The state of Illinois has divested its pension fund from international conglomerate Unilever due to the company’s ice cream brand Ben & Jerry’s decision to stop selling its products in the Shomron.
In a 7-0 vote after a 90-investigation, the Illinois Investment Policy Board, which is responsible for ensuring the state’s investments align with state law, voted 7-0 to bar state employee pension funds from holding Unilever shares.
According to reports, aside from Illinois, New Jersey, New York, Arizona, Florida, and other states have indicated they will take measures against Unilever.
Sources said at the moment, 35 states have laws that bar state investments in companies that boycott Israel and participate in the Boycott, Divestment, and Sanctions (BDS) movement.
Meanwhile, Jewish Federations of North America Chair Mark Wilf considered the Illinois decision an “important milestone against attempts to apply double standards and delegitimize the Jewish state.”