Illinois Divests Pension Fund from Unilever Over Israel Boycott
Illinois’ state pension will divest from Unilever, the parent company of Ben and Jerry’s, over the ice cream company’s decision this summer to stop selling ice cream in Judea and Samaria.
The Illinois Investment Policy Board voted 7-0 to add Unilever to its “prohibited entity list.” It was not yet clear when state agencies would have to divest from the company.
Illinois becomes at least the fifth state to divest from Unilever, although the dictates vary; some states require no further investment but allow existing investments to remain in place.
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