Swiss National Bank responds regarding its investments in Palantir
On 1 May 2026, the Business and Human Rights Centre invited Swiss National Bank Schweizerische Nationalbank (SNB) to respond to concerns that a company it is investing in, Palantir, is linked to various allegations of facilitating "serious human rights violations". Reportedly, Palantir is accused of facilitating these violations through its contracts with the U.S. Immigration and Customs Enforcement agency (ICE) and the Israeli army in the Palestinian territories, among other concerns, with Amnesty International accusing the company of "failing to comply with international standards". Palantir has responded to similar allegations, which can be found on its BHRC company page.
As stated in the United Nations Guiding Principles on Business & Human Rights (UNGPs), investors have a responsibility to use their leverage to ensure that those with whom they have business relationships, including portfolio companies, respect human rights. Within the article by El Pais, SNB is listed as having $1.1 billion invested in Palantir as of December 2025. SNB replied, stating:
"...The SNB does not comment on individual stocks. The SNB pursues a market-neutral and passive investment approach by replicating individual equity markets in their entirety and thereby diversifying its investments as broadly as possible. In principle, the SNB does not engage in stock picking, nor does it overweight or underweight particular sectors..."
SNB also cited its Sustainability Report 2025.