HEADQUARTERS
London, UK
reach
Mostly commercial banking in the UK (some international current and saving accounts in a limited number of countries)
publicly traded
YES
largest shareholders
Harris Associates LP (5.6%)
BlackRock Investment Management (UK) Ltd. (4.1%)
The Bank of New York Mellon Corp. (Investment Management) (3.7%)
Norges Bank Investment Management (3.2%)
BlackRock Fund Advisors (3%)
The Vanguard Group, Inc. (2.8%)
Artisan Partners LP (2.5%)
Mondrian Investment Partners Ltd. (2.1%)
subsidiaries
Agricultural Mortgage Corporation
Bank of Scotland
Halifax
Scottish Widows
TSB
total assets
£906.7 billion
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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cont. weapons
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Migrant abuse
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£6.3 billion
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£1.66 billion
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£1.03 billion
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£2.3 billion
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£339 million
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Financed companies expanding fossil fuels with $2.1 billion between 2021 and 2024 Increased its financing of fossil fuel expansion by $572 million between 2023 and 2024 |
Provides over £1.6 billion in loans and underwriting to companies whose weapons, components and military technology are being used by Israel in its attacks on Palestinians
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Provides over £1 billion in loans and underwriting to companies complicit in the occupation of Palestine
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Provided over £2.3 billion in loans and underwriting services to nuclear-weapon companies between 2021 and 2023
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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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BP
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£398m
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BOEING
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£335m
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LOCKHEED MARTIN
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£367m
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ROLLS-ROYCE
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£466m
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ITHACA
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£173m
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AIRBUS
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£339m
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BAE SYSTEMS
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£73m
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GENERAL DYNAMICS
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£351m
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PERATON
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£97m
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CONOCO PHILLIPS
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£130m
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SIEMENS ENERGY
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£157m
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Fossil fuel companies bankrolling the climate crisis
Funded: £398m
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: £130m
Climate Crisis
ConocoPhillips, an American multinational energy corporation, stands as a major global player in oil and gas exploration and production, whose pursuit of fossil fuel interests often comes at a devastating environmental cost. Despite mounting climate crises, the company continues to push for expansive projects, most notably its Willow project in Alaska’s Western Arctic. This colossal oil venture, fiercely opposed by environmental groups and Indigenous communities, is set to unleash immense carbon emissions, directly undermining global efforts to combat climate change and threatening critical Arctic ecosystems.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £335m
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: £367m
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: £466m
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: £339m
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.
Funded: £73M
controversial weapons
gaza genocide
BAE Systems is the United Kingdom’s largest arms manufacturer and ranks as the sixth largest globally by revenue. The company is a critical partner in the F-35 Lightning II program and is responsible for approximately 15% of the aircraft’s components. BAE also holds four active military export licences to Israel, issued since 2021.
One of its most controversial products is the M109 howitzer, capable of firing 155mm shells, including white phosphorus rounds and described by BAE as achieving the “optimal balance between lethality… and reliability.”
Human rights groups have presented evidence that these BAE-supplied howitzers were unleashed by Israeli forces in Gaza, firing white phosphorus shells into densely populated civilian areas. This constitutes a flagrant war crime under international law, unleashing unspeakable suffering.
Furthermore, a United Nations investigation revealed BAE equipment was deployed in a January 2024 bombing in Gaza that struck a building housing international doctors, including a British surgeon. This incident illustrates how UK-produced weapons are being used to target UK civilians.
Case study: M109 Howitzers Firing White Phosphorus in Gaza
Human rights groups, including Amnesty International, have presented evidence that BAE-supplied M109 howitzers were unleashed by Israeli forces in Gaza in October 2023. The howitzers fired white phosphorus shells into densely populated areas of Gaza. This constitutes a flagrant war crime under international law, given white phosphorus’s incendiary nature, which burns at extreme temperatures and causes horrific, life-altering injuries. The British manufacturer’s direct contribution to this arsenal links it to the crime of genocide and breaches of international humanitarian law.
Any time that white phosphorus is used in crowded civilian areas, it poses a high risk of excruciating burns and lifelong suffering.
Funded: £351M
gaza genocide
CONTROVERSIAL WEAPONS
General Dynamics, a cornerstone of the global arms industry, stands as a primary architect of destruction, arming conflicts worldwide, including the genocidal campaign in Gaza. The company is a key supplier of devastating weaponry to Israel, notably the MK-84 bombs—weapons of immense destructive power notoriously unleashed in densely populated areas. By November 2023, over 500 such bombs, courtesy of General Dynamics, had reportedly been dropped in Northern Gaza.
Beyond its direct role in current atrocities, General Dynamics distinguishes itself through involvement in three categories of controversial weapons. It holds licences for depleted uranium, primarily for its M1 Abrams tank systems, and produces components that can facilitate the deployment of abhorrent white phosphorus munitions. Furthermore, the company is a critical subcontractor on the Sentinel programme, contributing to the chilling modernisation of nuclear weapons.
Case study: Jabalya Refugee Camp Bombing
On 31 October 2023, Israeli forces dropped US-made MK-84 bombs—manufactured by General Dynamics—on the densely populated Jabalya refugee camp in northern Gaza. The strike obliterated residential buildings and left a scene of devastation, with more than 120 people killed, the majority women and children, and hundreds more wounded or missing beneath the rubble. The attack, which Israel claimed targeted a Hamas commander, was widely condemned and is cited as a potential war crime, highlighting the lethal consequences of exporting powerful munitions to conflict zones.
I was waiting in line to buy bread when suddenly and without any prior warning seven to eight missiles fell. There were seven to eight huge holes in the ground, full of killed people, body parts all over the place, it felt like the end of the world.
Funded: £173m
gaza genocide
CLIMATE CRISIS
Ithaca Energy, a UK-based oil and gas firm, faces scrutiny over its ties to Israel and the genocide in Palestine, as well as its role in the controversial Rosebank oil field—the UK’s largest undeveloped fossil fuel project.
A majority stake in Ithaca is owned by the infamous Delek group, a conglomerate known for its close ties to the Israeli military. In 2023, Ithaca Energy channeled approximately $355 million out of its $400 million planned dividends to Delek Group – funds that may support Israel’s military atrocities. Delek has been blacklisted by the UN for operating in illegal West Bank settlements and supplying fuel to the Israeli military under a contract renewed in 2024 despite global outcry over Gaza. As IDF vehicles refuel at Delek stations en route to further violence, Ithaca’s North Sea oil profits help sustain this deadly cycle.
Ithaca’s environmental record is equally damning. It holds stakes in Rosebank # and the Cambo oil field, both fiercely opposed by climate activists for exacerbating ecological destruction. Grassroots resistance has scored key victories. In December 2024, a court halted Rosebank’s development over inadequate emissions assessments, dealing a blow to Ithaca’s plans.