The Seventh AP Fund, managed by the Swedish government, invests in around 2.600 companies globally. That said, approximately 50 of them have been excluded from the investment fund as they "fail to live up the minimum standards of respect of human rights, environment and anti-corruption".
The fund published today 15 December 2014, a revised list of companies excluded from its portfolio. Among them are, for the first time, Agrium.
Agrium started the controversial imports from the occupied territory in 2013. See more about that imports in the June 2014 report P for Plunder.
The Seventh AP Fund revises its list of excluded companies twice a year. Earlier this month, the Norwegian investor KLP announced it too had divested from Agrium over the same ethical concerns.
Record low number of importers of Western Sahara phosphates
Only three companies imported phosphate rock from occupied Western Sahara in 2025 - the lowest number ever recorded. The findings appear in our annual P for Plunder report, released today.
The conflict phosphates - four decades of plunder
For over 40 years, a Moroccan state-owned company has exported phosphate rock from occupied Western Sahara.
One of the richest coastlines in the world
The fish stocks of occupied Western Sahara have not only attracted the interest of the Moroccan fleet: other foreign interests are also fishing in the occupied waters through arrangements with Moroccan counterparts. Along the Western Saharan coastline, a processing industry has emerged.
The CJEU Court Cases
Keeping track of the many legal proceedings relating to Western Sahara is not easy. This page offers an overview of the cases concerning the territory that have been before the Court of Justice of the European Union (CJEU).