Wealth fund sells Caterpillar shares over Israel allegations

Andy Brown Head of Content, Construction and Engagement

27 August 2025

The world’s largest sovereign wealth fund has sold its shares in Caterpillar, the world’s largest construction OEM, after its advisers alleged Israel was using the company’s products to “commit extensive and systematic violations of international humanitarian law” by destroying Palestinian property.

The Norges Bank Executive Board, reported to be a top ten shareholder in Caterpillar, held 1.2% of shares in the OEM, which equates to approximately US$2 billion.

In a statement The Norges Bank Executive Board said that it has decided to exclude several companies – including Caterpillar – from…

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