The Norwegian insurance company Storebrand pushed Jinhui to stop transporting phosphates from occupied Western Sahara in 2008.
The text below is an unoffical translation by WSRW of the Storebrand social responsability report for 2008.
Storebrand is a Norwegian insurance company.
"Jinhui and phosphates from Western Sahara
Division for responsible investments discovered in November 2007 that Jinhui Shipping and Transportation transported phosphates from Western Sahara. The exploitation of natural resources in Western Sahara is in violation of international law because Western Sahara is a 'non-self-governing territory'. The transports of phosphates from this territory is therefore also in conflict with Storebrand's company standards. Storebrand contacted Jinhui to make them aware of the problem, and to hear their point of view. The fund manager also raised the issue with the company in a phone conference in February 2008. Together with media and civil society, we pressued Jinhui and in June 2008 it was confirmed that the company had terminated its engagement in Western Sahara".
Siemens Gamesa, Siemens Energy and Enel Spa have been excluded by Norway's largest private asset manager for contributing to violations of international law in occupied Western Sahara.
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The following overview enlists stock-exchange registered companies currently operating in Western Sahara. Updated 5 October 2020.