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INTERNATIONAL BUSINESS MACHINES CORP

IBM

Information Technology

1

exclusion reason

1 theme

Geopolitical Conflict (1)
IBM Information Technology Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

IBM won a $240 million contract in 2017 to design and operate the "Eitan" system, Israel's central biometric population registry that records ethnic and religious identities of citizens and non-citizens in Israel and occupied territories. IBM assumed full responsibility for the registry in 2019. The database documents all crossings and major checkpoints in the occupied West Bank, per Who Profits. IBM subsidiary Red Hat provides OpenShift software for the Israeli military's central computing system (Mamram) and collaborated on the military's "operational internet" cloud network.

Research Sources 1 organization

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.