19 February 2013 / Electronic Intifada / Veolia suffering ‘expensive’ damage due to Palestine campaigners’ publicity, says financial expert
For years, the French transnational Veolia has tried to downplay the effect of the boycott, divestment and sanctions (BDS) campaigns which aim to hold the company to account for its role in the Israeli occupation. But now a top Norwegian financial advisor has boldly acknowledged the impact of the BDS movement.
Activists in many countries have pressured local authorities, public institutions, socially responsible investors and pension funds to do no business with Veolia as long as it is complicit in Israel’s violations of international law. In a recent presentation, Hege Sjo said that “disasters are expensive” for businesses, mentioning Veolia as an example of a company that has experienced “reputational damage as a result of publicity and pending litigation” due to “operations in troubled regions. Involvement in infrastructure project in the occupied territories.”