The 30 Corporations Targeted For Divestment
The corporations are broken into two groups: those on the United Nations list of corporations operating in Israeli settlements in the West Bank and those involved in the manufacture of weapons and military surveillance technology. The amounts listed are in CAD and are based on the most recent available data. The data is sourced from the UBCIM holding report.
Corporations on UN Settlements List
On February 12, 2020, the Office of the United Nations High Commissioner for Human Rights (OHCHR) published a list of enterprises contributing to the provision of services and utilities supporting the maintenance and existence of illegal settlements in occupied Palestinian and Syrian territories, namely the West Bank, East Jerusalem, and the Syrian Golan. The rigorously-researched United Nations Human Rights Council report found these corporations to be involved in activities that "raised particular human rights concerns. The following 13 corporations come from the OHCHR list.
Read about each corporation in detail in our divestment dossier (.pdf) drafted by GS4P.
Booking Holdings
$8,782,500An investigation by The Centre for Research on Multinational Corporations (SOMO) revealed 70 Booking listings on Occupied Palestinian Territories between 2021 and 2023. A previous Amnesty International report from 2018 found that Booking listed 45 properties in illegal settlements in occupied East Jerusalem, the occupied West Bank, and the occupied Syrian Golan.
As 11 of these properties are hotels with more than 50 rooms, Amnesty concluded that Booking is “likely to be responsible for more visitors to settlements than Airbnb” and other tourism companies and is likely to “make a greater contribution to settlement economies.” The properties are erroneously listed as locations in “Israel” despite being situated on internationally-recognized occupied Palestinian and Syrian lands.
Expedia Group
$337,199Expedia’s listings promote and sustain the international tourism industry in illegal settlements and make settlements more profitable, facilitating the illegal transfer of settlers to Occupied Palestine while Palestinians are denied their Right of Return and Right to Reparations for stolen property under United Nations Resolution 194.
Motorola Solutions Inc.
$292,812Motorola has provided the MotoEagle Wide Area Surveillance System to maintain military checkpoints, the illegal Apartheid Wall enclosing the occupied West Bank, and the apartheid wall surrounding Gaza.
Israel Discount Bank
$222,383Israeli Discount Bank provides mortgages to settlers to build and/or purchase properties in illegal settlements and gives loans to businesses operating in illegal settlements on occupied Palestinian lands.
First International Bank of Israel
$139,216FIBI has financed the construction of hundreds of housing units in illegal settlements throughout the occupied West Bank and occupied East Jerusalem, including 300 housing units in the illegal Ariel settlement; 100 housing units in the illegal Gilo settlement; and 90 housing units in the illegal Beitar Illit settlement in the occupied West Bank.
Airbnb
$117,881Human Rights Watch has documented at least one Airbnb property listed by settlers on privately-owned Palestinian land occupied by the illegal settlement of Ofra. The Palestinian landowners are barred entry to settlements and, therefore, cannot access the property.
Bank Hapoalim BM
$87,381Bank Hapoalim has financed the construction of infrastructure to expand illegal settlements in the occupied West Bank, including water infrastructure and road resurfacing in Area C, and Mehola and Beka'ot settlements in the occupied Jordan Valley.
Rami Levi Chain Stores Hashikma Marketing
$45,874The company operates supermarkets in illegal settlements throughout the occupied West Bank and occupied East Jerusalem, including a mall in the illegal Ariel settlement.
Bezeq Israeli Telecommunications Corp Ltd.
$9,369OHCHR Database confirmed Bezeq’s involvement in The provision of services and utilities supporting the maintenance and existence of settlements, including transport; and the use of natural resources, in particular water and land, for business purposes.
Bank Leumi Le-Israel
$7,999Leumi has financed the construction of infrastructure to expand illegal settlements in occupied East Jerusalem and West Bank, including road projects in the illegal Neve Ya'akov's settlement and road paving and development in the illegal Givat Ze'ev settlement.
Alstom SA
$6,526Alstom has directly participated in the construction, maintenance, and operation of the Jerusalem Light Rail’s Red Line project on occupied Palestinian land. The ongoing expansion of the rail project will connect illegal settlements in occupied East Jerusalem to the west of the city and further expropriate and fragment Palestinian land.
Mizrahi Tefahot Bank
$3,223Mizrahi Tefahot Bank has provided business loans for companies that are directly and clearly involved in the occupation and have their primary facilities in illegal settlements in the occupied West Bank, including Abadi Bakery (Atarot) and Top Greenhouses (Ariel West).
eDreams ODIGEO SA
$603eDreams’s activities in illegal settlements contribute to violations of the International Covenant of Civil and Political Rights (ICCPR); the International Covenant on Economic, Social and Cultural Rights (ICESCR); the Hague Regulations; and the Fourth Geneva Convention, which prohibit pillage by occupying forces and protect all people.
Weapons and Surveillance Corporations
The following corporations facilitate and profit from war crimes and human rights violations across the globe, including, but not limited to, ecocide in Lebanon; the displacement and dispossession of the Indigenous Tohono O'odham people, indiscriminate violence against civilians in Yemen, Afghanistan, Iraq, and Somalia; the European Union's policing of people crossing the Mediterranean to seek asylum; and the illegal suppression of protest and dissent in Chile and the Philippines.
Airbus SE
$6,566,283Airbus and Israel Aerospace Industries (IAI) partnered in 2018 to supply the Heron TP attack drones (also known as Eitan). These drones have not only been used to murder Palestinians but also to weaponize Europe’s borders against refugees.
General Electric Co.
$4,174,336One of the world's largest weapons companies, General Electric manufactures engines for multiple weapon systems that are routinely used in war crimes against Palestinian civilians and infrastructure for a power plant in the occupied Syrian Golan.
Safran SA
$3,256,316Safran, a French arms company, is directly tied to Israel’s weapons industry through contracts with Rafael , one of Israel’s largest arms manufacturers. These partnerships help fund and legitimize a military apparatus that profits from ongoing violence and occupation.
Cisco Systems Inc.
$1,656,286Cisco’s networking, hardware, and servers power Israel’s surveillance and AI systems. These systems include Blue Wolf, Red Wolf, Lavender AI, Where is Daddy?, and The Gospel, and collectively track movements, map family connections, and facilitate mass surveillance and targeting of Palestinians. Read source.
Lockheed Martin Corp.
$832,578The world’s largest military company, Lockheed Martin manufactures weapons that are routinely used by the Israeli military against Palestinian civilians, as well as reconnaissance aircraft that are used by US immigration authorities to monitor the US–Mexico border. Read source.
Boeing Co.
$521,816Boeing has consistently supplied Israel in its indiscriminate attacks on Palestine. Read more in our post on Boeing.
General Dynamics Corp.
$197,271General Dynamics supplies the Israeli military with a wide variety of weapons, including various bombs. The company's technologies are also integrated into Israel's main weapon systems, including fighter jets and armored combat vehicles. Read source.
Rolls-Royce Holdings PLC
$124,858Rolls-Royce Holdings is the world's 25th largest weapons manufacturer. It is no longer associated with Rolls-Royce cars, which have been manufactured by BMW since 1998. Read source.
RTX Corp (Raytheon)
$99,607The world's second-largest military company, formerly known as Raytheon Technologies. It makes missiles, bombs, components for fighter jets, and other weapon that have been repeatedly used against Palestinian civilians, resulting in numerous casualties as well as mass destruction of homes and civilian infrastructure, including hospitals, schools, and water and electric systems. Read source.
BAE Systems PLC
$90,852BAE Systems supplies the Israeli military with a wide variety of weapons, including components for combat aircraft, munitions, missile launching kits, and armored vehicles. BAE technologies are also integrated into Israel's main weapon systems, including fighter jets, drones, and warships. These weapons are often gifted to Israel through the U.S. government's Foreign Military Financing program. Read source.
Caterpillar
$88,624The Caterpillar D9 armored bulldozer has been used by the Israeli military Combat Engineering Corps to demolish houses with Palestinian families still inside of them and to facilitate military attacks on refugee camps, through the destruction of roads, electricity, and water networks. Read source.
Northrop Grumman Corp.
$45,844Northrop Grumman is the world’s third-largest military company. Between 2018 and 2021, Northrop Grumman helped build one of the world’s largest biometric surveillance systems, HART, for the U.S. government. The system raises serious concerns about racial profiling, privacy violations, and tracking political and religious activity. Read source.
L3Harris Technologies Inc.
$25,389L3Harris components are integrated into multiple weapon systems used by the Israeli military, including Israel’s air-to-ground bombs as well as its main warplanes, battle tanks, and warships. Read source.
Thales SA
$22,765Thales is a French arms company which supplied electronic components for Israeli drones used to bomb civilians in Gaza. Read source.
Textron
$10,506Textron profits from building parts for U.S. nuclear weapons, including the Minuteman III and the Sentinel ICBM. Investing in Textron means supporting the ongoing production of weapons of mass destruction. Read source.
Rheinmetall AG
$7,959Rheinmetall AG is one of the world’s largest suppliers of large calibre weapons and was linked to deadly Saudi airstrikes in Yemen. Read source.
Elbit Systems Ltd.
$3,820Euro-Med Human Rights Monitor documented Israeli forces’ use of quadcopter drones involved in a ‘Flour Massacre’ in Gaza on January 11, 2024; the drones fired at displaced civilians waiting for food aid from UN trucks on Al-Rashid Street, killing at least fifty Palestinian civilians.
Read more about Elbit in our Elbit Systems Dossier (.pdf) by GS4P.