Siemens AG
German industrial conglomerate with deep commercial ties to Israel spanning rail infrastructure, energy interconnection, defence software, and prison systems. Contracted to provide settlement-connected railway equipment and converter stations for the EuroAsia Interconnector linking Europe to Israel's grid.
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Material Risk Framing
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BDS Movement launched dedicated campaign against Siemens in 2022 for the EuroAsia Interconnector project. Palestinian human rights organisations describe the project as 'deeply problematic' under international humanitarian law as it connects Europe to Israel's grid including settlements. Association with operations under ICJ genocide case investigation creates brand risk across European markets.
EUR 900m+ Israel Railways contract with options extending to 2046. EUR 658m EU grant for EuroAsia Interconnector creates public procurement scrutiny risk. Institutional investors increasingly apply ESG exclusions to companies with settlement connections.
Germany's Supply Chain Due Diligence Act (LkSG) requires human rights monitoring. Supply chain connection to Extal factory in illegal settlement industrial zone Mishor Adumim creates compliance exposure. Israeli Ministry of Defense software licensing (Teamcenter) during ongoing ICJ/ICC proceedings raises legal questions.
60+ year presence in Israel creates deep dependency. Divested Intelligent Traffic Systems (2021) after settlement road involvement documented. Prison system contracts through Israeli distributor Orad. Complex supply chain requires ongoing due diligence.
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Comparison Legend
Strategic Analysis
In-depth assessment of the company's position, vulnerabilities, and recommended approaches for effective engagement.
High severity, lower vulnerability — requires long-term divestment pressure
Learn about our methodology — companies are categorised based on severity (harm potential) vs strategic vulnerability (campaign leverage).
Why do these scores change?
Unlike static boycott lists, our targeting model is dynamic. This company's position on the matrix is re-evaluated continually as we verify new contracts, divestments, or policy changes. Your reporting directly impacts this score.
Siemens AG represents a high-value B2B target due to its critical infrastructure role connecting European systems to Israeli operations. As Germany's largest industrial conglomerate with EUR 77bn+ annual revenue, Siemens provides essential railway equipment, energy infrastructure, and defence software to Israel, which the International Court of Justice has determined faces a 'plausible' genocide case with 'real and imminent risk' of irreparable harm (January 2024). The company's 60+ year commercial presence in Israel creates extensive dependencies that can be challenged through supply chain due diligence requirements and ESG investor pressure.
Key Leverage Points
- German Supply Chain Law (LkSG) Exposure: Since January 2023, Siemens must comply with human rights due diligence requirements. The documented supply chain connection to Extal factory in Mishor Adumim illegal settlement industrial zone creates compliance questions. Civil society organisations can file complaints with the Federal Office for Economic Affairs and Export Control (BAFA).
- EU Public Procurement Scrutiny: The EUR 658m EU grant for EuroAsia Interconnector creates accountability to European Parliament and member states. Palestinian human rights organisations have already characterised the project as 'deeply problematic' under international humanitarian law. MEPs can be engaged to scrutinise EU funding for infrastructure connecting to settlements.
- Defence Software Licensing: Siemens Teamcenter PLM software enables Israeli weapons manufacturers to optimise production. Licensing renewals during ongoing ICC/ICJ proceedings raise questions about responsible business conduct. Defence sector customers increasingly face reputational pressure over Israeli ties.
- ESG Investor Pressure: Major institutional investors apply exclusion criteria to companies with settlement connections. Siemens' documented settlement supply chain (Extal contract, rail infrastructure on occupied land) exposes the company to divestment campaigns similar to those affecting other infrastructure providers.
Evidence Summary
Siemens' Israel Railways contract, valued at EUR 900m+ with options through 2046, provides trains for the Tel Aviv-Jerusalem line that crosses occupied West Bank territory on privately-owned Palestinian land. Who Profits documented that Siemens contracted Extal, located in illegal settlement industrial zone Mishor Adumim, for USD 4m in aluminium parts including technology transfer support. The company's Teamcenter software is used by Israeli weapons manufacturers with at least USD 1m in Ministry of Defense licences renewed between November 2023 and June 2024.
The EuroAsia Interconnector project, with Siemens as preferred contractor for converter stations, will connect Europe's electricity grid to Israel's national grid including settlements. The Palestinian Human Rights Organisations Council wrote directly to Siemens in 2022, characterising the project as violating international humanitarian law. The BDS Movement's October 2022 campaign specifically targets Siemens alongside Chevron for infrastructure enabling apartheid.
Engagement Strategy
Focus campaigns on three pressure points: (1) German supply chain law complaints via BAFA regarding settlement factory supply chain; (2) European Parliament engagement on EU funding for EuroAsia Interconnector; (3) institutional investor pressure through ESG exclusion criteria. For B2B stakeholders, emphasise compliance risks under LkSG and reputational exposure from settlement connections. Siemens' position as a major EU contractor creates leverage through public procurement policies. The company's 2021 divestment of Intelligent Traffic Systems following settlement road documentation demonstrates responsiveness to sustained pressure when compliance risks become clear. Coordinate with German civil society organisations and the BDS Movement's existing Siemens campaign for maximum impact.
Evidence & Sources
Verified sources including NGO reports, regulatory filings, and primary documents. Use these to substantiate your correspondence.
Documents Israel Railways contract, Tel Aviv-Jerusalem line crossing occupied territory, settlement factory supply chain (Extal), traffic control systems on settlement roads, and prison service contracts.
Open sourceRailway Journal reports Israel Railways expanding Siemens order to 141 double-deck EMUs, with contract options extending through 2046.
Open sourceComprehensive profile documenting railway contracts, EuroAsia Interconnector involvement, defence software licensing to Israeli Ministry of Defense, and settlement supply chain connections.
Open sourceCommission announces participation in launch of electricity interconnector receiving EUR 658m EU funding, with Siemens as preferred converter station contractor.
Open sourcePalestinian BDS National Committee launches global campaign calling for boycotts and divestment from Siemens until it terminates involvement in EuroAsia Interconnector.
Open sourcePalestinian Human Rights Organisations Council writes to Siemens regarding EuroAsia Interconnector, describing project as 'deeply problematic' under international humanitarian law.
Open sourceGerman law requiring companies over 1,000 employees to monitor human rights in supply chains. Siemens subject to compliance requirements since January 2023.
Open sourceUpdates & Milestones
- Railway Contract Expansion
Israel Railways orders additional 81 Desiro HC trains from Siemens, bringing total to 141 units with options through 2046.
- Defense Ministry Software Renewal
Israeli Ministry of Defense renews Siemens Teamcenter PLM software licenses, continuing relationship enabling weapons production optimisation.
- EuroAsia Interconnector Construction Phase
Following EUR 658m EU grant approval, Siemens confirmed as preferred contractor for HVDC converter stations connecting Europe to Israel's grid.
- BDS Campaign Launched
Palestinian BDS National Committee launches global campaign against Siemens and Chevron, calling for boycotts until EuroAsia Interconnector involvement ends.
- Intelligent Traffic Systems Divested
Siemens carves out ITS division (now Yunex) following documentation of traffic control systems on settlement roads in occupied West Bank.
- Israel Railways Framework Agreement
Siemens signs EUR 900m framework agreement with Israel Railways for 60 Desiro HC double-deck trains and 15-year maintenance.
- Prison Service Contract Begins
Through Israeli distributor Orad Group, Siemens begins providing fire detection systems to Israel Prison Service facilities.
- International Procurement Office Opens
Siemens opens procurement office in Israel to increase sourcing from Israeli companies for global operations.
- Siemens Enters Israeli Market
Siemens establishes operations in Israel, beginning six decades of commercial presence.