Francesca Albanese has published a report, “From Economy of Occupation to Economy of Genocide” (A/HRC/59/23) in early July 2025 at the 59th session of the UN Human Rights Council in Geneva.
The report is an analysis of how the economic systems underpinning Israel’s occupation also enable what she labels a form of genocide in Gaza, driven by corporate and financial ecosystems.
It identifies over 60 corporations (including US-based firms) profiting from the occupation and military operations - focusing on arms manufacturers, tech companies, financial institutions, and infrastructure providers and calls for legal accountability of corporate leaders, for governments to impose an arms embargo, cut economic ties with Israel, and consider ICC investigations.
This report marked a departure from her earlier one, “Anatomy of a Genocide” (March 2024), which established the presence of genocidal intent but didn’t focus on corporate networks. The July 2025 edition shifted the lens to the economic infrastructure behind the occupation and ensuing violence.
It was this July 3 report, with its explicit naming of companies and urging of ICC action, that prompted the US to sanction her and specifically condemn the targeting of business and legal sectors as “illegitimate and shameful”.
The corporations listed were:
Arms & Defence
Lockheed Martin – fighter jets & military systems
Leonardo – advanced weaponry
BAE Systems – F‑35 and other jet components
Rheinmetall – self‑propelled howitzers
Israel Aerospace Industries (IAI) – Heron TP drones
Heavy Machinery / Construction
Caterpillar – armoured bulldozers used in demolitions
Volvo – excavators/bulldozers aiding infrastructure destruction
HD Hyundai – earth‑moving machinery
Oshkosh Corporation – military‑grade equipment
Technology & Surveillance
Alphabet (Google) – cloud services, AI, facial recognition used for targeting/surveillance
Amazon (AWS / Project Nimbus) – cloud infrastructure central to surveillance ops
Microsoft – Azure & AI tools as part of Israel’s surveillance apparatus
IBM – central to surveillance and Gaza operations
Palantir Technologies – AI and data systems for military targeting
Financial & Investment Institutions
BNP Paribas – underwriting/bonds
Barclays – loans, bonds financing military-linked firms
Pimco (Allianz subsidiary) – purchased Israeli government bonds
Vanguard – major investor in arms, tech, and Israeli bonds
BlackRock – leading institutional shareholder across weapons & tech firms
Extractives / Energy
Chevron – profits from Israeli offshore gas, sustaining blockade
Glencore – fossil fuel supplier for Israel
These are among the most prominent entities spotlighted in the report’s findings, which highlight how modern corporate interests are deeply woven into the mechanisms sustaining the occupation and the violence in Gaza. Albanese calls for urgent legal accountability and corporate disengagement from these activities.
Genocide enablers exposed
Francesca Albanese has published a report which identifies over 60 companies implicated in profiting from genocide in key sectors such as arms, heavy machinery, technology, finance, and construction.
Francesca Albanese has published a report, “From Economy of Occupation to Economy of Genocide” (A/HRC/59/23) in early July 2025 at the 59th session of the UN Human Rights Council in Geneva, an analysis of how the economic systems underpinning Israel’s occupation also enable what she labels a form of genocide in Gaza, driven by corporate and financial ecosystems.