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Shikun & Binui Ltd

SKBN

2

exclusion reasons

1 theme

Geopolitical Conflict (2)
SKBN Current as of March 2026

Shikun & Binui Ltd is screened out under 2 exclusion reasons spanning 1 issue category.

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. It is a statement of values.

Shikun & Binui, through its subsidiaries, is a major Israeli construction and infrastructure company whose operations are deeply embedded in occupied Palestinian territories. Its subsidiary Solel Boneh has constructed housing projects in the illegal settlements of Homat Shmuel (Har Homa), Ariel, Imanuel, and Modi'in Illit, and has supplied materials for military checkpoints. Solel Boneh also operates a factory for construction materials in Kiryat Sefer, a neighborhood within the Modi'in Illit settlement. Another subsidiary, Housing and Construction Real Estate Development (Shikun Ovdim), has built housing projects in Modi'in Illit and in the Ramot neighborhood of East Jerusalem, which is beyond the Green Line.

The company's activities extend to security infrastructure that enforces the occupation. In 2016, Solel Boneh began constructing a new concrete wall on Israel's border with the Gaza Strip, a pilot project for a barrier designed to eventually encircle the entire territory and extend dozens of feet underground. This involvement in building the separation wall and checkpoints constitutes material support for activities in occupied territories. The company's role has drawn significant international censure; Norway’s Government Pension Fund Global excluded Shikun & Binui in 2012, stating its financing of settlement building in East Jerusalem constituted a "breach of international humanitarian law." Danish pension fund PKA Ltd. followed with an exclusion in 2014.

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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.

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