The scope of this year’s report has been expanded in line with the changed legal reality established by the International Court of Justice (ICJ) and other bodies. In its July 2024 advisory opinion, the ICJ declared Israel’s presence in the occupied Palestinian territory wholly unlawful and in violation of fundamental principles of international law, calling on third party states to take measures to prevent any trade or investment relations that assist in the maintenance of the illegal situation.

The ICJ had previously issued provisional measures in South Africa’s case against Israel in January 2024, warning that Israel’s acts in Gaza could plausibly amount to genocide; later, a UN Commission of Inquiry investigation in September 2025 affirmed that Israel’s acts in Gaza constituted genocide.

In line with the ICJ’s findings, this year’s report no longer limits its scope to companies that assist in maintaining the illegal settlement enterprise in the West Bank, but also examines companies linked to Israel’s broader violations of international law in the OPT, including the commission of acts that amount to genocide, occupation, and apartheid.

The expanded scope of the report means that 104 companies are identified as assisting in the maintenance of the illegal situation, compared to 58 companies in the 2024 report. Companies added to the company list include Amazon (provision of computing power and AI tools used during the genocide in Gaza), Boeing (provision of military equipment, bombs and guidance kits during the genocide) and Cellebrite DI (data harvesting).

These companies join others with a long history of involvement in activities deemed to help sustain the occupation, such as Airbnb (marketing overnight stays in illegal settlements), Bank Hapoalim (financing for settlement construction and expansion) and CAF (operation and maintenance of Jerusalem Light Rail, connecting illegal settlements with Israel).

“Too few financial institutions are doing the heightened human rights due diligence that is expected of them in high-risk and conflict areas. There are notable exceptions, but the overwhelmingly majority either fail to do the due diligence or else turn a blind eye to the fact that they are helping to prolong an illegality that has gone on for almost 60 years. If financial institutions don’t act, they are in effect actively contributing to the problem,” said Eva Gerritse of PAX in the Netherlands.

Despite a ceasefire, Gaza remains a deadly place for Palestinians. Almost 300 Palestinians have been killed by Israel since the ceasefire came into force. In the West Bank, the Israeli army continues to forcibly displace remote Palestinian communities, while illegal settlers attacked Palestinians 260 times in October, according to the UN - more than any other month since 2006.

“Companies should be doing everything they can to avoid sustaining these crimes, and, until they do that, financial institutions should be doing everything within their power to exert influence on companies to address their complicity and, failing that, see to it that they no longer provide them with credit or investment,” said Max Hammer of BankTrack.
 
Download the full DBIO 2025 report here: dontbuyintooccupation.org