More than 100 major European banks, insurers, funds and pension schemes have massively expanded their holdings in Palantir within a single year. The total value now stands at at least 27 billion dollars. An increase of nearly 70 percent. At the same time, for years there have been allegations that the company\u2019s software is used in deportations by ICE and plays a role in military operations, including by the Israeli army. Amnesty International already pointed out in 2020 that Palantir does not adequately meet its human rights due diligence obligations. A current assessment by MSCI assigns only two out of ten points for civil rights and human rights risks.<\/p>\n\n\n\n
Despite this, the money continues to flow. Norges Bank now holds 29 million shares worth more than 5 billion dollars. Amundi stands at around 3 billion, Legal & General at about 2.5 billion. Barclays, Deutsche Bank and BNP Paribas are each in the billion range. Many of these investors refer to OECD guidelines, which specifically require careful due diligence in such cases. But practice shows something different. Whoever invests carries responsibility. Tara Van Ho makes it clear that in the case of credible indications of human rights violations, influence must be exercised. If nothing changes, one must withdraw.<\/p>\n\n\n\n