RALEIGH, N.C. — The North Carolina Department of State Treasurer has divested from Ben & Jerry's after the company's boycott of Israel.
This action includes affiliates of Ben & Jerry’s such as its parent company, Unilever PLC, and Unilever’s subsidiaries.
Treasurer Folwell ordered the divestment of $40 million in Unilever assets after it was determined that Ben & Jerry’s Homemade, Inc. is boycotting Israel.
He also instructed that local governments and state agencies be informed that they are prohibited from contracting with either company.
“We have policies in place per state law that dictate how we should proceed on any holdings in the retirement system of companies that boycott Israel and their affiliates. We will follow our policies and the law,” Folwell said.
“This is particularly important in this case as we have witnessed the atrocities perpetrated against the Israeli people. There is no place for antisemitism in this state or this country.”
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