HEADQUARTERS
London, United Kingdom
publicly traded
YES
largest shareholders
Credit Suisse Asset Management (Schweiz) AG (3.106%) BlackRock Fund Advisors (2.947%)
The Vanguard Group, Inc. (2.929%)
Dodge & Cox (2.608%)
Causeway Capital Management LLC (1.805%)
Upper Chance Group Ltd. (1.734%)
Legal & General Investment Management Ltd. (1.637%)
operations
Global; largest influence in the UK and the US
total assets
£1.518 trillion
financing overview
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climate crisis
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genocide in Gaza
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Palestine occupation
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controversial weapons
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Migrant abuse
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£79,107,504,000
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£2,365,302,000
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£14,500,800,000
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£5,189,600,000
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£398,000,000
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#1 European bank financing fossil fuels
#8 global financier #1 European financier of tar sands oil, LNG, coal power |
Holds over £2 billion in shares, and provides £6.1 billion in loans and underwriting, to 9 companies whose weapons, components and military technology are being used by Israel in its attacks on Palestinians.
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#3 largest European creditor to the 58 companies (at group level) that have activities in the illegal settlement enterprise in the OPT.
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Provided significant financial services to nuclear weapons producers through the loans and underwriting.
Making £5.2 billion available to nuclear weapons producers. |
Bankrolling Airbus
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Company highlights and involvement
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company involved
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funding
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climate crisis
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gaza genocide
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cont. weapons
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PALESTINE OCCUPATION
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migrant abuse
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ADANI
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£44m
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EQUINOR
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£45m
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TOTAL
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£1bn
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GLENCORE
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£336m
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SHELL
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£243m
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BP
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£681m
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EXXONMOBIL
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£736m
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AIRBUS
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£398m
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BOEING
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£906m
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LEONARDO
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£188m
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HONEYWELL
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£731m
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L3HARRIS
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£206m
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LOCKHEED MARTIN
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£709m
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ROLLS-ROYCE
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£309m
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IBM
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£2.9bn
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CATERPILLAR
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£1.8bn
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MAN GROUP
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£0.9bn
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Fossil fuel companies bankrolling the climate crisis
Funded: £681m
Climate Crisis
gaza genocide
BP, one of the world’s largest energy corporations, is a symbol of ruthless greed and imperial exploitation. Born as the Anglo-Persian Oil Company in 1909, it was the engine of British imperialism, securing control over Iranian oil through corruption and coercion while the Iranian people were left impoverished and dispossessed.
BP’s legacy is stained with environmental catastrophe and human suffering. The 2010 Deepwater Horizon disaster unleashed nearly five million barrels of oil into the Gulf of Mexico, killing untold marine life and devastating ecosystems, all while BP cynically promoted its “Beyond Petroleum” greenwashing campaign.
Now, BP is complicit in genocide, supplying oil that fuels Israel’s brutal war machine against Palestinians. Weeks into the genocide, BP accepted an Israeli gas exploration license, proving yet again its callous disregard for oppressed communities.
Funded: £45m
Climate Crisis
gaza genocide
Equinor, Norway’s state-owned oil giant and largest operator on its continental shelf, cynically promotes itself as sustainable while aggressively expanding fossil fuel extraction. The company has been exposed for misleading claims about the effectiveness of its carbon capture technology. Additionally, the UK Advertising Regulator banned its greenwashing ads for misrepresenting the share of renewables in its energy mix. Its net-zero pledge rings hollow as it launches new Arctic drilling at Johan Castberg and pursues the ecologically catastrophic Wisting field, while conducting risky deep-sea exploration in Argentina’s vulnerable waters and ignoring indigenous impacts in Canada’s Bay DuNord project.
Equinor’s partnership with Ithaca energy on the Rosebank field has drawn criticism due to Ithaca’s majority owner Delek group being listed on a UN database of companies operating in Israel’s West Bank settlements, considered illegal under international law. Delek group has come under further scrutiny of late due to its links to the Israeli military, with the company being accused of providing fuel for genocidal operations in Gaza. This partnership with Ithaca makes Equinor not only complicit in the destruction of the planet, but also the genocide of Palestinians.
Case Study – Carbon Bomb – Rosebank
Rosebank will exacerbate climate-related catastrophes, because it represents an expansion of the fossil fuel industry. It’s the largest undeveloped oil and gas field in the North Sea, estimated to contain approximately 500 million barrels of oil equivalent according to Rystad Energy data. Its emissions would be more than the combined emissions of all low income countries in the world.
In 2021, the International Energy Agency stated there is “no need for investment in new fossil fuel supply in our net zero pathway”. Developing a massive new field like Rosebank is clearly incompatible with limiting the global temperature rise to 1.5C.
Funded: £1BN
Climate Crisis
gaza genocide
TotalEnergies is a French energy giant complicit in human rights abuses, relentless fossil fuel expansion, and decades of deceit. Like its peers, TotalEnergies knew about climate change as early as 1970 but chose to fund misinformation campaigns, deliberately delaying vital climate action. Now it hides behind greenwashing—falsely claiming a path to net zero while boosting fossil fuel production.
TotalEnergies’ East African Crude Oil Pipeline (EACOP) project in Uganda and Tanzania has sparked outrage over human rights violations and environmental destruction. This 1,440km behemoth threatens to displace over 120,000 people, leaving communities devastated and livelihoods shattered. The Ugandan government, seemingly in lockstep with TotalEnergies, has ruthlessly silenced opposition, jailing peaceful protesters and crushing dissent. Families face intimidation and pressure to accept paltry compensation, their futures hanging in the balance.
Most chillingly, Total fuels Israel’s genocide in Gaza. Research reveals it supplies oil to Israel via Brazilian shipments and the BTC pipeline, profiting from bloodshed. The list of Total’s abuses culminates with its complicity in the Israeli genocide of Palestinians. Investigations by Oil Change International expose its direct complicity in Israel’s slaughter of Palestinians, supplying oil through Brazilian onshore fields it co-owns and the BTC pipeline, where it holds a stake. While Gaza burns, Total fuels the fire.
Funded: £336m
Climate Crisis
Glencore, one of the world’s largest mining companies and a leading trader of fossil-fuel commodities, embodies the brutal realities of neocolonial exploitation. Glencore accounts for a significant portion of global coal production, operating mines in countries like Colombia, South Africa, and Australia, while systematically ravaging environments and trampling human rights.
Its operations in the Democratic Republic of Congo (DRC) are a stark example, where investigations revealed years of waste acid discharge from its Luilu copper refinery, causing severe pollution and ongoing spills. Glencore’s denial of responsibility for child labour at its sites, instead blaming impoverished locals, is a cynical attempt to deflect from its own complicity. Further exposing its predatory practices, the Paradise Papers leak unveiled Glencore’s ties to controversial figures who facilitated the acquisition of undervalued mining rights, robbing the DRC of a tenth of its annual budget.
Glencore’s corruption extends across Nigeria, Côte d’Ivoire, and Cameroon, with its former head of oil trading and four executives facing UK bribery charges, including allegations of flying cash bribes on private jets. In South America, its copper mining has poisoned indigenous lands and rivers in Peru, devastating the health and livelihoods of the Quechua and K’ana peoples while denying compensation. The company’s dark history also includes funding state security forces and paramilitary groups in Colombia and the Philippines to intimidate and murder communities resisting its exploitation.
Funded: £736m
Climate Crisis
gaza genocide
ExxonMobil is a titan of the fossil fuel industry, its operations spanning six continents and its profits built on a foundation of deceit and devastation. By the late 1970s, its own scientists had mapped out the catastrophic consequences of burning fossil fuels—yet ExxonMobil chose to bury the truth, unleashing a decades-long campaign of climate denial and misinformation that poisoned public debate and delayed climate action. The company poured millions into discrediting climate science, manipulating policy, and silencing dissent, all while its executives privately acknowledged the lethal risks of their products.
ExxonMobil’s legacy is soaked in blood and oil. In 2003, the company began supplying Israel with aviation and military fuel, which it has been continuing until today. In light of the International Court of Justice’s 2024 ruling that Israel is plausibly committing genocide in Gaza, also means that Exxon may be legally liable for complicity in acts of genocide.
Its history is scarred by complicity in coups, such as its role in overthrowing Iran’s democratic government, and by direct involvement in human rights atrocities: Indonesian villagers in Aceh alleged torture, sexual violence, and mass graves at the hands of soldiers guarding Exxon’s gas fields. The company has weaponized international law to sue governments for daring to protect their environment, while suing its own shareholders for demanding climate responsibility.
Funded: £243m
Climate Crisis
GAZA GENOCIDE
Shell, a global oil and gas titan born from colonial exploitation in the former Dutch East Indies, continues its relentless pursuit of profit, cementing its status as one of the planet’s most egregious environmental destroyers and political manipulators. In 2024, it shamelessly reneged on carbon emission targets following a legal battle, breaking prior commitments. Billions are funnelled into anti-climate lobbying, even extending to support for far-right climate-sceptic groups, systematically undermining urgent global efforts.
The company’s history is stained with accusations of corruption and human rights abuses, most notoriously its complicity in the 1995 executions of the Ogoni Nine, Nigerian activists protesting Shell’s devastating environmental impact in the Niger Delta. Decades later, justice remains elusive for victims of its oil spills, like the village of Goi, where Shell battled for years to avoid accountability. More recently, Shell has been accused of complicity in the Gaza genocide, supplying significant quantities of fuel to Israel since October 2023, brazenly disregarding international calls for embargoes. This echoes a pattern of exploiting armed conflicts for financial gain, as seen in its lobbying for the Iraq War. Shell’s decades-long knowledge of its devastating environmental consequences has merely fuelled its expansion, revealing a company that remains true to its exploitative origins.
Funded: £44m
Climate Crisis
gaza genocide
Adani Enterprises is the largest private coal company in the world, a conglomerate built on environmental destruction, political corruption, and militarised violence. Led by billionaire Gautam Adani, the company’s reach extends from coal fields in Australia to the war zone in Gaza, profiting at every turn.
Adani’s ethical bankruptcy extends beyond environmental concerns. Through a joint venture with Israeli weapons manufacturer Elbit Systems, the company produces Hermes 900 drones—the same drones used in the genocide of Palestinians in Gaza. These so-called “battle-tested” drones also patrol India’s borders with Pakistan.
Gautam Adani’s close ties to Prime Minister Narendra Modi have drawn allegations of cronyism, with his firms frequently winning state energy and infrastructure tenders. Publicly, he has praised Donald Trump as an “embodiment of unbreakable tenacity”, reflecting alliances with authoritarian leaders.
Communities in India, Indonesia, and Australia suffer the consequences of Adani’s profits, while the company accelerates climate change.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £908m
controversial weapons
gaza genocide
Boeing is not only a global aerospace giant but also a pivotal enabler of the Israeli genocide of Palestinians. The company has supplied Israel with vast quantities of advanced weaponry, notably its Joint Direct Attack Munition kits, which convert unguided bombs into precision-guided munitions. These Boeing-manufactured weapons have been linked to numerous deadly attacks on densely populated civilian areas, in what Amnesty International and other human rights organisations have condemned as potential war crimes. Boeing’s Apache attack helicopters and F-15 fighter jets have also played a central role in Israeli military campaigns, further amplifying the scale and lethality of operations in Gaza.
Beyond its role in conventional warfare, Boeing is a key contractor in the U.S. nuclear weapons program, maintaining and supporting the guidance systems for Minuteman III intercontinental ballistic missiles, which are central to the U.S. nuclear arsenal. This dual role—supplying both conventional and nuclear arsenals—places Boeing at the heart of global military-industrial power, with its products implicated in both genocide and the ongoing threat of nuclear escalation.
Case study: Joint Direct Attack Munitions used on Palestinians
- Deir al-Balah, Gaza
- Owner: Boeing
On 10 and 22 October 2023, two Israeli air strikes—using Boeing-manufactured Joint Direct Attack Munitions —killed 43 civilians, including 19 children, in Deir al-Balah, Gaza. Amnesty International’s forensic analysis confirmed Boeing’s JDAM fragments and manufacturing codes in the rubble of destroyed homes, where survivors reported no prior warning. The attacks, lacking any apparent military objective, obliterated families and left survivors in shock.
US-made weapons facilitated the mass killings of extended families
Funded: £709m
gaza genocide
controversial weapons
Lockheed Martin, the world’s largest arms manufacturer, stands as a linchpin of global military-industrial power, supplying Israel with some of its most advanced and lethal weapons. The company’s AGM-114 Hellfire missiles have been deployed in Gaza, including a November 2023 strike near Shifa Hospital that killed journalists and other civilians.
Beyond its role in conventional warfare, Lockheed Martin is central to the global nuclear arms race. The company is responsible for the design, production, and modernisation of nuclear delivery systems, notably the Minuteman III intercontinental ballistic missile, as well as subcontracting for the Sentinel modernisation programme and maintaining Trident II missiles for both the US and UK. Through these contracts, Lockheed Martin ensures the continued operation and lethality of nuclear arsenals that threaten global security.
Funded: £731m
gaza genocide
controversial weapons
Honeywell International, a global conglomerate, is deeply entrenched in the machinery of conflict, contributing critical components to Israel’s military operations, particularly implicated in the ongoing genocide in Gaza. Its precision-guided munitions have been identified in devastating strikes, including the airstrike on the U.N.-run al-Sardi school on 6th June 2024, which brutally claimed the lives of at least 40 Palestinians, including 14 children.
Beyond its immediate complicity in the Gaza genocide, Honeywell is a linchpin of the US nuclear weapons programme. As the sole manufacturer of critical navigation systems for weapons like the Minuteman III nuclear missile, and a key subcontractor on the Sentinel programme, the company underpins the modernisation of these apocalyptic arsenals. Its subsidiary’s oversight of the Kansas City National Security Campus, responsible for 85% of non-nuclear components for US nuclear weapons, and its operation of the Nevada National Security Site, further highlight its profound connection to instruments of mass destruction.
Funded: £206m
gaza genocide
controversial weapons
L3Harris Technologies is deeply embedded in the global arms trade and plays a pivotal role in equipping Israel’s military with advanced, highly destructive technology. As the world’s ninth largest weapons manufacturer, L3Harris produces over 1,600 components for the F-35 fighter jet—Israel’s primary weapon in its relentless bombardment of Gaza, responsible for widespread civilian casualties and devastation. The company’s systems are also integral to Israel’s Sa’ar-class warships, which enforce the illegal naval blockade, strangling Gaza’s access to essential goods and humanitarian aid. L3Harris is a key supplier of guidance kits and bomb components used in the precision-guided munitions that have levelled entire neighbourhoods and targeted civilian infrastructure in Gaza.
Beyond conventional arms, L3Harris contributes to the US and UK’s nuclear weapons programmes, supplying components for the Trident II ballistic missiles and participating in the Sentinel nuclear missile modernisation through Northrop Grumman.
Funded: £309m
gaza genocide
controversial weapons
Rolls-Royce, the UK’s second-largest arms manufacturer, is deeply entwined with both Britain’s nuclear weapons programme and Israel’s machinery of war in Gaza. Through its German subsidiary MTU, Rolls-Royce supplies the engines powering Israel’s Merkava 4 and 5 tanks, Namer armoured personnel carriers, and Eitan armoured fighting vehicles—hardware extensively deployed during the 2023 ground invasion of Gaza, including in attacks on medical facilities such as Shifa Hospital. These engines are the most significant Merkava component made outside Israel, forming the backbone of armoured assaults that have killed thousands and devastated civilian infrastructure. Rolls-Royce also provides propulsion systems for 80% of the Israeli Navy’s patrol boats, which enforce the illegal and deadly blockade of Gaza.
On the nuclear front, Rolls-Royce holds contracts to supply reactor cores for the UK’s Trident missile submarines, directly supporting Britain’s weapons of mass destruction.
Funded: £188M
gaza genocide
CONTROVERSIAL WEAPONS
The Italian arms giant Leonardo supplies the deadly naval gun systems mounted on Israel’s Sa’ar-class warships, the brutal enforcers of Gaza’s illegal naval blockade. These warships, including the heavily armed Sa’ar 6 corvettes, form the backbone of Israel’s naval oppression, cutting off food, fuel, and medical supplies to Gaza’s besieged population. In October 2023, Leonardo’s weaponry saw its first bloody deployment as Sa’ar 6 ships bombarded Gaza, directly enabling Israel’s indiscriminate assault on Palestinian civilians. By arming these warships, Leonardo isn’t just complicit in collective punishment—it’s a key enabler of what legal experts say constitutes war crimes. While posing as a “defence” contractor, the company profits from the machinery of occupation, turning Gaza’s coastline into a militarised kill zone where Palestinian fishermen are shot at and humanitarian aid is blocked.
Companies bankrolling MIGRANT ABUSE
Funded: £338m
migrant abuse
gaza genocide
controversial weapons
Airbus SE, headquartered in the Netherlands, is a multinational military and aerospace company that specializes in manufacturing commercial and military aircraft. Between 2008 and July 2024, the U.S. government awarded Airbus over $7.5 billion of contracts, the vast majority of which were held by the Departments of Defense (DHS) and Homeland Security (DHS).
U.S. immigration authority Customs and Border Protection (CBP) uses Airbus helicopters as part of its Air and Marine Operations (AMO) fleet. In 2023 alone, AMO’s enforcement resulted in 1,004 arrests and 89,909 apprehensions of immigrants. According to Airbus, it has provided aircraft for U.S. border enforcement operations since the 1980s.
CBP uses the Airbus AS350 Light Enforcement Helicopter (LEH) for “aerial patrol and surveillance of stationary or moving targets,” particularly in metropolitan areas. These helicopters are equipped with electro-optical (day) and infrared (night) sensors. Airbus has provided CBP with more than 100 helicopters from this series over the years, but started providing CBP with new and improved H125 helicopters, “uniquely configured” for the agency, in 2020. Airbus has described the new model as “one of the most advanced, high-tech law enforcement helicopters ever developed.”
CBP has also used the smaller Airbus EC120 helicopter as a “highly-effective aerial surveillance platform in the border desert areas where terrain can be difficult to traverse on foot.” CBP has frequently used this aircraft to assist ground agents in detecting traces left behind by people crossing the desert.
Airbus has collaborated extensively with Israeli Aerospace Industries (IAI) and between 2008 and 2021 applied for a UK export license to sell weapons to Israel. IAI and Airbus also have historically collaborated in joint commercial ventures. In 2011, Airbus Military and IAI came together to sign a Memorandum of Understanding to develop and market the C295 platform (a combat aircraft with surveillance systems). In 2018, Airbus signed a $600million deal with IAI to lease Heron TP drones to Germany’s Defence Ministry. These are unmanned drones which have been used in Gaza since October 2023, and have been reportedly deployed by German forces in Afghanistan for ‘a number of years’.
Airbus Defence and Space Airborne Solutions, a 100% subsidiary of Airbus, also partners with IAI to operate maritime aerial surveillance services for the European Border Agency. These drones, previously tested in operations conducted by the Israeli armed forces, are used to intercept migrant vessels crossing the Mediterranean. According to Statewatch, the choice of these drones was determined by their “performance… in the maintenance of public order by the Israeli Defence Forces and police forces”, implicating them in the ongoing enforcement of Israel’s system of colonial occupation and apartheid. Airbus has thus not only profited from – and helped Israel to profit from – the sale of weapons tested on Palestinians, but the company has also enabled Israel to establish itself as a leading provider of defence and commercial technologies on the global stage.
Companies bankrolling THE OCCUPATION OF PALESTINE
Funded: £2.9BN
PALESTINE OCCUPATION
IBM is a publicly traded multinational technology corporation based in the U.S. and one of the world’s largest software, IT infrastructure, and consulting companies. Since 2019 key IBM has designed and operated the Eitan System of the Israeli Population, Immigration and Border Authority, which replaces the previous Aviv system managed by HPE and DXC Technologies. The Registry includes data on all Palestinians with Israeli citizenship, occupied East Jerusalem non-citizen residents, and Palestinians in the West Bank and Gaza. The Eitan system also documents the crossings under Israeli control, including the Allenby Bridge Crossing, the only entry and exit point for Palestinians residing in the West Bank via Jordan; and the Erez checkpoint with Gaza.
Norwegian asset manager Storebrand Group decided in the first quarter of 2024 to put IBM on its exclusion list, arguing that “[t]he database and the ID system it powers normalize the situation of citizens of Israel in illegal settlements and is the backbone of the regime of segregation implemented by Israel, which discriminates against Palestinians and hinders their movement. Therefore, the database facilitates the fragmentation of Palestinian society; determines the legal jurisdiction that Palestinians fall under (civilian vs. military law); and restricts their participation in the political system (who can vote and be elected), where they can live, work, and travel, and their access to government services. The Special Rapporteur for the Occupied Palestinian Territory has categorised this regime as a state of apartheid, which is classified as a crime against humanity.”.
IBM’s remaining contract for the maintenance of the Aviv and Eitan systems had a value of EUR 96 million) as of December 31, 2023, and is expected to end in 2035. IBM Israel and its subsidiary Red Hat Israel also provide various IT services to the Israeli military.
Funded: £1.8BN
gaza genocide
PALESTINE OCCUPATION
Caterpillar Inc. is a U.S.-based multinational manufacturer and provider of civil and military engineering machinery. Caterpillar is the world’s largest manufacturer of construction and mining equipment. The company operates in three sectors: resource industries, construction industries and power systems.
Caterpillar is a long-standing supplier of the Israeli military and provides it with a variety of heavy engineering machinery, including different wheel loaders, armored excavators, mini loaders and several models from the D9 armored bulldozer series (D9R, D9N, D9L and D9T).
Caterpillar machinery has been widely used for house demolition and settlement construction in the occupied Palestinian territory, as well as for the construction of the Separation Wall in the occupied West Bank and the barrier surrounding besieged Gaza. Fitted D9 Caterpillar bulldozers are extensively used by the Israeli military to accompany military forces during invasions and military arrests in the occupied West Bank and Gaza.
D9 Caterpillar bulldozers have demolished thousands of homes in Gaza since the latest conflict started in 2023. They have caused massive damage and made large parts of Gaza uninhabitable.
Funded: £0.9BN
PALESTINE OCCUPATION
MAN Group is a German multinational company and a leading supplier of commercial vehicles and transport solutions in Europe. As reported by Who Profits, the company supplies the chassis for the car that carries the “Skunk”. This non-lethal crowd control weapon made by Odortec has been widely used by Israeli forces in the occupied West Bank, East Jerusalem, and within the Green Line against Palestinians in demonstrations and as a punitive measure. It spreads a stench that attaches to bodies and objects for considerable periods.
MAN Group also supplies chassis for buses to Egged Group, an Israeli bus company that operates bus lines to settlements in the occupied West Bank and East Jerusalem.