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Menora Mivtachim Holdings Ltd

MMHD

2

exclusion reasons

1 theme

Geopolitical Conflict (2)
MMHD 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.

Occupied & Disputed Territories
Since Nov 29, 2023

Menora Mivtachim routinely finances construction projects in illegal Israeli settlements in the occupied West Bank, including a 2019 housing project financed with the Bank of Jerusalem. Between 2018 and 2021, the company financed multiple settlement construction projects documented by Who Profits.

Source:
AFSC Investigate ↗
Conflict & War Zones
Since Jan 5, 2023

Menora Mivtachim, one of Israel's largest insurance companies, routinely finances residential and commercial construction projects in illegal Israeli settlements in the occupied West Bank. In 2019, the company helped finance a housing project in an illegal settlement along with the Bank of Jerusalem. Between 2018 and 2021, the company financed multiple settlement construction projects, as documented by Who Profits.

Source:
AFSC Investigate ↗

Related Issues

Palestine & Occupied Territories

We exclude companies that profit from Israel's occupation of Palestinian territories — settlement construction, military technology, surveillance infrastructure, discriminatory resource arrangements. The ICJ ruled this occupation unlawful in 2024. We don't wait for political resolution to stop funding what international law has condemned.

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Geopolitical Conflict

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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.