Don’t Buy Into Occupation, report
September 28, 2021
Exposing the financial flows into illegal Israeli settlements
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The “Don’t Buy into Occupation” (DBIO) coalition is a joint initiative between 25 Palestinian, regional and European organisations based in Belgium, France, Ireland, the Netherlands, Norway, Spain and the United Kingdom (UK). The coalition aims to investigate and highlight the financial relationships between business enterprises involved in the illegal Israeli settlement enterprise in the Occupied Palestinian Territory (OPT) and European Financial Institutions (FIs).
• New research by a cross-regional coalition of 25 Palestinian and European organisations shows that, between 2018 and May 2021, 672 European financial institutions, including banks, asset managers, insurance companies, and pension funds, had financial relationships with 50 businesses that are actively involved with Israeli settlements.
• During the analysed period, US$ 114 billion was provided in the form of loans and underwritings. As of May 2021, European investors also held US$ 141 billion in shares and bonds of these companies.
• The 50 companies for which this research found financial relationships with European financial institutions, are involved in one or more of the ‘listed activities’ that raise particular human rights concerns, which constitute the basis for inclusion in the UN database of business enterprises that are involved in Israeli settlements, which was published in February 2020.
See also the Dutch Country Brief