Israel’s ongoing genocide against the Palestinian people, and to urge the Fund to urgently review its investment portfolio and divest from companies linked to or complicit in Israel’s war crimes and violations of international law”.
Councillor K MacLaren, seconded by Councillor Andy Doig, then moved the motion.
Councillor Ann-Dowling, seconded by Councillor Clark, moved as an amendment that
“Council believes pension fund investments must reflect our values.
Council will contact the Strathclyde Pension Fund Committee to ask the Fund to confirm its investment portfolio ensures prudent, ethical investments in line with Renfrewshire Council’s commitment to justice, human rights, and ethical governance”.
On the roll being called, the following members voted for the amendment: Councillors Ann-Dowling, Clark, Davidson, Gilmour, Grady, G Graham, N Graham, Gray, Leishman, J MacLaren, McCulloch, McDonald, McGuire, McMillan, Montgomery, Mullin and Smith.
The following members voted for the motion: Councillors Adam, Airlie-Nicolson, Burns, Campbell, J Cameron, Provost L Cameron, Councillors Devine, Andy Doig, Audrey Doig, Hannigan, Hood, Hughes, Innes, MacFarlane, K MacLaren, M MacLaren, McEwan, McGurk, McNaughtan, Mylet, Nicolson, Paterson, Rodden, Shaw and Steel.
17 members having voted for the amendment and 25 members having voted for the motion, the motion was accordingly declared carried.
DECIDED:
Strathclyde Pension Fund.
Council notes with deep concern the escalating humanitarian crisis in Gaza and the West Bank, and the findings of the United Nations, Amnesty International, and other human rights organisations that Israel’s actions constitute war crimes and serious violations of international law.
Over 65,000 Palestinians have been killed with hundreds of thousands more injured by Israeli forces. Health workers and journalists have become targets for an Israeli regime desperate to hide the scale of its war crimes from future generations.
Gaza now faces an unprecedented humanitarian catastrophe, with over 80% of the population facing food insecurity, and UN-backed food security experts now stating that a famine is unfolding in Gaza, primarily due to Israeli blockades of humanitarian aid;
Council understands that the Strathclyde Pension Fund - one of Europe’s largest pension funds with over 277,000 members - continues to invest in companies that supply arms, military technology, or other support used in Israel’s war crimes and violations, including those operating in illegal Israeli settlements in the Occupied Palestinian Territory.
Council believes pension funds should not be invested in companies complicit in breaches of international law, particularly amid this ongoing and escalating crisis. Our investments must reflect our commitment to justice, human rights, and ethical governance; and
Council will contact the Strathclyde Pension Fund Committee to express our strong condemnation of Israel’s ongoing genocide against the Palestinian people, and to urge the Fund to urgently review its investment portfolio and divest from companies linked to or complicit in Israel’s war crimes and violations of international law.