A coalition of 24 European and Palestinian organizations and trade unions has released a new report revealing extensive financial links between major European institutions and 104 companies accused of contributing to "Israel’s" war on Gaza.

Titled “The Private Actors behind the Economy of Occupation and Genocide,” the Don’t Buy Into Occupation Coalition (DBIO) report identifies 104 corporations operating across several sectors deemed complicit in the assault on the Gaza Strip.

New DBIO report finds European financial sector is directly funding companies implicated in Israel’s genocide, apartheid and illegal occupation.

Between January 2023 and August 2025, over 1,000 European financial institutions and investors funded 104 companies complicit in… pic.twitter.com/RdzZ6zLfuH

— BDS movement (@BDSmovement) November 25, 2025

These include firms tied to the military and security industries, technology, resource extraction, construction, demolition, financial services, and other activities that support "Israel’s" presence in the occupied Palestinian territory, including the eastern part of al-Quds.

The report also highlights companies considered priority targets for the BDS movement, noting their roles in supplying critical components and technologies used in "Israel’s" genocide in Gaza.

Among the companies named are high-profile brands and major international firms, Airbnb, Amazon, AXA, Booking.com, CAF, Carrefour, Chevron, Lockheed Martin, BAE Systems, Caterpillar, CISCO, Coca-Cola, DELL, Expedia, Google, HPE, Intel, Microsoft, and RE/MAX. DBIO classifies many of these as key BDS divestment priorities because of their involvement in sectors deemed central to sustaining "Israel’s" actions in Gaza.

Billions in European financing tracked

The coalition’s findings show that 1,115 European financial institutions, including major banks, investment firms, pension funds, insurers, and the European Investment Bank, maintain large-scale financial ties with these companies.

Leading creditor banks cited for financing firms linked to the Gaza campaign include BNP Paribas, Deutsche Bank, and Barclays.

According to the report, European institutions supplied more than $310 billion in loans and underwriting services to implicated companies between January 2023 and August 2025. As of August 31, 2025, European investors also held over $1.5 trillion in shares and bonds across these businesses.

“This report leaves no doubt, European financial institutions and investors have been funding dozens of corporations that are directly enabling Israel’s illegal occupation, apartheid, and genocide against Indigenous Palestinians,” DBIO said.

The coalition added that “without this, Israel wouldn’t be able to sustain its regime of oppression,” arguing that European actors are violating both their human rights responsibilities and their legal obligations under international law.

'Israel' still committing genocide in Gaza despite ceasefire: Amnesty

Earlier today, Amnesty International said that more than a month after the ceasefire was declared and all surviving Israeli captives were released, Israeli authorities are still carrying out acts of genocide against Palestinians in the Gaza Strip. 

According to the organization, "Israel" continues to deliberately impose conditions of life intended to bring about the physical destruction of Palestinians, with no indication of a change in intent.

In a briefing published today, Amnesty offers a legal analysis of what it says is an ongoing genocide, reinforced by testimonies from residents, medical workers, and humanitarian teams describing the continuing humanitarian catastrophe across Gaza.

“The ceasefire risks creating a dangerous illusion that life in Gaza is returning to normal. But while Israeli authorities and forces have reduced the scale of their attacks and allowed limited amounts of humanitarian aid into Gaza, the world must not be fooled. Israel’s genocide is not over,” said Agnès Callamard, Secretary General of Amnesty International.

Amnesty emphasized that despite a decrease in bombing and slight improvements in aid access, the underlying conditions Palestinians are being forced to endure have not meaningfully changed, and there is no evidence "Israel’s" intent has shifted.

In December 2024, Amnesty International released a detailed report concluding that "Israel" was committing genocide in Gaza. The organization argued that Israeli occupation forces had carried out three acts prohibited under the Genocide Convention, with the specific intent to destroy Palestinians in Gaza, including widespread killings, the infliction of serious physical or mental harm, and the deliberate creation of life-threatening conditions.

Today, Amnesty says those conditions persist, even if the scale of military operations has tapered somewhat.

‘No evidence Israel’s intent has changed’

“Israel has inflicted devastating harm on Palestinians in Gaza through its genocide, including two years of relentless bombardment and deliberate systematic starvation. So far, there is no indication that Israel is taking serious measures to reverse the deadly impact of its crimes and no evidence that its intent has changed. In fact, Israeli authorities are continuing their ruthless policies, restricting access to vital humanitarian aid and essential services, and deliberately imposing conditions calculated to physically destroy Palestinians in Gaza,” Callamard stressed.

Since the ceasefire took effect on October 9, at least 350 people, including 136 children, have been killed in Israeli attacks.

"Israel" also continues to severely restrict life-saving aid, including medical supplies and equipment needed to repair essential infrastructure. These actions, Amnesty notes, violate multiple International Court of Justice (ICJ) orders obligating "Israel" to ensure Palestinians have access to humanitarian supplies under the genocide case brought by South Africa.

In January 2024, the ICJ ruled that Palestinians’ rights under the Genocide Convention, specifically their right to survive, were “plausibly at risk.

Signs of weakening international pressure

According to Amnesty, global pressure on "Israel" appears to be softening. A recent UN resolution outlining "post-war governance for Gaza" contains no firm commitments to uphold human rights or ensure accountability. Germany recently cited the ceasefire when lifting a suspension on certain arms export licenses to "Israel" on November 24, and a scheduled vote on suspending the EU–"Israel" trade agreement was postponed.

“Now is not the time to ease pressure on the Israeli authorities. World leaders must demonstrate that they truly are committed to upholding their duty to prevent genocide and to ending the impunity that has fuelled decades of Israeli crimes across the Occupied Palestinian Territory. They must halt all arms transfers to Israel until Israel’s crimes under international law cease. They must press Israeli authorities to grant human rights monitors and journalists access to Gaza to ensure transparent reporting on the impact of Israel’s actions on conditions in Gaza,” said Agnès Callamard.

“Israeli officials responsible for orchestrating, overseeing, and materially committing genocide remain in power. Failing to demonstrate that they or their government will be held accountable effectively gives them free rein to continue the genocide and commit further human rights violations in Gaza and in the West Bank, including East Jerusalem,” Callamard added.

Furthermore, Callamard warned that the international community “cannot afford to be complacent” and urged states to sustain pressure on “Israel” to ensure unrestricted humanitarian access, lift the unlawful blockade, and put an end to its ongoing genocidal policies.

“Governments must act decisively, and companies must immediately suspend any activities that contribute to or are directly linked with Israel’s genocide,” she concluded.