As part of their public commitment, universities should:

1. Adopt an Investment Policy Statement with a commitment to divest from companies that consistently, knowingly, and directly enable or facilitate genocide, apartheid, or other war crimes and crimes against humanity.
2. Commit to a process with a reasonable timeline for implementing the new policy.
3. Report on the implementation periodically to a committee with student, faculty, and community representation.

An ethical Investment Policy Statement is an aspirational document, but it has an immediate impact on public opinion, decision makers, and the corporations highlighted. To implement it, universities should:

1. Sell direct investments in stocks or bonds of companies highlighted for divestment for their ongoing complicity in Israeli human rights violations.
2. Engage with investment managers to identify or create pooled funds that comply with the new policy.
3. Create a process to periodically review investments and better align them with the policy.

Apartheid free Webinar on Divestment
8/28/2024
Exploring divesting from apartheid
Hosted by Apartheid-Free Communities

Back to School Divestment Training
8/28/2024
Campus divestment 101
Hosted by the BDS National Committee

City Divestment Webinar
9/30/2024
City divestment 101
Hosted by the BDS National Committee

Download this list: PDF or spreadsheet.

*Companies marked with (*) are complicit specifically in the Gaza genocide.

Weapons Manufacturers

*BAE Systems PLC (LSE: BA.)
*Boeing Co (NYSE: BA)
Cadre Holdings Inc (NYSE: CDRE)
*Colt CZ Group SE (PSE: CZG)
*Elbit Systems Ltd (TASE & NASDAQ: ESLT)
Genasys Inc (NASDAQ: GNSS)
*General Dynamics Corp (NYSE: GD)
*General Electric Co (NYSE: GE)
*Honeywell International (NASDAQ: HON)
*L3Harris Technologies Inc (NYSE: LHX)
*Leonardo SpA (MIL: LDO)
*Lockheed Martin Corp (NYSE: LMT)
*Northrop Grumman Corp (NYSE: NOC)
*RENK Group AG (XMUN: R3NK)
*Rolls-Royce Holdings PLC (LSE: RR.)
*RTX Corp (NYSE: RTX)
Sturm Ruger & Co Inc (NYSE: RGR)
*Textron Inc (NYSE: TXT)
*thyssenkrupp AG (ETR: TKA)

Other US Companies

*Caterpillar Inc (NYSE: CAT)
Chevron Corp (NYSE: CVX)
Genie Energy Ltd (NYSE: GNE)
Motorola Solutions Inc (NYSE: MSI)
*Palantir Technologies Inc (NYSE: PLTR)
*Valero Energy Corp (NYSE: VLO) 

Other Non-Israeli Companies

Cemex SAB de CV (MEX: CEMEXCPO)
Alstom SA (PAR: ALO)
Fosun International Ltd (HKG: 656)
Heidelberg Materials AG (ETR: HEI)
Kardan NV (TASE: KRNV-M)
Primo Water Corp (TSX: PRMW)
Shunfeng International Clean Energy Ltd (HKG: 1165)

Other Israeli Companies

Alony-Hetz Properties & Investments Ltd (TASE: ALHE)
Amir Marketing & Investments In Agriculture Ltd (TASE: AMRK)
Ashtrom Group Ltd (TASE: ASHG)
B Communications Ltd (TASE: BCOM)
Bank Hapoalim BM (TASE: POLI)
Bank Leumi Le-Israel BM (TASE: LUMI)
Bank of Jerusalem Ltd (TASE: JBNK)
Bezeq The Israeli Telecommunication Corp Ltd (TASE: BEZQ)
C Mer Industries Ltd (TASE: CMER)
Cellcom Israel Ltd (TASE: CEL)
Danya Cebus Ltd (TASE: DNYA)
Delek Group Ltd (TASE: DLEKG)
Delta Galil Industries Ltd (TASE: DELG)
Delta Israel Brands Ltd (TASE: DLTI)
Dor Alon Energy In Israel (TASE: DRAL)
Elco Ltd (TASE: ELCO)
Electra Ltd (TASE: ELTR)
Energix-Renewable Energies Ltd (TASE: ENRG)
Export Investment Corp Ltd (TASE: EXPO)
F I B I Holding Ltd (TASE: FIBIH)
First International Bank of Israel Ltd (TASE: FIBI)
Formula Systems (1985) Ltd (NASDAQ: FORTY)
G1 Secure Solutions Ltd (TASE: GOSS)
Internet Gold-Golden Lines Ltd (TASE: IGLD-M)
Israel Discount Bank Ltd (TASE: DSCT)
Lapidoth Capital Ltd (TASE: LAPD)
Lesico Ltd (TASE: LSCO)
Mega Or Holdings Ltd (TASE: MGOR)
Meshulam Levinstein Contracting & Engineering Ltd (TASE: LEVI)
Mivne Real Estate (K.D) Ltd (TASE: MVNE)
Mizrahi Tefahot Bank Ltd (TASE: MZTF)
Mordechai Aviv Taasiot Beniyah (1973) Ltd (TASE: AVIV)
Oron Group Investments & Holdings Ltd (TASE: ORON)
Partner Communications Co Ltd (NASDAQ: PTNR)
*Paz Oil Co Ltd (TASE: PZOL)
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd (TASE: RMLI)
Rotshtein Realestate Ltd (TASE: ROTS)
Salomon A. Angel Ltd (TASE: ANGL)
Senstar Technologies Corp (NASDAQ: SNT)
Shikun & Binui Ltd (TASE: SKBN)
Shufersal Ltd (TASE: SAE)
Themis GREN Ltd (TASE: TMIS)
Tigbur- Temporary Professional Personnel Ltd (TASE: TIGBUR)
Z M H Hammerman Ltd (TASE: ZMH)

Download this list: PDF or spreadsheet.*Companies marked with (*) are complicit specifically in the Gaza genocide.Weapons Manufacturers*BAE Systems PLC (LSE: BA.)*Boeing Co (NYSE: BA)Cadre Holdings Inc (NYSE: CDRE)*Colt CZ Group SE (PSE: CZG)*Elbit Systems Ltd (TASE & NASDAQ: ESLT)Genasys Inc (NASDAQ: GNSS)*General Dynamics Corp (NYSE: GD)*General Electric Co (NYSE: GE)*L3Harris Technologies Inc (NYSE: LHX)*Leonardo SpA (MIL: LDO)*Lockheed Martin Corp (NYSE: LMT)*Northrop Grumman Corp (NYSE: NOC)*RENK Group AG (XMUN: R3NK)*Rolls-Royce Holdings PLC (LSE: RR.)*RTX Corp (NYSE: RTX)Sturm Ruger & Co Inc (NYSE: RGR)*Textron Inc (NYSE: TXT)*thyssenkrupp AG (ETR: TKA)Other US Companies*Caterpillar Inc (NYSE: CAT)Chevron Corp (NYSE: CVX)Genie Energy Ltd (NYSE: GNE)Motorola Solutions Inc (NYSE: MSI)*Palantir Technologies Inc (NYSE: PLTR)*Valero Energy Corp (NYSE: VLO) Other Non-Israeli CompaniesCemex SAB de CV (MEX: CEMEXCPO)Alstom SA (PAR: ALO)Fosun International Ltd (HKG: 656)Heidelberg Materials AG (ETR: HEI)Kardan NV (TASE: KRNV-M)Primo Water Corp (TSX: PRMW)Shunfeng International Clean Energy Ltd (HKG: 1165)Other Israeli CompaniesAlony-Hetz Properties & Investments Ltd (TASE: ALHE)Amir Marketing & Investments In Agriculture Ltd (TASE: AMRK)Ashtrom Group Ltd (TASE: ASHG)B Communications Ltd (TASE: BCOM)Bank Hapoalim BM (TASE: POLI)Bank Leumi Le-Israel BM (TASE: LUMI)Bank of Jerusalem Ltd (TASE: JBNK)Bezeq The Israeli Telecommunication Corp Ltd (TASE: BEZQ)C Mer Industries Ltd (TASE: CMER)Cellcom Israel Ltd (TASE: CEL)Danya Cebus Ltd (TASE: DNYA)Delek Group Ltd (TASE: DLEKG)Delta Galil Industries Ltd (TASE: DELG)Delta Israel Brands Ltd (TASE: DLTI)Dor Alon Energy In Israel (TASE: DRAL)Elco Ltd (TASE: ELCO)Electra Ltd (TASE: ELTR)Energix-Renewable Energies Ltd (TASE: ENRG)Export Investment Corp Ltd (TASE: EXPO)F I B I Holding Ltd (TASE: FIBIH)First International Bank of Israel Ltd (TASE: FIBI)Formula Systems (1985) Ltd (NASDAQ: FORTY)G1 Secure Solutions Ltd (TASE: GOSS)Internet Gold-Golden Lines Ltd (TASE: IGLD-M)Israel Discount Bank Ltd (TASE: DSCT)Lapidoth Capital Ltd (TASE: LAPD)Lesico Ltd (TASE: LSCO)Mega Or Holdings Ltd (TASE: MGOR)Meshulam Levinstein Contracting & Engineering Ltd (TASE: LEVI)Mivne Real Estate (K.D) Ltd (TASE: MVNE)Mizrahi Tefahot Bank Ltd (TASE: MZTF)Mordechai Aviv Taasiot Beniyah (1973) Ltd (TASE: AVIV)Oron Group Investments & Holdings Ltd (TASE: ORON)Partner Communications Co Ltd (NASDAQ: PTNR)*Paz Oil Co Ltd (TASE: PZOL)Rami Levi Chain Stores Hashikma Marketing 2006 Ltd (TASE: RMLI)Rotshtein Realestate Ltd (TASE: ROTS)Salomon A. Angel Ltd (TASE: ANGL)Senstar Technologies Corp (NASDAQ: SNT)Shikun & Binui Ltd (TASE: SKBN)Shufersal Ltd (TASE: SAE)Themis GREN Ltd (TASE: TMIS)Tigbur- Temporary Professional Personnel Ltd (TASE: TIGBUR)Z M H Hammerman Ltd (TASE: ZMH)

This list represents a subset of our broader divestment list, which we publish on the Investigate website. In addition to the Israeli occupation, Investigate includes companies involved in mass incarceration, border militarization, and immigrant deportation in the U.S.

For more comprehensive lists of weapons manufacturers and military contractors, not necessarily related to Palestinian rights, refer to:

• SIPRI Top 100 arms-producing and military services companies in the world
• Weapon Free Funds (scroll down to Companies)

Our research on corporate involvement in the occupation relies heavily on information published by Who Profits. We conduct our own independent research to supplement and update the information from Who Profits.

We conduct further analysis to create our divestment recommendation, taking into account multiple factors that are explained on the Investigate divestment methodology page. Our divestment criteria include, for example, the degree to which the company is complicit. If the Israeli government buys off-the-shelf non-militarized products and uses them in harmful ways, the company making these products would likely not be on our divestment list. We also factor in the likelihood a company will change its policies and practices, and would not recommend divesting from companies that might change as a result of investor engagement or grassroots campaigns.

This list represents a subset of our broader divestment list, which we publish on the Investigate website. In addition to the Israeli occupation, Investigate includes companies involved in mass incarceration, border militarization, and immigrant deportation in the U.S.For more comprehensive lists of weapons manufacturers and military contractors, not necessarily related to Palestinian rights, refer to:SIPRI Top 100 arms-producing and military services companies in the worldWeapon Free Funds (scroll down to Companies)Our research on corporate involvement in the occupation relies heavily on information published by Who Profits. We conduct our own independent research to supplement and update the information from Who Profits.We conduct further analysis to create our divestment recommendation, taking into account multiple factors that are explained on the Investigate divestment methodology page. Our divestment criteria include, for example, the degree to which the company is complicit. If the Israeli government buys off-the-shelf non-militarized products and uses them in harmful ways, the company making these products would likely not be on our divestment list. We also factor in the likelihood a company will change its policies and practices, and would not recommend divesting from companies that might change as a result of investor engagement or grassroots campaigns.

You do not need to know what your campaign target (university/city/union/other) is currently invested in to ask it to adopt an ethical investment policy as suggested above.

Learn what you can about the school’s past and current investment policy, and find out what you can about the relevant decision-making bodies and processes, so you can suggest amendments to these policies and structures.

Transparent procedures and periodic public disclosures about the institution’s investments will become important in a later stage, to enable our campus communities to review and monitor the implementation of the new policy.

If you need to scan a mutual fund or a list of holdings for their exposure to companies on the divestment list, you can use the Investigate database and investment scanner.

Sign up to our weekly BDS office hours if you need support for your divestment campaign.

You do not need to know what your campaign target (university/city/union/other) is currently invested in to ask it to adopt an ethical investment policy as suggested above.Learn what you can about the school’s past and current investment policy, and find out what you can about the relevant decision-making bodies and processes, so you can suggest amendments to these policies and structures.Transparent procedures and periodic public disclosures about the institution’s investments will become important in a later stage, to enable our campus communities to review and monitor the implementation of the new policy.If you need to scan a mutual fund or a list of holdings for their exposure to companies on the divestment list, you can use the Investigate database and investment scanner.Sign up to our weekly BDS office hours if you need support for your divestment campaign.

Last updated September 27, 2024

Divestment campaigns work! Below are divestment achievements since January 2024. For previous years, see here.

Following the BDS National Committee, which represents the broadest Palestinian civil society coalition, this list includes all decisions that center Palestinian rights and commit, in a reasonable time-frame, to financial disclosure and/or a divestment process.

Please share with us divestment achievements we have missed.

University of Michigan Graduate Employees’ Organization
September 26, 2024
The Union overwhelmingly (90%) approved a new investment policy statement, divesting from military contractors, prisons, and Israeli apartheid and genocide. The policy is implemented by switching the Union's existing funds, which include Caterpillar, Motorola Solutions, Palantir, and multiple other companies on the divestment list, to funds that exclude these companies.

City of Portland, ME
September 4, 2024
The Portland City Council voted unanimously to divest from companies "complicit in the current and ongoing humanitarian crisis in Gaza and occupation of Palestine, including, without limitation, all entities on the Divestment List when it is feasible and carries no financial penalty to the City." The resolution, which was initiated by the Maine Coalition for Palestine and Jewish Voice for Peace Maine chapter, further calls on the City Manager to not make future direct investments in these companies, as well as in Israel Bonds. The City implemented this resolution before it passed by selling stocks that it held in L3Harris. With this move, Portland became the first Easy Coast city to divest for Palestinian rights.

AXA
August 21, 2024
Following a years-long campaign, Europe's largest insurance firm had divested its shares in all major Israeli banks. This follows AXA's 2019 divestment from Elbit Systems, the largest Israeli weapons manufacturer.

Austin Pride
August 10, 2024
Following community pressure leading up to the city's 2024 pride parade, who's past sponsors included Lockheed Martin, Austin Pride committed to "evaluate future sponsors based on BDS criteria" and to "exclude weapons manufacturers and unethical corporations" from their events.

Universities Superannuation Scheme (USS)
August 7, 2024
Following "sustained pressure from the pension fund’s members, concerned over Israel’s human rights record," the U.K.'s largest private-sector pension fund has reportedly sold some £80 million in Israeli assets "including government debt and Israeli currency in the past six months."

Service Employees International Union (SEIU) Local 1021
July 27, 2024
The Union voted to divest from weapons manufacturers and companies that build technology such as artificial intelligence and surveillance technology for military use; private prison companies, immigrant detention companies and border patrol contractors; companies that profit from apartheid, colonization, and ethnic cleansing; and the fossil fuel industry. SEIU Local 1021 is one of the largest unions in Northern California, representing over 60,000 local government, healthcare , and non-profit employees.

City of Alameda, CA
July 2, 2024
Following months of pressure by Alameda Families and Friends for Ceasefire, Alameda City Council voted to add the following language to its investment policy statement: "Investments are to be made that reflect the the responsibility of city government to its citizens. Alternative investments, which enhance the quality of life, will be given full consideration. This includes investments in companies that support the well being of people and the planet. The City of Alameda will not invest in industries that facilitate or contribute to tobacco consumption, gambling, fossil fuels, or weapons of any kind."

Presbyterian Church (USA)
July 1, 2024
The General Assembly of the Church voted to divest from bonds issued by the governments of Israel, Morocco, and Turkey, as part of a commitment to not invest in "countries that are currently maintaining a prolonged military occupation and have been subject to United Nations resolutions related to their occupation." The Church also voted to "begin focused engagement" General Electric and Palantir Technologies, with possible divestment recommendations if the engagement does not move these companies into compliance with the Church's policies.

South by Southwest (SXSW)
June 27, 2024
After more than 80 artists withdrew from SXSW 2024 over its partnership with the U.S. Army and weapons manufacturer RTX, the festival announced that it is revising its sponsorship model and that, “as a result, the US army, and companies who engage in weapons manufacturing, will not be sponsors of SXSW 2025.”

Summit County, OH
June 25, 2024
Summit County Council declared that it will not buy more Israel bonds, as a result of advocacy by the local Palestinian community. Having learned that selling its existing bonds is not possible, the Council decided to let them mature and not purchase any more Israel bonds going forward.

City of Hamtramck, MI
May 28, 2024
Hamtramck City Council voted unanimously to approve a resolution requiring the city to "make all best efforts to refrain investment in the State of Israel and all Israeli and international companies that sustain Israeli apartheid." In addition, the city "in all its procurement activities, shall make all best efforts to refrain from purchasing goods and services from any vendor that is the target of a boycott or divestment campaign by the BDS movement." With this decision, Hamtramck became the first U.S. city outside the San Francisco Bay Area to divest for Palestinian rights.

University of Washington
May 17, 2024
Following a month-long student encampment, the UW administration agreed to establish a path for divestment, establishing an Advisory Committee on Socially Responsible Investing, which will determine what “actions or inactions of company or companies are deemed morally reprehensible." The Committee will include student representatives, and the administration committed to support the outcome of the Committee's work. The administration also committed to increase transparency of the university's investments and to "be transparent about Boeing’s support for the University so anyone opposed can decline Boeing support."

San Francisco State University
May 13, 2024
After a 2-week student and faculty encampment, SFSU announced it would add “a human rights-based investment strategy, including divesting from direct investments in weapons manufacturers and limiting other such indirect investments.” The University also committed to improve its public disclosure of its investments. By the end of the summer, SFSU had sold shares it held in Caterpillar, Lockheed Martin, Leonardo, and Palantir.

California Institute of the Arts
May 9, 2024
After negotiating with students, CalArts established an Ethical Investment Workgroup, “to better align the Institute’s investments with the intention to divest from any entity directly, consistently, and knowingly involved in violations of human rights or violations of international law, particularly in conflict zones around the world.”

Union Theological Seminary
May 9, 2024
After working on this issue since November, 2023, the Seminary Board of Trustees adopted a policy to divest from “companies substantially and intractably benefiting from the war in Palestine,” including both its direct and indirect (commingled/fund) holdings. The Seminary is revising its investment policy statement “to include an overt reference to the Israel-Palestine hostilities, in addition to current robust policies regarding fossil fuels, military weapons, private prisons, etc.”

Trinity College Dublin
May 8, 2024
After a 5-day student encampment, the College committed to “complete a divestment from investments in Israeli companies that have activities in the Occupied Palestinian Territory.”

California State University, Sacramento
May 7, 2024
After a 9-day student encampment, CSU Sacramento created a policy on socially responsible investment which includes investigating “not having direct investments in corporations and funds that profit from genocide, ethnic cleansing, and activities that violate fundamental human rights.”

State University of New York College of Environmental Science and Forestry
May 6, 2024
After negotiating with students and faculty, SUNY ESF College Foundation disclosed that it holds no direct investments in weapons manufacturers. The Foundation's Board of Trustees is in the process of reviewing the College’s investment policy with the goal of creating guidelines for evaluating divestment requests.

Thompson Rivers University, British Columbia
May 4, 2024
After negotiating with students, the university agreed to disclose information about its investments within 30 days and to “review proposals presented by the students related to their desire to see divestment of specific investments.”

University of California, Riverside
May 3, 2024
After a 4-day student encampment, UC Riverside committed to gradually disclose all of its investments and to form a task force, including students and faculty, to explore investing “in a manner that will be financially and ethically sound for the university with consideration to the companies involved in arms manufacturing and delivery.”

Goldsmith University of London
May 3, 2024
After students occupied a university building, the university agreed to a series of demands, including reviewing and revising its ethical investment policy. The review “will also explore switching to an alternative fund manager on an ethical basis in line with the new investment policy.”

City of Richmond, CA
April 30, 2024
Richmond's city council voted to divest from companies "that are involved in Israel's violation of Palestinian rights," in addition to other issues, including prison labor, mass surveillance, and the U.S.-Mexico border.

United Methodist Church
April 30, 2024
The General Conference of The United Methodist Church voted to not invest in bonds issued by Israel, Turkey, and Morocco, because these states are “holding subject populations under prolonged military occupation.” This is the first such divestment action by a major Christian denomination, and it follows previous decisions by the Church to divest from G4S, Israeli company Shikun & Binui, and the five largest Israeli banks, because of their “relation to the illegal Israeli settlements and other violations of Palestinian human rights,” as well as the Church’s call for a “global boycott of settlements products.”

Evergreen State College
April 30, 2024
Following a week-long student encampment, TESC agreed to establish a task force “charged with proposing revisions to investment policies, including new proposed language on socially responsible investments/divestments,” which will “address divestment from companies that profit from gross human rights violations and/or the occupation of Palestinian territories.”

Northwestern University
April 29, 2024
After a 5-day student encampment, the University agreed to a series of steps, including disclosing information about its investments and reestablishing its Advisory Committee on Investment Responsibility, with representation from students, faculty, and staff.

Portland State University
April 26, 2024
Following student protests, the university declared it “will pause seeking or accepting any further gifts or grants from the Boeing Company” until further debate within the campus community.

UAW Local 2320
January 27, 2024
The National Organization of Legal Services Workers (NOLSW) voted “to investigate whether it holds any Israel bonds or has investments in companies or organizations with ties to Israel and inform NOLSW members of the outcome of this investigation; Divest from all Israel bonds and investments in entities with direct ties to Israel; and as part of regular audits, certify that it continues to not hold such bonds or investments.”

City of Hayward, CA
January 23, 2024
The Hayward City Council voted to divest from four companies -  Caterpillar, Chevron, Hyundai, and Intel - becoming the first city in the U.S. to divest due to concerns over Palestinian rights.