Norway’s biggest pension fund KLP has said that it has dropped US group Oshkosh Corporation and Germany’s ThyssenKrupp from its investment portfolio for selling weapons and equipment used by Israel’s military in Gaza, AFP reports.

KLP — which is separate from Norway’s sovereign wealth fund, the world’s largest — said Oshkosh Corporation was supplying trucks to the Israeli military, which adapts them into armoured troop transport vehicles.

“Companies have an independent duty to exercise due diligence in order to avoid complicity in violations of fundamental human rights and humanitarian law,” Kiran Aziz, head of responsible investments at KLP Asset Management, said in a statement.

KLP, which managed assets worth $114 billion in the first quarter, sold its holdings in Oshkosh Corporation valued at 19 million kroner ($1.9 million).

The two companies were excluded on the basis of KLP’s criterion relating to the “sale of weapons to states in armed conflicts that use the weapons in ways that represent serious and systematic breaches of international law governing the conflicts”, KLP said.

The fund emphasised that the two companies had long-established cooperations with the Israeli army, and their deliveries continued after the start of Israel’s offensive in Gaza.