HEADQUARTERS
London, United Kingdom
total assets
$849.7 billion (£636 billion)
largest shareholders
Temasek Holdings (Private) Limited (18.67%)
Capital Research & Management Co. (6.64%)
Dodge & Cox (6.28%)
Schroder Investment Management Ltd (3.32%)
BlackRock Investment Management (UK) Ltd. (3.32%)
Norges Bank Investment Management (3.02%)
The Vanguard Group Inc (2.51%)
BlackRock Fund Advisors (1.86%)
Fidelity Management & Research Co. LLC (1.79%)
Royal London Asset Management Ltd (1.63%)
operations
Global; primary influence in Asia, Africa and Middle East, no consumer banking in UK
publicly traded
YES
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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£30,318,312,000
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£933,282,000
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£6,820,800,000
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£2,081,600,000
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£299,000,000
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#3 for fossil fuel financing in the UK
Financed natural gas expansion in Mozambique in 2021 Co-financed the production of 4 coal-fired power plants in the Philippines |
Top 20 European creditors that provided loans to arms companies complicit in the genocide in Gaza
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Provided loans to many companies involved in illegal Israeli settlements in occupied Palestinian territories
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Provided over £2 billion worth of loans to companies involved in nuclear weapions
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Provided loans to companies involved in migrant abuse
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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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EQUINOR
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£444m
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TOTAL
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£794m
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GLENCORE
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£390m
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BP
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£522m
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SIEMENS
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£284m
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BOEING
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£438m
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ROLLS-ROYCE
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£538m
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HONEYWELL
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£453m
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CATERPILLAR
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£720m
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VOLVO
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£255m
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AIRBUS
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£114m
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FLUOR
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£185m
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Fossil fuel companies bankrolling the climate crisis
Funded: £444m
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: £390m
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: £794m
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: £522m
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.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £438M
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: £453m
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: £538M
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.
Companies bankrolling MIGRANT ABUSE
Funded: £114M
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: £185M
migrant abuse
controversial weapons
Fluor is a holding company providing engineering and construction services, founded in California, 1912. It is one of the companies involved in the management of Pantex Plant, which is responsible for the building and maintenance of the nation’s nuclear weapons stockpile. It is a subcontractor in Los Alamos National Laboratory (LANL), from where nuclear bombs originated. As of late, LANL is increasing its productive capacity for plutonium to build more nuclear cores, which are necessary component in the development of nuclear weapons.
Fluor is also involved in migrant abuse cases. As a large military contractor, they recruit and transfer migrant workers from the Middle East and elsewhere. As noted by the Business and Human Rights Resource Centre, Filipino migrants were stranded in Dubai after logistical failures on the company’s behalf in 2011. In 2003, Fluor also faced a $1 billion claim against them for discrimination and repression towards former South African workers during apartheid.
Fluor was also involved in a lawsuit against them due to their alleged negligence around a suicide bombing which led to six deaths and 17 injuries in Afghanistan.
Companies bankrolling the Occupation of Palestine
Funded: £720M
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: £255m
palestine occupation
Volvo Group is a Swedish multinational company which manufactures trucks, buses, construction equipment, and marine and industrial engines. Since 2020, Al-Haq reported several instances of Volvo bulldozers being used during unlawful demolitions of Palestinian structures including residential buildings and water structures. In June 2022, Volvo machinery was reportedly used in the raiding and demolishing of residential tents and animal shacks in Al-Fakheet and Al-Markez villages, after the Israeli Supreme Court had ruled in favour of the expulsion of eight villages in the region of Masafer Yatta in May 2022. Volvo heavy-duty machines were also used in 2023 in home demolitions in Palestinian neighbourhoods in the occupied West Bank and East Jerusalem.
Volvo’s importer and distributor in Israel is Mayer Cars and Trucks Ltd, including for bus chassis. Volvo Bus Corporation (26.5%) and Mayer jointly own Merkavim. Merkavim uses Volvo chassis for its armoured Mars buses that are used in services to Israeli settlements. Mayer and Merkavim are included in the updated UN Database (June 2023).