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Companies that Boycott Israel in Violation of State Laws by State

(2021)

Arizona
Colorado
Florida
Illinois
New Jersey
New York
Texas

Arizona

Set forth below is a list of entities that have been deemed prohibited from investment through laws set forth in Arizona Revised Statutes § 35-393.
 
ASN Bank NV
Betsah SA 
Betsah Invest SA 
Cactus SA 
The Co-operative Group
Danske Bank
Dexia
Dutch Lion Cooperatief U.A.
FreedomCall UK
Guloguz Dis Deposu Ticaret Ve Pazarlama Ltd.
HEMA BV
KLP Kapitalforvaltning AS
Karsten Farms
Kommunal Landspensjonskasse (KLP)
Nordea
Pensionskassernes Administration A/S
SNS Bank NV
Unilever - In September 2021, Arizona divested bonds held by the state after its Ben & Jerry’s subsidiary announced it would stop selling its product in the West Bank.
Vitens NV

 

Colorado

Unilever - In March 2022, Colorado’s state pension fund announced it would divest a $42 million investment in Unilever PLC after the company’s Ben and Jerry’s subsidiary took economic action against Israel by halting ice cream sales in West Bank settlements.

 

Florida

List of Prohibited Investments that Boycott Israel (Scrutinized Companies)
 
Cactus SA  [Luxembourg] (2016)
Betsah Invest SA  [Luxembourg] (2016)
Betsah SA [Luxembourg] (2016)

Cooperative Group Gomersall [UK] (2016)

FreedomCall Ltd [UK] (2016)
Guloguz Dis Deposu Ticaret Ve Pazarlama Ltd [Turkey] (2016)
U2u Consult NV [Belgium] (2016)
Unilever (2021)

Illinois

Companies listed below have been deemed prohibited from investment through laws set forth in Article 1 of the Illinois Pension Code and approved by the Illinois Investment Policy Board.
 
Addidas AG
Air Canada*
Alstom SA
ASN Bank NV
Betsah Invest SA
Bombardier Inc.*

Brimstone Investment Corporation Limited*

Cactus SA
Caisse Des Depots Et Consignations
Co-Operative Group Limited*

CRH Finance (U.K.) PLC

CRH Public Limited Company*

CRH SMW Finance Designated Activity Company
Dali Capital Public Limited Company

Danske Bank

De Volksbank N.V.*

Dexia S.A.

DNB ASA

Dutch Lion B.V.
Dutch Lion Cooperatief U.A.
Guloguz Dis Deposu Ticaret Ve
Pazarlama Ltd
HEMA BV
Karsten Farms
KLP Kapitalforvaltning AS
Kommunal Landspensjonskasse

Korea Shipbuilding & Offshore Engineering Co., Ltd.

Macquarie Group Limited

Nordea Bank Abp

Pensionskassernes Administration A/S

PFA Pension Forsikrings AS and Storebrand

Sampension Kp Livsforsikring A/S

Siemens Aktiengesellschaft

SNS Bank NV

Stichting Administratiekantoor Beheer Financiele Instellingen

Storebrand ASA

Unilever - In December 2021, the state pension announced it would divest from the company because its Ben & Jerry’s subsidiary stopped selling ice cream in the West Bank.

Veolia Environnement SA

Willow No.2 (Ireland) PLC

*Denotes the company is currently in talks with the IIPB on the issue

 

New Jersey

Unilever
 

New York

Institutions or Companies Determined to Participate In Boycott, Divestment, or Sanctions Activity Targeting Israel
 

Achmea Investment Management B.V.

Betsah SA  [Luxembourg]
Betsah Invest SA  [Luxembourg]
Cactus SA  [Luxembourg]
The Co-operative Group [UK]
FreedomCall UK
Guloguz Dis Deposu Ticaret Ve Pazarlama Ltd.
KLP Kapitalforvaltning
Kommunal Landspensjonskasse (KLP)

PFA Pension Forskikrings AS

Storebrand ASA
Unilever

 

 

Texas

List of Prohibited Investments that Boycott Israel (Scrutinized Companies)
ASN Bank NV

Ben & Jerry’s Homemade, Inc.

Betsah Invest SA

Cactus SA

Co‐Operative Group Limited

DNB Bank ASA

Guloguz Dis Deposu Ticaret Ve Pazarlama Ltd

Karsten Farms

KLP Kapitalforvaltning AS

Kommunal Landspensjonskasse Gjensidig Forsikringsselskap

Unilever PLC

 


Sources: Arizona State Retirement System, (March 10, 2017).
New York Office of General Services, (August 23, 2021).
State Board Of Administration Of Florida, (January 29, 2019).
Illinois Investment Policy Board (accessed September 13, 2021).
“In First, Texas Divests $72 million from Norwegian Company that Boycotts Israel,” The Tower, (April 19, 2019).
List of Companies that Boycott Israel Pursuant to Texas Government Code Chapter 808 (September 2021).
Bob Christie, “Arizona sells Unilever bonds over Ben & Jerry’s Israel move,” AP, (September 10, 2021).
“Florida Places Ben & Jerry’s Parent Company Unilever on Its List of Scrutinized Companies that Boycott Israel,” News Release, Governor Ron DeSantis, (August 3, 2021).
David Wildstein, “N.J. moves to divest investments in Unilever after Ben & Jerry’s Israel boycott,” New Jersey Globe, (September 14 2021).
“Texas Comptroller Glenn Hegar: Ben & Jerry’s and its Parent Company Added to Texas List of Companies That Boycott Israel,” Press Release, Texas Comptroller of Public Accounts, (September 23, 2021).
Carl Campanile, “New York pulls $111M in pension funds from Ben & Jerry’s over boycott of Israel-occupied territories,” New York Post, (October 29, 2021).