In order to express meaningful solidarity with the urgent struggle to stop Israel’s unfolding genocide in Gaza, Bangor University should seek to divest from companies, businesses and/or corporations  that are:

• involved in Israel’s illegal settlement enterprise;
• profiting from the ongoing Israeli occupation;
• involved in the illegal Israeli settlement enterprise in the Occupied Palestinian Territories.

Reviewing Bangor University’s March 2024 statement of financial holdings, there are a number of companies, businesses and/or corporations that have been identified by authoritative sources to be profiting from the actions of the Israeli government and military.

Bangor University has (on May 2024), fourteen holdings with:

• Allianz SE
• Siemens AG
• ING Group NV
• Axa, Paris
• Estre Bank der Oesterreichsischen Sparkassen Ag
• Intesa Sanpaolo
• Carrefour Sa
• RELX PLC
• HSBC Holding Plc
• Aviva Plc
• NatWest Group Plc
• Lloyds Banking Group PLC
• Microsoft Corp
• Alphabet Inc

These fourteen holdings total nearly a quarter of the University’s investment portfolio and that amount to £1,260,141.

This petition calls on Bangor University to work with their portfolio manager, UBS to divest holdings in companies profiting from the genocide of the Palestinian people and to commit to not holding any in the future.

Bangor University is encouraged to develop a robust ethical screening process with UBS using the below authoritative sources to cross-reference current and future financial investments:

• United Nations – Report linked here
• Who Profits Research Centre – Webpage linked here
• American Friends Service Committee – Webpage linked here
• Don’t Buy Into Occupation – Report linked here

If Bangor University acts it will send a very powerful message of support to the people of Palestine.

Additionally such action will demonstrate to staff and students that Bangor University is, as it states in its Sustainable Investment Policy, continues to aim “to be a place that promotes the well-being of current and future generations, justice, integrity and sustainable growth in our society”… here in Wales and across the globe.

* The image associated with this petition is a copy of the Bangor University's Endowment Assets Held with UBS in May 2024 with the fourteen holdings highlighted and cross referenced with authoritative sources.