SUVA: An additional 9 million in Israeli treasury bonds

Since December 2024, SUVA has reduced the total amount of its investments in Israel: between December 2024 and December 2025, this figure fell from 43 to 35 million. But far from being part of a responsible investment strategy, this decline masks another dynamic…

At the same time, SUVA has increased and concentrated its investments in Israeli government bonds. While these investments totaled 15.5 million francs at the end of 2024, they now stand at 24.5 million.

In practical terms, holding government bonds means directly financing the Israeli government, despite its well-documented violations of international law and in defiance of the growing calls for divestment.

Switzerland’s largest accident insurance provider is, however, a public-law institution governed by federal legislation. Yet Switzerland’s largest workers’ compensation insurer is a public-law institution governed by federal law.

Today, the trade union federations of Vaud, Neuchâtel, and Jura are directly calling on SUVA. Their demand? That it respect international law in its financial investments. Following a similar call by the Geneva Trade Union Action Community (CGAS), a majority of French-speaking Swiss unions now support this demand.

And this movement is gaining national traction: these demands are in line with those voted on last fall by the UNIA congress and the national committee of the Public Services Union (SSP). The principle is clear: workers’ dues must not be used to finance violations of international law, whether in Palestine or elsewhere.

Increasing holdings of Israeli Treasury bonds amounts to giving Israel unacceptable institutional endorsement. Not a single cent for policies of genocide, apartheid, colonization, and war.