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Save the Children has invested million in Lundin Petroleum

Save the Children is a non-profit organization that last year raised close to 400 million in donations from the Swedish public. On its website, describes Save the Children its main focus: to ”fight for every child's natural right to survive, develop and grow up in safety.”

to the Save the Children association owns shares to a value of sek 3.5 million in Lundin Petroleum. The holding accounts for almost two-thirds of the federation's total investment portfolio.

Investment, at 11.700 shares, registered on 31 december of the previous year, according to the ägartjänsten Holdings.

Since 2016, the suspected oil company's managing director Alex Schneiter and chairman Ian Lundin for complicity to gross crimes. In december started a new investigation and then recently suspected they in addition to the incitement to abuse in a court of law.

bolagsföreträdarna suspected of having collaborated with the government of the then Sudan to clear the population from areas where oil is found. Alternatively, according to the suspicions have known it's been going on, but allowed it to happen. Over 100,000 have been forced to flee from their home villages and tens of thousands have died during the cleanup of the oljeområdet, according to reports from, among others, the united nations and Human Rights Watch.

In August, revealed the daily News, information about witnesses in the investigation to the harassment of persons who are said to be working for Lundin. Several people in south Sudan and its neighbours should have been offered the money and the opportunity for schooling for their children, they would take back their testimony. The witnesses shall also have been persecuted, threatened and vulnerable to violence.

A parallel investigation was started on suspicion and Wednesday could DN reveal that the company's managing director Alex Schneiter and chairman Ian Lundin has been served on suspicion of incitement to assault in a court of law.

the investment policy, the organisation shall endeavour to be responsible investors and the companies that Save the Children invests in should be characterised by care for the environment, fair social conditions and good corporate governance. The companies included in the funds in which Save the Children invests funds shall operate in accordance with the international conventions to which Sweden is a signatory”.

in 2011, the year after the pre-trial investigation against the oil company started, bought Save the Children closer to the 11,000 shares in Lundin Petroleum, but sold its entire holding in June of the same year.

DN is looking for Save the Children for a comment.

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