Unlisted Entities
Apart from 129+ publicly listed companies known for operating in Israel, we also identified at least 48 companies, entities and universities that are visibly pro-Zionist.
To view full evidence supporting our rationale, click here.
Important point to note
The list of companies include at least 17 non-listed and privately held companies and entities either actively operating in Israel or in Europe, the United States. It also includes universities, asset managers and pension funds. In addition, we have included names of at least 13 companies from United Arab Emirates (UAE), owned by the UAE government, a pro Zionist Muslim country.
Commentary
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Tools, Downloads, and Frequently Asked Questions
Access downloadable data charts, methodology notes, and answers to common questions about how the Complicity Index is compiled and maintained.
| Entity | Why BDS? | Source | Sector |
|---|---|---|---|
| Carbyne | NON-LISTED: Carbyne (an AI-based emergency response and emergency services call management platform) has been subject to BDS-linked boycotts and divestment campaigns. | https://www.surveillancewatch.io/entities/carbyne | Tech |
| Hadiklaim (Palestine Growers Export Corporation) | NON-LISTED: Hadiklaim (the Israel Date Growers Cooperative) is a primary target of the BDS movement, because its dates are heavily sourced from illegal Israeli settlements in the occupied West Bank and Jordan Valley | https://www.instagram.com/reel/DU8bZqmCC0Z/?hl=en | Food |
| Home in Israel (franchies of Keller Williams Realty LLC) | NON-LISTED: Global real estate group, Keller Williams Realty LLC, through its Israeli franchisee KW Israel , has had branches based in the colonies. In March 2024, Keller Williams, via another franchisee, Home in Israel, ran a real estate roadshow in the US and Canada, co-sponsored by several companies developing and marketing thousands of apartments in colonies. | Construction | |
| IMI Systems | NON-LISTED: The BDS movement actively targets IMI Systems (a major ammunition producer and subsidiary of Elbit Systems) as a key weapons supplier to the Israeli military. | https://bdsmovement.net/NorthStandard-Insuring-Two-Vessels-Carrying-Over-2000-Tonnes-Military-Material | Defence |
| Israel Aerospace Industries (IAI) | NON-LISTED: Between 2020 and 2024, Israel was the eighth largest arms exporter worldwide. The two most prominent Israeli weapons companies – Elbit Systems, established as a public-private partnership and later privatized, and state-owned Israel Aerospace Industries (IAI) – are among the top 50 arms manufacturers globally. Elbit and IAI provide a critical domestic supply of weaponry, and reinforce Israel’s military alliances through arms exports and joint development of military technology. | https://law4palestine.org/wp-content/uploads/2025/08/Database-of-Companies-Named-in-the-UN-Special-Rapporteurs-Report-on-the-Economy-of-Occupation-and-Genocide.pdf | Defence |
| Mekorot (Israel National Water Co.) | NON-LISTED: The Israeli national water company Mekorot often, runs its Gaza pipelines at 22 per cent capacity, leaving areas without water 95 per cent of the time, actively aiding the transformation of water into a tool of genocide. | https://law4palestine.org/wp-content/uploads/2025/08/Database-of-Companies-Named-in-the-UN-Special-Rapporteurs-Report-on-the-Economy-of-Occupation-and-Genocide.pdf | Utility |
| NSO Group | NON-LISTED: Israeli tech firms often grow out of military infrastructure and strategy, as did NSO Group, founded by ex-Unit 8200 members. Its Pegasus spyware, designed for covert smartphone surveillance, has been used against Palestinian activists and licensed globally to target leaders, journalists and human rights defenders. Exported under the Defense Export Control Law, NSO group surveillance technology enables “spyware diplomacy” while reinforcing state impunity.” | Defence | |
| Aldi; Albrecht Discounts | NON-LISTED: Despite customer-led protests, Aldi has continued to stock Israeli agricultural goods | Gemini AI | Supermarket |
| AnyVision | NON-LISTED: The BDS National Committee calls for a boycott of AnyVision (now known as Oosto) due to the company’s facial recognition technology being used for surveillance and racial profiling of Palestinians in the occupied West Bank | https://bdsmovement.net/news/boycott-anyvision-israels-field-tested-facial-recognition-surveillance-company | Tech |
| Chanel; The Wertheimer family | NON-LISTED: Alain Wertheimer, one of Chanel ‘s owners, condemned the initial attacks on Israel but remained silent on the humanitarian crisis in Gaza. The company also reportedly pledged a significant donation in Chanel’s name to support Israeli efforts. | Gemini AI | Fashion |
| Ferrero Rocher; Ferrero family | NON-LISTED: Ferroro maintains an active corporate office in Holon, Israel | Gemini AI | Food |
| Ikea | NON-LISTED: IKEA operates up to 7 stores in Israel and discriminates by delivering to settlements in the West Bank but not to Palestinian areas | Gemini AI | Home Products |
| JCB (J.C. Bamford Excavators) | NON-LISTED: JCB (J.C. Bamford Excavators) has been targeted by British NGOs, Palestine solidarity groups, and Amnesty International | https://ngo-monitor.org/reports/boycott-campaigns-against-jcb/ | Construction |
| Keller Williams Realty LLC | NON-LISTED: Global real estate group, Keller Williams Realty LLC, through its Israeli franchisee KW Israel , has had branches based in the colonies. In March 2024, Keller Williams, via another franchisee, Home in Israel, ran a real estate roadshow in the US and Canada, co-sponsored by several companies developing and marketing thousands of apartments in colonies. | Construction | |
| River Island; Bernard Lewis | NON-LISTED: River Island is owned by the Lewis family, which reportedly relies on sourcing materials from textile suppliers linked to Israel. They also own Isrotel, a major hotel chain operating in Israel | Gemini AI | Fashion |
| Snickers, Mars, Twix; Mars, Incorporated Family | NON-LISTED: Mars, Incorporated is alleged to have corporate investments in Israel’s food-tech startup scene via its venture capital partners, such as JVP, and academic collaborations with Israeli institutions | Gemini AI | Food |
| X.com; Elon Musk | NON-LISTED: Elon Musk’s closer ties with Israeli leadership, including his visit to Israel, deployment of Tesla self-driving technology, and hosting of Israeli Prime Minister Benjamin Netanyahu | Gemini AI | Tech |
| UAE Brand: Abu Dhabi Commercial Bank | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Banking |
| UAE Brand: AirArabia | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Tourism |
| UAE Brand: Aramax | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Logistics |
| UAE Brand: DP World Karachi; (& DP World East Java, Indonesia in 2022) | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Ports |
| UAE Brand: Dubai Islamic Bank | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Banking |
| UAE Brand: Emaar Group (Hotels & Real Estate) | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Tourism |
| UAE Brand: Emirates Airlines | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Tourism |
| UAE Brand: Emirates NBD | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Banking |
| UAE Brand: Etihad Airlines | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Tourism |
| UAE Brand: First Abu Dhabi Bank | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Banking |
| UAE Brand: Fly Dubai | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Tourism |
| UAE Brand: Jumeirah (Hotels in ME, Europe & Asia) | Majority-owned by UAE government, pro Zionist Muslim country | Gemini AI | Tourism |
| UAE Brand: Rotana Hotels (Hotels in ME, Africa, Eastern Europe & Turkey) | Private-sector company from UAE | Gemini AI | Tourism |
| Ben Gurion University | One of many British examples, the University of Edinburgh holds nearly £25.5 million ($31.72 million) (2.5 per cent of its endowment) in four tech giants Alphabet, Amazon, Microsoft and IBM – central to Israel’s surveillance apparatus and the ongoing Gaza destruction. With both direct and indexed investments, it ranks among the UK’s most financially entangled institutions. The University also partners with firms aiding Israeli military operations, including Leonardo S.p.A. and Ben Gurion University via an Al and Data Science Lab, sharing research that directly links it with assaults on Palestinians. | University | |
| Hebrew University of Jerusalem | The Hebrew University of Jerusalem (HUJI) faces targeted academic boycotts driven by the BDS movement, largely due to its alleged ties to the Israeli military and its campus footprint on contested land in East Jerusalem | https://bdsmovement.net/news/campaign-boycott-oral-history-conference-hebrew-university-jerusalem | University |
| Massachusettes Institute of Technology | Drones, hexacopters and quadcopters have also been omnipresent killing machines in the skies of Gaza. Drones largely developed and supplied by Elbit Systems and IAI have long flown alongside these fighter jets, surveilling Palestinians and delivering target intelligence. In the last two decades, with support from these companies and collaborations with institutions like Massachusetts Institute of Technology (MIT), Israel’s drones acquired automated weapons systems and the ability to fly in swarm formation. | University | |
| Technical University of Munich | IBM is identified by the BDS movement as one of the major technology companies enabling Israel’s AI-powered genocide in Gaza, named explicitly alongside Google, Amazon, Microsoft, and Palantir as companies providing computing systems and surveillance technologies that accelerate Israel’s military operations and automate its apartheid regime in the West Bank. IBM has operated in Israel since 1972, training military/intelligence personnel – especially from Unit 8200 – for the tech sector and start-up scene. The Technical University of Munich (TUM) partners with IBM Israel – which runs the discriminatory Israeli Population Registry – on cloud and Al systems, as part of IBM Israel’s €7.02 million ($7.71 million) EC Horizon funding. It is near impossible to disentangle the expertise Israeli partners contribute to these partnerships from that gained and used in violations to which they are connected. | University | |
| Technion – Israel Institute of Technology | The Technion – Israel Institute of Technology is a primary target of the BDS movement, due to the university’s institutional ties with the Israeli military, defense contractors | https://bdsmovement.net/news/mcgill-and-concordia-must-boycott-technion | University |
| Tel Aviv University | The BDS movement, calls for a comprehensive academic boycott of Tel Aviv University (TAU), given its complicity in the Israeli military, occupation, and policies in the Palestinian territories | https://bdsmovement.net/news/soas-palestine-society-report-tel-aviv-university-part-and-parcel-israeli-occupation | University |
| University of Edinburgh | One of many British examples, the University of Edinburgh holds nearly £25.5 million ($31.72 million) (2.5 per cent of its endowment) in four tech giants Alphabet, Amazon, Microsoft and IBM – central to Israel’s surveillance apparatus and the ongoing Gaza destruction. With both direct and indexed investments, it ranks among the UK’s most financially entangled institutions. The University also partners with firms aiding Israeli military operations, including Leonardo S.p.A. and Ben Gurion University via an Al and Data Science Lab, sharing research that directly links it with assaults on Palestinians. | University | |
| Christian Friends of Israeli Communities | United States-based Christian Friends of Israeli Communities, Dutch Christians for Israel and global affiliates, sent over $12.25 million in 2023 to various projects that support colonies, including some that train extremist settlers. | Fund | |
| Development Corporation for Israel | The Development Corporation for Israel (DCI) (i.e., Israel Bonds) provides a bond solicitation service for the Israeli government for overseas private individuals and other investors. DCI tripled its annual bond sales to funnel nearly $5 billion to Israel since October 2023, while offering investors the option of sending the return on bond investments into charitable organizations supporting the Israeli military and the colonies. | Fund | |
| Dutch Christians for Israel | United States-based Christian Friends of Israeli Communities, Dutch Christians for Israel and global affiliates, sent over $12.25 million in 2023 to various projects that support colonies, including some that train extremist settlers. | Fund | |
| Israel Gives | Since October 2023, platforms such as Israel Gives have enabled tax-deductible crowdfunding in 32 countries for Israeli military units and settlers. | Fund | |
| Jewish National Fund | Self-explanatory: The Jewish National Fund (KKL-JNF) and its 20+ affiliates fund settler expansion and military-linked projects. | Fund | |
| Caisse de Dépôt et Placement du Québec | The Caisse de Dépôt et Placement du Québec, which manages CA$473.3 billion ($328.9 billion) in pension funds of six million Canadians, has almost CA$9.6 billion in investments in Israel | Pension Fund | |
| European Commission (EC)’s Horizon Europe | The European Commission (EC)’s Horizon Europe programme actively facilitates collaboration with Israeli institutions, including those complicit in apartheid and genocide. Since 2014, the EC has granted over €2.12 billion ($2.4 billion) to Israeli entities, including the Ministry of Defense, while European academic institutions both benefit from and reinforce this entanglement. | Sovereign Fund | |
| Government Pension Fund Global | The world’s largest sovereign wealth fund, the Norwegian Government Pension Fund Global (GPFG), claims it has the “world’s most comprehensive ethical guidelines”. Yet after October 2023, GPFG increased its investment in Israeli companies by 32 per cent to $1.9 billion. By the end of 2024, the GPFG had $121.5 billion (6.9 per cent of its total value) invested in companies named in this report alone. | Pension Fund | |
| iShares (subsidary of Blackrock) | Blackrock (and its subsidiary, iShares) and Vanguard are among the largest institutional investors in many companies, holding these shares for distribution among their indexes of mutual funds and electronically traded funds (ETFs). | Asset Management | |
| PIMCO | Asset management firms including Blackrock ($68 million), Vanguard ($546 million) and Allianz’s asset management subsidiary PIMCO ($960 million) – are among at least 400 investors from 36 countries who trade Israeli debt and equity | Asset Management | |
| Vanguard | Asset management firms including Blackrock ($68 million), Vanguard ($546 million) and Allianz’s asset management subsidiary PIMCO ($960 million) – are among at least 400 investors from 36 countries who trade Israeli debt and equity |
