San Francisco State University campus.
Michael Ocampo / Flickr
San Francisco State has pulled investments from three companies it says don’t meet its human rights standards following pressure from pro-Palestinian student activists.
The moves resulted in changes to the university’s $163 million investment portfolio.
SF State Foundation confirmed Wednesday that it has sold its Lockheed Martin corporate bond position and stock positions in Leonardo, an Italian multinational defense company, and Palantir Technologies, a U.S.-based data analysis firm that has worked with the Israeli Defense Ministry.
The foundation also screened out a fourth company, the construction equipment manufacturer Caterpillar, based on a pre-existing policy that steers the foundation away from investments in fossil fuels. The company has become a target of groups advocating divestment from Israel. They claim Caterpillar’s heavy…
