INDEX / DIRECTORY / CATERPILLAR

Caterpillar

Heavy Machinery 155 CITED SOURCES UPDATED 2026-05-30
BDS-1000 Score 611 /1000 B Tier B - Severe

BDS-1000 Corporate Dossier: Caterpillar Inc

BDS-1000/06 | Public Version | June 2026


Key Findings

  • Military: Caterpillar D9 bulldozers are the IDF Combat Engineering Corps’ primary heavy platform, documented in breaching, tunnel exposure, and systematic urban terrain destruction in Gaza operations from October 2023 through 2025; a $295 million U.S. Foreign Military Sale naming Caterpillar as principal contractor was approved in February 2025 under emergency congressional notification waiver.123
  • Economic: Caterpillar equipment is documented in active settlement construction, separation barrier maintenance, and West Bank demolition operations through the Zoko Enterprises/Israel Tractors & Equipment dealer channel; Caterpillar is listed in the UN OHCHR settlement enterprise database and was explicitly named in the UN Special Rapporteur’s June 2025 “economy of genocide” report.456
  • Political: Caterpillar continued D9 supply relationships after the ICJ Advisory Opinion (July 2024) and ICC arrest warrants (November 2024), with no public reference to either; the company’s sole documented operational response to geopolitical crisis (Russia 2022) involved a named statement, manufacturing suspension, and explicit $1 million donation - the 2023 Gaza-adjacent donation matched the dollar figure but lacked any named-party acknowledgment or operational action.789
  • Not found: No evidence identified of Caterpillar supplying Israeli-origin digital technology, surveillance systems, or cloud infrastructure; no direct contracts with Israeli defence primes; no R&D facilities, data centres, or acquisitions in Israel.10

Target Profile

FieldDetail
Company NameCaterpillar Inc.
JurisdictionIncorporated in Delaware, USA; operational headquarters in Irving, Texas11
HeadquartersIrving, Texas, United States
SectorHeavy construction and mining equipment manufacturing
OwnershipPublicly traded on NYSE (ticker: CAT); major institutional shareholders include Vanguard Group, BlackRock, State Street11
Key Executives / GovernanceCEO: D. James Umpleby III; Chairman of Board: D. James Umpleby III; CFO: Andrew R. McGregor; General Counsel: Joseph E. (Joe) Creed1112
Israeli-Nexus SummaryCaterpillar D9 bulldozers supplied to the IDF via U.S. Foreign Military Sale and independent dealer network; equipment documented in settlement construction, separation barrier maintenance, and IDF combat engineering operations in Gaza

Key Facts:


Executive Summary

Caterpillar Inc. manufactures heavy earthmoving equipment, most prominently the D9 crawler tractor, at its East Peoria, Illinois facility for global commercial sale. The company’s documented Israel-Palestine nexus centres on the IDF Combat Engineering Corps’ deployment of the Caterpillar D9 as its primary heavy engineering platform - a role corroborated by IDF official documentation, U.S. government procurement records, and multiple independent civil society investigations.

The strongest documented vector is military: The IDF has published official material treating the D9 as a core combat engineering asset, and U.S. government records confirm a $295 million Foreign Military Sale naming Caterpillar as principal contractor, approved in February 2025 under emergency waiver authority.123 The base D9 machine undergoes transformation into the IDF “Doobi” armoured bulldozer through conversion performed by Israeli defence contractors after delivery, including blast-resistant armoured cabins, slat armour, and pintle-mounted weapons.14 Israel Aerospace Industries has independently developed remote-controlled “RobDozer” variants using the Caterpillar D9T as a base chassis.16

The economic vector is supported by documentation from Who Profits, B’Tselem, and the AFSC Investigate platform, which confirm Caterpillar equipment in settlement construction, separation barrier maintenance, and demolition operations in the West Bank and East Jerusalem.417 The UN OHCHR settlement enterprise database lists Caterpillar for activities including “supply of equipment for demolition of housing and property” and “supply of equipment facilitating construction and expansion of settlements and the wall.”45 All documented West Bank occupation-construction equipment reached end-users through the Zoko Enterprises/ITE dealership channel; no evidence of direct Caterpillar corporate contracts with Israeli settlement construction companies has been identified.13

The political vector is documented through institutional divestments - Norway’s Government Pension Fund Global excluded Caterpillar in August 2025 following a Council on Ethics determination that Caterpillar equipment is used in “extensive and systematic violations of international humanitarian law” and that the company has “not implemented any measures to prevent such use.”23 Caterpillar continued D9 supply after the ICJ Advisory Opinion (July 2024) and ICC arrest warrants (November 2024) without public reference to either.718 The company’s documented precedent for operational action in response to geopolitical crisis - the 2022 Russia exit - involved a named statement, manufacturing suspension, and explicit Caterpillar Foundation $1 million donation to Ukraine, contrasting with the anonymous 2023 Gaza-adjacent donation of equivalent dollar value.78

The digital vector returned no evidence: no Israeli-origin technology vendor relationships, no surveillance or biometrics systems of Israeli origin, no data centres or R&D facilities in Israel, and no direct digital contracts with Israeli military or intelligence bodies.10

The resulting BDS-1000 score of BRS 611, Tier B (Severe) reflects a strong military and political nexus driven by documented D9 supply to IDF combat engineering operations and the company’s failure to implement operational changes after international legal developments, tempered by the absence of a direct Caterpillar role in weapons development or Israeli digital infrastructure.


Timeline of Relevant Events

DateEventSource
March 2003Rachel Corrie killed by IDF-operated Caterpillar D9 bulldozer in Rafah, Gaza15
2005Corrie family files wrongful death suit against Caterpillar in U.S. District Court (W.D. Wash.)15
September 20079th Circuit dismisses Corrie v. Caterpillar on political question grounds; D9 sale via FMS program deemed non-justiciable15
2011Shareholder resolution at Caterpillar AGM receives 21% support; Caterpillar seeks SEC no-action relief1219
2022Caterpillar issues named public statement on Ukraine; suspends Russian manufacturing; Caterpillar Foundation donates $1 million explicitly to Ukraine78
2023 (Q4)Caterpillar D9 bulldozers documented in IDF ground operations in Gaza; $1 million Caterpillar Foundation donation issued without named-party acknowledgment48
July 19, 2024ICJ Advisory Opinion finds Israel’s occupation unlawful in its entirety; Caterpillar issues no public reference718
November 21, 2024ICC Pre-Trial Chamber issues arrest warrants for Israeli Prime Minister and former Defense Minister; Caterpillar issues no public reference718
February 28, 2025DSCA notifies Congress of $295 million FMS to Israel (D9R/D9T, spare parts, support); Section 36(b) emergency waiver invoked12
June 2024KLP (Norwegian pension fund) excludes Caterpillar citing “unacceptable risk”; sells ~$69 million stake20
July 2025Norway GPFG Council on Ethics recommends exclusion; finds “no doubt” Caterpillar products used in “extensive and systematic violations of IHL”2
August 2025Norges Bank Investment Management excludes Caterpillar; held 1.23% stake (~$2.1 billion)3
October 2025ABP (Dutch pension fund) sells ~$455 million Caterpillar stake21
December 2024Alameda County, California divests ~$32 million Caterpillar bonds22

Corporate Overview

Corporate Structure

Caterpillar Inc. (NYSE: CAT; CIK 0000018230) is incorporated in Delaware, USA, with operational headquarters in Irving, Texas. The company was founded in 1925 in California. It is not a private equity-owned entity and has no majority shareholder with separate Israeli investment exposure identified.11

Israeli Presence

Caterpillar does not operate wholly-owned subsidiaries, offices, warehouses, or retail locations directly in Israel or occupied territories. The company’s Israeli operations are conducted exclusively through an independent dealer network.1123

Zoko Enterprises (also referred to as “Zoko Shiluvim”) functions as the exclusive Caterpillar dealer in Israel, supplying Caterpillar heavy machinery to the Israeli military. Israel Tractors & Equipment Co. (I.T.E.) Ltd operates as a subsidiary of Zoko Enterprises, founded in 1948, headquartered in Holon, with seven branches nationwide.13

Both Zoko Enterprises and I.T.E. are described as independent companies, not wholly-owned Caterpillar subsidiaries.1323 Zoko/ITE performs retrofitting of Caterpillar equipment including armour plating, gunner positions, bulletproof driver cabins, and autonomous systems integration.13

UN OHCHR Database

Caterpillar is listed in the UN Human Rights Office Database of Business Enterprises Involved in Activities in Israeli Settlements (HRC resolutions 31/36 and 53/25), with the most recent iteration published in 2023 and updated September 2025.45 The basis for inclusion is the supply of heavy earthmoving machinery used in the construction and maintenance of Israeli settlements in the West Bank. No public rebuttal by Caterpillar of its OHCHR database inclusion has been identified.4


Domain Summaries

Military: Military

Mechanism of Involvement

The Caterpillar D9 (D9R, D9T, D9N variants) is manufactured as a standard commercial crawler tractor in East Peoria, Illinois, available globally. Upon delivery to Israel, the base machine undergoes transformation into the IDF “Doobi” armoured bulldozer through conversion performed by Israeli defence contractors.1424 The IDF conversion includes replacement of the standard operator cab with a blast-resistant armoured cabin, installation of slat/cage armour designed to defeat RPG shaped charges, and addition of pintle mounts for 7.62mm machine guns and smoke grenade launchers.14

The IDF Combat Engineering Corps designates the D9 as its primary heavy engineering platform for combat operations, including breaching, IED neutralisation, tunnel exposure, and large-scale topographic reshaping of urban terrain.325 IDF official documentation titled “How Does the D-9 Save Lives?” (2025) acknowledges the platform’s military role.3

The U.S. Defense Security Cooperation Agency (DSCA) notified Congress in February 2025 of a potential $295 million Foreign Military Sale to Israel of Caterpillar D9R and D9T bulldozers, associated equipment, spare parts, training, and logistical support, with Caterpillar Inc. named as principal contractor.12 The Secretary of State invoked emergency authority under Section 36(b)(1) of the Arms Export Control Act, waiving the standard 30-day Congressional notification review period.1

Elbit Systems’ Iron Fist Light Decoupled (IFLD) Active Protection System was selected by the Israeli Ministry of Defense in August 2019 for integration onto D9 bulldozers; this integration is performed by Elbit independently, with no evidence of Caterpillar Inc. participation as co-developer or contracting party.26 Israel Aerospace Industries (IAI) developed the “RobDozer” remote-controlled D9T variant for IDF use; no evidence of Caterpillar participation in this programme has been identified.1416

Zoko Enterprises holds a standing agreement with the IDF Technology and Maintenance Corps covering maintenance and logistical support for Caterpillar equipment in IDF service.1317 Who Profits documents that Zoko provides IDF operator training, retrofit and armour installation oversight, and field maintenance services; Zoko operates a training centre for IDF Combat Engineering Corps soldiers covering Caterpillar machinery operation.1317 Zoko technicians are subject to mobilisation as military reservists during declared emergencies.17

The Caterpillar D9 is documented in use across the following occupation-related activities:

Counter-Arguments and Evidence Limits

Caterpillar’s primary documented defence is the FMS-channel argument: the company frames all military sales as passing through the U.S. government’s Foreign Military Sale programme, positioning the U.S. government - not Caterpillar - as the direct customer to the Israeli Ministry of Defense.18 This argument has procedural weight: the 9th Circuit in Corrie v. Caterpillar (2007) dismissed the underlying claims on political question grounds because D9 sales were conducted through the FMS programme with U.S. government approval.15

The FMS-channel argument has two documented limitations. First, it applies only to the IDF/military sales channel; it does not address Zoko Enterprises’ documented commercial settlement construction activity in the West Bank.18 Second, the Norway GPFG Council on Ethics explicitly rejected the FMS deflection as a sufficient answer to Caterpillar’s UN Guiding Principles human rights due diligence obligation, noting that Caterpillar retains agency over its dealer network and product end-use monitoring.2

Caterpillar is not a prime contractor or licensed manufacturer of lethal weapons systems. The D9 in its base commercial form is earthmoving equipment; all lethal and military modifications are performed by Israeli contractors post-delivery.1424 No evidence has been identified of Caterpillar manufacturing munitions, explosives, propellants, or warhead components. No evidence has been identified of any Caterpillar role in Iron Dome, David’s Sling, Arrow missile defence, F-35 programme, or any other strategic platform.2627

No evidence has been identified of Caterpillar participating as co-developer or contracting party for the Iron Fist APS integration onto D9 bulldozers, or for the IAI RobDozer programme; these are downstream Israeli government and IAI developments that modify commercially purchased Caterpillar equipment.141626

Named Entities and Evidence Map

EntityRoleEvidence
Caterpillar Inc.Manufacturer of D9 base platform; FMS principal contractorDSCA notification (Feb 2025)12
IDF Combat Engineering CorpsEnd-user military operatorIDF official documentation325
Zoko Enterprises / ITEAuthorized dealer; IDF maintenance contractor; military reservist mobilisationWho Profits13; AFSC17
Elbit SystemsIron Fist APS integration onto D9 (independently)IMOD selection Aug 201926
Israel Aerospace IndustriesRobDozer remote-controlled D9T development (independently)Defense press16

Digital: Digital

Mechanism of Involvement

No public evidence has been identified that Caterpillar holds licensing, subscription, or integration relationships with Israeli-origin technology vendors including Check Point, Wiz, SentinelOne, CyberArk, Nice, Verint, Claroty, or Palo Alto Networks.10

No public evidence has been identified that Caterpillar uses facial recognition, biometric identification, behavioural analytics, or gait analysis technologies of Israeli origin.10 No evidence of Israeli-origin predictive policing, sentiment analysis, social media monitoring, or workforce surveillance tools has been identified. No evidence has been identified that these technologies reach Caterpillar indirectly via third-party platform providers, managed security services, or bundled enterprise suites.10

No Caterpillar-owned subsidiary, R&D facility, or data centre is confirmed in Israel; the company operates in Israel exclusively through its independent dealer network.1028 No evidence has been identified that Caterpillar participates in Project Nimbus or comparable state-backed digital infrastructure programmes.10

No evidence has been identified that Caterpillar provides artificial intelligence, machine learning, computer vision, or autonomous decision-support systems to Israeli state, military, or security bodies.10 No evidence has been identified of Caterpillar’s AI models being trained on civilian population data, intercepted communications, or surveillance-derived datasets from Israel or occupied territories.10 Caterpillar manufactures autonomous-capable mining equipment for commercial applications; no evidence has been identified of Caterpillar autonomous systems provided to Israeli military or security forces.10

Israel Aerospace Industries has developed the “RobDozer” - a remote-controlled version of the Caterpillar D9 bulldozer - for IDF use. This is an Israeli government and IAI development that modifies commercially purchased Caterpillar equipment; it does not represent a Caterpillar-to-IDF direct digital relationship.16

Counter-Arguments and Evidence Limits

The absence of a digital vector is consistent with Caterpillar’s documented position as a heavy equipment manufacturer rather than a technology or digital services company. Caterpillar’s 10-K/20-F filings describe its dealer-distribution model, in which the company sells equipment through independent dealers globally and states that ultimate end-use is beyond Caterpillar’s direct control.11

Caterpillar’s telematics systems (Product Link, VisionLink) are documented globally for fleet management and equipment tracking. No public evidence has been identified that these systems are specifically deployed on equipment used by Israeli military or government bodies, or that telemetry data from Israeli operations is routed through Israeli jurisdiction.10

No OECD National Contact Point complaint, export control actions, sanctions-related investigations, or regulatory inquiries specifically naming Caterpillar for technology sales or services to Israeli state entities have been identified in public records.10

Named Entities and Evidence Map

No named Israeli-origin digital technology entities have been identified in documented Caterpillar supply, vendor, or partnership relationships. The IAI RobDozer programme is an Israeli government/IAI development using commercially purchased Caterpillar equipment; no Caterpillar digital involvement has been identified.


Economic: Economic

Mechanism of Involvement

Caterpillar equipment - including D9 bulldozers, excavators, and wheel loaders - is documented in active use across the West Bank and Gaza in demolition operations, settlement construction, separation barrier construction and maintenance, and road-building activities.41317

Who Profits Research Center documents all documented West Bank occupation-construction Caterpillar equipment reaching end-users through the Zoko Enterprises/Israel Tractors and Equipment (ITE) dealership channel. No evidence of direct Caterpillar corporate contracts with Israeli construction companies operating in settlements has been identified.13

Who Profits’ 2022 thematic report documents Caterpillar products across: settlement construction (D6, D8, D9 bulldozers in site preparation for settlement residential units); separation barrier route-clearing and earthworks; settler bypass road construction and maintenance; and military zone land-clearing in the Jordan Valley.413 B’Tselem’s demolition statistics database identifies the Caterpillar D9 as the primary heavy equipment platform used in IDF and Civil Administration demolition operations in the West Bank and East Jerusalem.17

Zoko Enterprises/ITE is documented as operating within the occupied West Bank, supplying equipment for road construction connecting settlements to Israeli-controlled highway networks, quarrying and earthmoving for settlement expansion projects, and infrastructure contracts for Israeli government-tendered projects within Area C under Israeli Civil Administration authority.13

The UN OHCHR settlement enterprise database cites Caterpillar for “supply of equipment for demolition of housing and property” and “supply of equipment facilitating construction and expansion of settlements and the wall.”45 Caterpillar has not issued a public rebuttal of its OHCHR database inclusion.4

The UN Special Rapporteur’s report A/HRC/59/23 (June 2025, Albanese) explicitly names Caterpillar among companies providing equipment used to demolish Palestinian homes, with specific reference to D9 bulldozers and partnership with the Israeli defence industry.6

A July 2025 shipment of dozens of Caterpillar D9 bulldozers was delivered to the Israeli military from the United States, transferred for armour installation and autonomous conversion.6 Caterpillar equipment deployments are documented as continuing after the ICJ Advisory Opinion (July 2024) and after the ICC arrest warrants (November 2024).67

Financial exposure documented through: Norway’s GPFG ($2.1 billion, excluded August 2025)23; KLP ($69 million, excluded June 2024)20; ABP ($455 million, sold October 2025)21; ING loans to Caterpillar23; Achmea and ASR holdings23; Alameda County bonds ($32 million, divested December 2024)22; Washington State Treasurer (~$62 million, sold 2024–2025)29.

Counter-Arguments and Evidence Limits

Caterpillar has not been found to operate directly in Israeli settlements or occupied territories. Caterpillar products reach settlement-adjacent end-users exclusively through the independent dealer network (Zoko/ITE), which Caterpillar characterizes as a separate commercial entity operating under its own governance.111318

The settlement-operation nexus is complicated by definitional scope. Caterpillar’s sales structure - routing through the U.S. FMS programme and through an independent authorized dealer (Zoko) rather than through a direct subsidiary - placed it outside the UN OHCHR database’s definitional scope as applied in the initial 2020 publication.12 Caterpillar was subsequently added to the database in the 2023 iteration.4

No public evidence has been identified of Caterpillar holding direct financial interests in settlement infrastructure, real estate holdings in occupied territories, or Israeli government bonds.11

Named Entities and Evidence Map

EntityRoleEvidence
Zoko Enterprises / ITEExclusive Caterpillar dealer in Israel; settlement construction supply; IDF maintenance contractorWho Profits13; AFSC17
IDF Combat Engineering CorpsEnd-user in settlement and Gaza demolition operationsB’Tselem17; Who Profits413
Israeli Civil AdministrationContracting authority for Area C infrastructureWho Profits 2024 update13
Norway GPFGMajor financial stakeholder; excluded Caterpillar Aug 2025NBIM announcement3

Political: Political

Mechanism of Involvement

Caterpillar’s documented public position frames all sales to Israel as passing through the U.S. Foreign Military Sales programme, positioning the U.S. government as the direct customer.18 Caterpillar’s sole documented public statement on the issue reads: “We have compassion for all persons affected by the political strife in the Middle East and support a peaceful resolution to the Israeli-Palestinian conflict.”18

Caterpillar issued no public statement specifically naming Gaza or the West Bank as a subject of operational review during or after October 2023.18 Caterpillar’s 2025 response to the Norway GPFG Council on Ethics exclusion recommendation reiterated the FMS-channel argument and stated it engages with the U.S. government on responsible use of FMS-supplied equipment, but did not announce any suspension, review, or modification of its D9 supply relationships or dealer network operations, and did not reference the ICJ Advisory Opinion or ICC arrest warrants.1819

Contrast with Russia 2022 response: In 2022, Caterpillar produced: (a) an explicit named public statement on Ukraine and Russia; (b) a documented suspension of manufacturing and supply chain operations in Russia; and (c) a separate, named Caterpillar Foundation press release of $1 million for Ukrainian humanitarian needs that explicitly identified Ukraine as the beneficiary.78 The 2023 Gaza-adjacent donation matched the dollar figure ($1 million) but was issued without named-party acknowledgment, without operational action, and without any equivalent public review of equipment end-use.78

Constructive notice: The DSCA notification for the $295 million D9 bulldozer FMS sale is dated February 28, 2025 - approximately seven months after the ICJ Advisory Opinion (July 19, 2024) and three months after the ICC arrest warrants (November 21, 2024).17 A comprehensive sweep of all Caterpillar public communications from July 19, 2024 through April 2026 identified no public reference to the ICJ Advisory Opinion or the ICC arrest warrants in any Caterpillar corporate communication.181215

Institutional divestment: The Norway GPFG Council on Ethics specifically rejected the FMS deflection as insufficient under the UN Guiding Principles due diligence obligation, and characterized Caterpillar’s 2023 humanitarian donation as not constituting remediation.2 The Council stated: “There is no doubt that Caterpillar’s products are being used to commit extensive and systematic violations of international humanitarian law” and that “the company has also not implemented any measures to prevent such use.”2

Shareholder activism: Shareholder resolutions demanding human rights due diligence reports have been filed at Caterpillar AGMs in multiple consecutive years from 2005 through at least 2025.121519 At the 2024 AGM, a resolution demanded an independent human rights impact assessment of equipment sales to Israel; the Board recommended voting against.1230 At the 2025 AGM, an ICCR-affiliated resolution demanding an independent human rights impact assessment received approximately 28–33% of shares voted in favor.1519 This was reported as the twentieth consecutive year shareholders filed such a resolution.30 Caterpillar moved its 2025 AGM from Peoria, Illinois to Little Rock, Arkansas - a move criticized by activists as an attempt to avoid protest.15

Counter-Arguments and Evidence Limits

Caterpillar’s strongest documented defence is the political question doctrine, established in Corrie v. Caterpillar (9th Cir. 2007): because D9 sales to Israel were conducted through the U.S. government’s FMS programme with government approval, courts lack jurisdiction to adjudicate claims arising from equipment use.15 The U.S. Chamber of Commerce filed an amicus brief supporting this position.15

Caterpillar also maintains that it is a commercial equipment manufacturer, not a defence contractor, and that the company lacks direct contractual relationships with Israeli end-users or settlement operators. The company’s dealer-distribution model means it sells to Zoko Enterprises, not to the IDF or to settlement construction companies directly.1113

No formally accepted OECD National Contact Point Specific Instance proceeding specifically targeting Caterpillar’s IDF supply relationship has been identified in the OECD Watch case registry through April 2026.31

Named Entities and Evidence Map

EntityRoleEvidence
U.S. State DepartmentAuthorized FMS sales; invoked emergency Section 36(b) waiverDSCA notification Feb 20251
Norway GPFG Council on EthicsIssued exclusion recommendation July 2025Council determination2
Norges Bank Investment ManagementExcluded Caterpillar Aug 2025NBIM announcement3
UN Human Rights Council / OHCHRPublished settlement enterprise database; issued ICJ Advisory OpinionHRC res. 31/36;45 A/HRC/59/236

BDS-1000 Score (V4)

DomainIMPV-Domain Score
Military7.507.508.007.50
Digital0.000.000.000.00
Economic6.005.506.504.38
Political7.007.008.007.00

The Military vector drives V_MAX at 7.50, reflecting the documented $295 million FMS approval (I=7.5), IDF’s official designation of the D9 as a primary combat engineering platform (M=7.5), and the directness of Caterpillar’s role as named principal contractor in the DSCA notification (P=8.0). The Digital vector contributes zero, reflecting no documented Israeli-origin technology relationships or digital infrastructure involvement. The BRS of 611 places Caterpillar at Tier B (Severe), consistent with documented material support for occupation infrastructure and combat operations without demonstrated operational mitigation following international legal developments.


Methodology Note


End Notes


Document ID: BDS-1000/06 | Entity: Caterpillar Inc. | Version: V4 (Human-Vetted) | Classification: Public

Footnotes

  1. https://media.defense.gov/2025/Mar/03/2003653977/-1/-1/1/PRESS%20RELEASE%20-%20ISRAEL%2024-38%20CN.PDF ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  2. https://etikkradet.no/caterpillar-inc-2 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13

  3. https://www.nbim.no/en/news-and-insights/the-press/press-releases/2025/decisions-on-exclusion ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  4. https://www.whoprofits.org/companies/company/3772 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19

  5. https://www.ohchr.org/en/hr-bodies/hrc/regular-sessions/session31/database-hrc3136 ↩ ↩2 ↩3 ↩4 ↩5

  6. https://www.ohchr.org/sites/default/files/documents/hrbodies/hrcouncil/sessions-regular/session59/advance-version/a-hrc-59-23-aev.pdf ↩ ↩2 ↩3 ↩4 ↩5

  7. https://investigate.afsc.org/company/caterpillar ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  8. https://www.caterpillar.com/en/company/corporate-responsibility/caterpillar-foundation/matching-gifts.html ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  9. https://dontbuyintooccupation.org/wp-content/uploads/2024/11/2024_DBIO-IV-report.pdf ↩

  10. Digital Audit (internal domain audit, Caterpillar Inc., 2026) ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12

  11. https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  12. https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2013/jewishvoice032513-14a8.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  13. https://www.whoprofits.org/companies/company/4309 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20

  14. Military Audit (internal domain audit, Caterpillar Inc., 2026-05-01) ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  15. https://ccrjustice.org/home/what-we-do/our-cases/corrie-et-al-v-caterpillar ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12

  16. https://www.timesofisrael.com/israels-new-unmanned-bulldozers-changing-the-paradigm-of-war-in-gaza ↩ ↩2 ↩3 ↩4 ↩5

  17. https://investigate.afsc.org/updates/un-list ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12

  18. https://www.business-humanrights.org/en/latest-news/caterpillar-response-re-alleged-complicity-in-human-rights-abuses-in-israel-the-occupied-territories ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  19. https://www.sec.gov/Archives/edgar/data/18230/000001823025000008/cat-20241231.htm (2025 Proxy Statement) ↩ ↩2 ↩3 ↩4

  20. https://www.klp.no/en/corporate-responsibility-and-responsible-investments/exclusion-and-dialogue/exclude-caterpillar-inc.pdf ↩ ↩2

  21. https://www.aa.com.tr/en/europe/dutch-pension-fund-sells-caterpillar-shares-over-us-firms-alleged-arms-supply-to-israel/3704514 ↩ ↩2

  22. https://oaklandside.org/2024/12/12/alameda-county-divestment-caterpillar-israel-war-gaza ↩ ↩2

  23. https://www.ite-cat.co.il ↩ ↩2 ↩3 ↩4

  24. Military Audit Section: Dual-Use Products & Tactical Variants ↩ ↩2

  25. Military Audit Section: IDF Combat Engineering Corps official documentation ↩ ↩2

  26. Military Audit Section: Elbit Systems Iron Fist APS selection (August 2019) ↩ ↩2 ↩3 ↩4

  27. Military Audit Section: Merkava propulsion specifications; Shaldag/Dvora marine specifications ↩

  28. https://www.caterpillar.com/en/company/about-caterpillar/global-footprint.html ↩

  29. Political Audit Section: Washington State Treasurer divestment ↩

  30. Political Audit Section: Shareholder resolutions 2005–2025 ↩ ↩2

  31. Military Audit Section: OECD NCP proceedings ↩