Economic Audit: British Gas

Supply Chain & Sourcing Relationships

British Gas operates as the retail energy and home-services brand of Centrica plc, a UK domestic and commercial gas, electricity, and boiler/home-services provider, rather than an importer, distributor, or retailer of physical consumer or agricultural goods ¹. No public evidence identified of a commercial sourcing relationship between British Gas/Centrica and Israeli agricultural aggregators or exporters such as Mehadrin, Hadiklaim, Galilee Export, or Agrexco successors. No public evidence identified of a dedicated importer-of-record entity handling Israeli-origin goods on behalf of British Gas/Centrica. No public evidence identified of seasonal produce or consumer-goods procurement patterns linking the company to Israeli suppliers. No public evidence identified of third-party or indirect Israeli-origin product sourcing (for example white-label or resale arrangements) within British Gas’s supply chain. The company’s identified Israel-linked commercial activity in the research record is confined to corporate-venture technology investment and an acquired Israeli subsidiary (Panoramic Power), rather than physical goods sourcing, which structurally limits the applicability of this section to the target’s business model ¹.

Product Origin, Labeling & Regulatory Compliance

Because British Gas’s core offering is energy supply and home services rather than retail goods requiring country-of-origin labeling, No public evidence identified of settlement-origin product mislabeling allegations, DEFRA or customs findings, or NGO investigations naming British Gas or Centrica in this category. The Business & Human Rights Resource Centre’s company profile for “British Gas (part of Centrica)” logs zero response requests and no allegations or lawsuit entries on record ². No public evidence identified of a published corporate policy specifically addressing sourcing or labeling of goods from the occupied Palestinian territories.

Investment, Capital & Financial Exposure

Centrica Innovations / Israel-focused venture vehicle. Centrica established Centrica Innovations in 2017 with a stated fund of roughly £100 million ($140 million), described in contemporaneous coverage as “mostly designated for Israel,” operating out of a Tel Aviv office with Idan Mor named as the Israel-based investment director ³⁴⁵⁶⁷.

Panoramic Power (acquisition, divested). Centrica acquired Israeli company Panoramic Power (headquartered in Kfar Saba, Israel; founded 2009 by David Almagor and Adi Shamir) for $60 million around 12–15 November 2015 ⁸⁹¹⁰¹¹. Panoramic Power was integrated as Centrica’s Israel-based development/R&D center within Centrica Business Solutions, supplying wireless circuit-level energy sensors ⁷. Panoramic Power’s headcount stood at 37 as of 31 May 2026 ¹². Centrica announced completion of the sale of Panoramic Power - alongside European energy-solutions units in Italy and the Netherlands and a Hungary management buy-out - on 9 February 2026, with combined proceeds exceeding £80 million; the specific buyer of Panoramic Power was not identified in retrievable coverage ^13141516. The entity was Centrica-owned and Israel-based continuously from November 2015 until February 2026, spanning the entire post-October 2023 war period.

Driivz (portfolio investment, exited). Centrica Innovations and Ombu Group co-led a Series funding round (reported as $12 million/£9 million) for Israeli EV-charging software company Driivz in August 2018, with the technology integrated into Centrica Electric Vehicle Services’ commercial offerings ¹⁷¹⁸. Centrica Innovations recorded a portfolio exit on 24 December 2021 when Driivz was acquired by Gilbarco Veeder-Root for a reported $200 million, with Vontier Corporation acquiring Gilbarco shortly afterward in February 2022 ¹⁹²⁰.

EchoCare Technologies (portfolio investment). Israeli elder-care monitoring and radar-sensor company EchoCare Technologies (Ness Ziona, Israel) received a £25,000 prize through Centrica’s 2018 “Active Ageing Challenge,” followed by a further $300,000 investment from Centrica Innovations in December 2018 ²¹²²²³. No public evidence identified this session confirming the current status of this relationship.

Indegy (portfolio investment, exited). Centrica plc, via Centrica Innovations, participated in an $18 million Series B funding round for Israeli industrial/OT cybersecurity company Indegy, announced 28 August 2018 alongside Liberty Technology Venture Capital, O.G. Tech Ventures, Shlomo Kramer, Magma Venture Partners, Vertex Ventures, and Aspect Ventures ²⁴²⁵²⁶. Indegy’s stated focus was real-time monitoring and protection of industrial control systems in critical infrastructure sectors including power production, water supply, manufacturing, pharmaceuticals, and chemicals ²⁴. No public evidence identified of a direct IDF or Israeli-military contract specific to Indegy. Indegy was acquired by US firm Tenable for $78 million cash on 2 December 2019, after which Tenable established an Israel-based development center ²⁷²⁸.

NSO Group / Novalpina Capital (pension-fund exposure). Centrica’s Combined Common Investment Fund, the retirement/pension fund for British Gas and Centrica staff, was reported to be one of the largest contributors to a roughly €1 billion private-equity vehicle raised by Novalpina Capital in 2019, which acquired a majority (approximately 70%) stake in Israeli spyware firm NSO Group; the Centrica pension fund reportedly held a seat on Novalpina’s largest-investor committee ²⁹³⁰³¹. Novalpina Capital was dissolved in 2021 following an internal partner dispute, with California-based Berkeley Research Group taking control of the fund’s assets, including the NSO stake ³¹³². In October 2025, a group of US-based investors led by film producer Robert Simonds acquired a controlling interest in NSO Group ³³. No public evidence identified confirming whether Centrica’s pension fund retains, has divested, or has been diluted out of any residual indirect interest following the Novalpina restructuring and the 2025 ownership change.

No public evidence identified of Centrica/British Gas holdings in Israeli sovereign bonds, Israel Bonds (Development Corporation for Israel), or direct lending/trade-finance facilities to OHCHR-listed or Israeli defence-prime companies, beyond the pension-fund NSO exposure noted above.

Operational Presence & Market Activity

Centrica Innovations maintained a Tel Aviv office as part of a stated three-hub structure alongside London and San Francisco/New York ⁶⁷. Panoramic Power’s operating headquarters was in Kfar Saba, Israel, functioning as Centrica’s Israel-based product/R&D center from 2015 until its February 2026 divestment ¹²¹³. No public evidence identified of the British Gas consumer brand itself operating retail, sales, or service offices inside Israel or the occupied territories; the identified Israel presence is confined to Centrica’s corporate-venture/innovation activity and its acquired subsidiary. Panoramic Power reported 37 employees as of 31 May 2026, around the time of its divestment ¹². Centrica’s 2018 investment announcements characterized Israel primarily as a technology and innovation sourcing hub rather than a consumer or retail market ⁶. No public evidence identified of Israel being characterized as a growth market, export market, or regional hub in Centrica’s annual reports or investor presentations.

Corporate Structure & Foundational Ties

Authoritative complicity and business-and-human-rights listings. A search of OHCHR’s Database of Business Enterprises under Human Rights Council resolutions 31/36 and 53/25 - covering the 2020 iteration (112 companies), a 2023 update, and the September 2025 update (158 companies) - found No public evidence identified naming Centrica or British Gas ³⁴³⁵³⁶. The Special Rapporteur’s report A/HRC/59/23 (“From economy of occupation to economy of genocide,” Francesca Albanese, 2 July 2025) addresses energy, fuel, and gas suppliers to Israel as a sector-wide category, but No public evidence identified of Centrica or British Gas being named specifically ³⁷. The Don’t Buy Into Occupation IV report (November 2024) identifies 58 companies and roughly 822 European financial institutions, and No public evidence identified that Centrica/British Gas is among the 58 listed companies ³⁸. Amnesty International UK’s “Global complicity, UK involvement” briefing profiles approximately 15 companies focused on arms and defence contractors, and No public evidence identified naming Centrica or British Gas ³⁹. The Business & Human Rights Resource Centre profile for “British Gas (part of Centrica)” logs no allegations ².

Founding and incorporation. British Gas was not founded in Israel; the current British Gas is a retail/services brand of Centrica plc, a UK-incorporated company headquartered in Windsor, Berkshire ¹.

1997 demerger and the Gaza Marine distinction. British Gas plc demerged on 17 February 1997 into three entities: Centrica plc (retail, sales, and trading, plus North/South Morecambe gas production), BG plc (exploration and production, transportation/storage, and international downstream, later renamed BG Group), and Transco plc ¹⁴⁰. BG Group - not Centrica or the current British Gas - signed a November 1999 memorandum with the Palestinian Authority and Consolidated Contractors Company for rights to the offshore Gaza Marine gas field, discovered in September 2000 and estimated at over 1 trillion cubic feet ⁴¹⁴². BG Group was acquired by Royal Dutch Shell on 8 April 2016, and Shell relinquished BG Group’s 60% Gaza Marine stake to Palestinian state companies in 2018 ⁴¹. This entity (BG Group/Shell) has been corporately distinct from Centrica/British Gas since the 1997 demerger, and the Gaza Marine history is a foundational/lineage fact tied to the historic “British Gas” name rather than an activity attributable to the current Centrica-owned British Gas entity.

Headquarters and domicile. Centrica plc is domiciled and headquartered in Windsor, Berkshire, UK, with no dual or legacy Israel headquarters identified ¹.

No public evidence identified of Israeli state ownership stakes, Israeli government board appointees, Israeli government contracts, or critical-national-infrastructure designation for Centrica/British Gas in Israel. No public evidence identified of golden shares, founder shares, or charter provisions tying Centrica/British Gas to the Israeli state or its policy objectives.

Board composition. Centrica’s board as of 2024–2025 includes Chair Kevin O’Byrne, CEO Chris O’Shea, Senior Independent Director Jo Harlow, and non-executive directors including Amber Rudd, former UK Home Secretary, who joined the board on 10 January 2022 and chairs the Safety, Environment & Sustainability Committee ⁴³⁴⁴⁴⁵. No public evidence identified of Israeli defence-industry, settlement-organization, or Israel-focused philanthropic ties for named Centrica board members, including Rudd, O’Shea, or O’Byrne.

Profit Repatriation & Economic Contribution

No public evidence identified of Centrica/British Gas disclosing revenue specifically attributed to an “Israel market,” consistent with the company having no direct consumer/retail operations in Israel. Where Israel-domiciled subsidiaries existed - namely Panoramic Power, held from 2015 to 2026 - profit and technology value flowed outward from the Israel-based operating unit to the UK-domiciled parent, Centrica plc, consistent with a foreign-parent/acquired-Israeli-subsidiary structure rather than Israeli beneficial ownership of Centrica ^13141516. The February 2026 divestment converted this holding into a one-time capital receipt as part of combined proceeds exceeding £80 million ^13141516. No public evidence identified of third-party assessments characterizing Centrica/British Gas as a “key employer” or “sector anchor” within the Israeli economy; by contrast, Israeli trade-promotion sources characterized the Panoramic Power exit as a proof point for the strength of Israel’s own energy-tech sector, not the reverse ¹⁰.

End Notes