European asset managers invest over $27 billion in Palantir despite human rights concerns
By
Daniele Grasso
Master baker tier. Every paragraph earns its place on the tray.
Summary
Major European banks and asset managers have significantly increased their investments in Palantir, a controversial U.S. technology company, pouring over $27 billion into the firm despite its links to serious human rights violations. Palantir provides services to U.S. Immigration and Customs Enforcement (ICE) and the Israeli army in Palestinian territories. Amnesty International has denounced the company for failing to comply with international standards, and MSCI gave it a low score of 2/10 for civil liberties and human rights.
Key quotes
· 3 pulledOver the past year, major European banks and asset managers have dramatically increased their investments in Palantir, the controversial U.S. technology company.
This is despite the firm's links to serious human rights violations.
In 2020, Amnesty International denounced the company for failing to comply with international standards, while the consulting firm MSCI gave it a score of two out of 10 for 'civil liberties' and 'human rights' in a recent
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