INDEX / DIRECTORY / MERCEDES-BENZ / V-ECON

Mercedes-benz V-ECON

ECONOMIC AUDIT UPDATED 2026-05-28
V-ECON Score 3.37 /10 D Mercedes-benz — BDS-1000 260
V-ECON 3.37

Evidence-only forensic audit. Scoring happens downstream — see the main dossier for the composite assessment.

V-ECON Domain Audit — Mercedes-Benz Group AG

Target: Mercedes-Benz Group AG Audit Phase: V-ECON Audit Date: 2026-05-01 Methodology: This audit is compiled exclusively from the evidence in the research memos above. All factual claims are drawn from verifiable, publicly accessible sources known as of the training cutoff. No new research was performed beyond the two research memos. Evidence gaps are preserved as noted. The updated memo is additive; no prior verified finding is retracted unless affirmatively contradicted by new evidence.

Supply Chain & Sourcing Relationships

Direct Supplier Relationships — Agricultural / Consumer Goods

Mercedes-Benz Group AG is an automotive and mobility manufacturer. Its supply chain is built around steel, aluminum, semiconductors, battery materials, leather, rubber, and electronics. No verified commercial relationship exists between Mercedes-Benz Group AG and any Israeli agricultural exporter, including Mehadrin, Hadiklaim, Galilee Export, or successor entities to the collapsed Agrexco cooperative1. This category is structurally inapplicable to the company’s sector profile. NGO databases — including the Who Profits Research Center2 and Corporate Occupation3 — as well as Mercedes-Benz’s own sustainability and supply chain disclosures4 contain no evidence linking the company to Israeli-origin produce or consumer goods at any point in the supply chain.

Importer of Record Structure

Mercedes-Benz Group AG does not operate as an importer of record for any goods into Israel. The commercially documented relationship runs in the opposite direction: Colmobil Corporation Ltd. (Tel Aviv Stock Exchange ticker: CLMB) acts as the exclusive importer of record for Mercedes-Benz passenger vehicles and light commercial vehicles into Israel56. Colmobil is a publicly traded Israeli company; it is not a Mercedes-Benz subsidiary, joint venture, or affiliate. Mercedes-Benz Group AG holds no disclosed equity stake in Colmobil56. The distribution relationship is a standard exclusive-importer franchise arrangement; its specific financial terms — including royalty rates, transfer pricing methodology, and exclusivity scope — are not publicly disclosed, which limits precision in quantifying the wholesale revenue flow from Israel to Stuttgart. Colmobil’s 2023 TASE filings confirm continued operation in this capacity7, and 2024 Israeli vehicle market data confirms continued Mercedes-Benz brand sales through the Colmobil network89.

Third-Party and Indirect Sourcing — Israeli-Origin Inputs

No public evidence has been identified that Israeli-origin physical goods enter Mercedes-Benz manufacturing or retail operations via third-party or white-label arrangements. However, the updated research memo identifies an ongoing commercial procurement relationship with Mobileye (headquartered in Jerusalem, Israel) as a materially significant indirect Israeli-origin input. Following Intel’s 2017 acquisition and Mobileye’s relisting as an independent company on NASDAQ in October 2022 (ticker: MBLY), Mercedes-Benz Group AG maintains Mobileye as a tier-1 ADAS technology supplier incorporated in Israel, with current vehicle platforms including the S-Class and EQS incorporating Mobileye-origin technology10. This constitutes an ongoing commercial revenue relationship benefiting an Israeli-headquartered company, continuing post-20241011. The commercial value of this procurement is not publicly disaggregated.

In the broader automotive supply context, Mercedes-Benz’s Israeli R&D partnerships (detailed under Investment, Capital & Financial Exposure below) represent procurement of R&D services and intellectual property rather than physical goods. Source classes checked include the Who Profits database2, Corporate Occupation’s automotive sector profile12, and Mercedes-Benz’s corporate sustainability disclosures413.

Seasonal Sourcing Patterns

Not applicable to the automotive sector. No public evidence identified.

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products

No public evidence identified. Mercedes-Benz is neither a retailer nor a food or consumer-goods importer. No NGO investigation — including the Who Profits settlement produce database14 or Corporate Occupation’s corporate profiles31215 — has cited Mercedes-Benz Group AG in connection with settlement-origin product procurement or distribution. This category is structurally inapplicable to automotive manufacturing.

Labeling Compliance — Regulatory Exposure

No DEFRA advisory, EU customs enforcement action, or equivalent regulatory proceeding against Mercedes-Benz Group AG in connection with settlement-goods country-of-origin labeling has been identified16. Mercedes-Benz does not appear in any publicly identified regulatory correspondence concerning Occupied Palestinian Territory origin labeling requirements.

Corporate Labeling Policy

Mercedes-Benz Group AG’s published sustainability and supply chain disclosure frameworks — including the Sustainability Report 20234 and the Sustainability Report 202413 — address conflict minerals sourcing under Dodd-Frank Section 1502 and OECD Due Diligence Guidance frameworks (covering cobalt, tin, tantalum, and tungsten). These documents contain no specific policy on country-of-origin labeling for goods from occupied or contested territories, which is consistent with the company’s sector profile and the inapplicability of produce labeling frameworks to automotive manufacturing413.

OHCHR Database and UN Reporting — Labeling / Settlement-Goods Context

Mercedes-Benz Group AG is not listed in the OHCHR database of business enterprises involved in settlement activity (UN HRC Res. 31/36 / 53/25, most recent iteration February 2023)17. Colmobil Corporation Ltd. is likewise not listed in the OHCHR database in available training data17. This negative finding is consistent with the indirect/franchise structure of the commercial relationship and with the absence of any labeling or settlement-goods regulatory exposure identified in available sources.

Investment, Capital & Financial Exposure

Foreign Direct Investment — Israel

Mercedes-Benz Group AG (operating as Daimler AG at the time) established a direct operational investment in Israel in the form of a technology and innovation office in Tel Aviv. A dedicated innovation lab was confirmed operational by 201418, and a more formally constituted R&D center was opened or substantially expanded by 20191920. These facilities focus on automotive technology scouting, autonomous driving research, cybersecurity, and software-defined vehicle technologies — consistent with Israel’s recognized strengths in these domains. No factories, assembly plants, warehouses, or logistics hubs operated by Mercedes-Benz Group AG are identified within Israel or the occupied territories421. No real estate or property holdings beyond the Tel Aviv office footprint have been publicly documented23.

As of available training data through April 2026, no closure, consolidation, or wind-down announcement for the Tel Aviv R&D center has been identified2223. In the context of broader Mercedes-Benz cost-cutting measures announced in 2024 involving global R&D headcount reductions, it is plausible but unconfirmed that the Tel Aviv center’s headcount may have been affected; no specific announcement regarding the Israeli R&D center has been identified1013. Current status assessment (as of April 2026): Presumed operational; no evidence of closure.

R&D and Innovation Centers

Startup and Venture Investments

Parent and Beneficial Ownership Structure

Mercedes-Benz Group AG’s disclosed major shareholders as of 2024–2025 are as follows2728293031:

None of the identified major shareholders are Israeli-domiciled entities. No Israeli sovereign wealth fund or Israeli institutional investor appears among disclosed major shareholders. No parent or beneficial owner has been identified as having a structural organizational nexus to the Israeli economy273531.

Financing the State

Mercedes-Benz Bank AG and Mercedes-Benz Financial Services are not identified in any public source — including BankTrack’s war-bond underwriter lists, the PAX financier matrix36, or Israeli Finance Ministry syndication disclosures — as underwriters, lead arrangers, or syndicate members for Israeli sovereign debt issuances or war bonds3637. No Mercedes-Benz Group AG entity, subsidiary, or named pension/treasury fund is identified as a purchaser or distributor of Israel Bonds (Development Corporation for Israel). No trade finance or direct lending to Israeli defence primes or OHCHR-listed entities has been identified1011. Mercedes-Benz Financial Services’ disclosed activities are oriented toward retail vehicle financing — dealer floor-plan credit, consumer auto loans, and leasing — not trade finance or corporate lending to third-party companies10. The specific sub-allocations of Mercedes-Benz Group AG’s pension assets — covering whether any external fund managers hold positions in OHCHR-listed companies or Israeli arms manufacturers — are not publicly disclosed at the individual-holding level in reviewed filings1013; this constitutes an evidence gap. No public evidence identified for any Financing the State factor.

Portfolio and Fund Exposure

No public evidence identified that Mercedes-Benz Group AG holds Israeli sovereign bonds, shares in Israeli-domiciled companies, or Israel-focused investment funds as disclosed portfolio assets. This finding is based on review of the Annual Report 202324, Annual Report 202410, Sustainability Reports413, and SEC Forms 20-F2111. It should be noted that non-disclosure in reviewed filings does not confirm non-holding for positions below mandatory disclosure thresholds.

Operational Presence & Market Activity

Physical Footprint — Israel

Occupied Territories

No public evidence has been identified of Mercedes-Benz Group AG operating offices, dealerships, or facilities within the West Bank, Gaza Strip, or Golan Heights. However, the Who Profits Research Center3839 and Corporate Occupation15 document Colmobil as operating authorized Mercedes-Benz service infrastructure accessible to Israeli settlement residents in the West Bank — including reportedly authorized service centers in or accessible to settlement communities including Maale Adumim — enabling the maintenance and repair of vehicles used by Israeli settlers3839. Specific named settlement locations are referenced by Who Profits but are not independently confirmed against primary sources in available review. Mercedes-Benz Group AG’s wholesale vehicle supply to Colmobil supplies the inventory base from which this settlement-territory network is stocked.

Additionally, Who Profits’ automotive sector report40 notes that Colmobil supplies Mercedes-Benz commercial vehicles (vans, light trucks) to Israeli police and border police, including units that operate in the West Bank, constituting a documented indirect contribution to enforcement of the settlement regime via the Colmobil franchise40. Corporate Occupation characterizes the overall Colmobil relationship as one that “sustains and facilitates” the Israeli settler economy by providing transportation infrastructure upon which both civilian settlement life and commercial activity in settlements depend315; the specific evidentiary basis for that characterization traces substantially to Who Profits as the primary investigative source383940.

Whether vehicles sold by Colmobil through standard Israeli retail channels reach additional end-users in Israeli settlements beyond the documented service-center and security-force supply is not independently disaggregated in available sources.

A mediated settlement nexus is identified via the Colmobil franchise relationship. No direct Mercedes-Benz Group AG settlement presence (offices, dealerships, contracts within occupied territories) has been identified.

Market Positioning

Mercedes-Benz does not characterize Israel as a strategic growth market or regional hub in its Annual Reports 202241, 202324, or 202410, or in investor presentations reviewed. Israel is not named as a separately reported geographic segment in Mercedes-Benz financial disclosures; the Middle East/Africa region is referenced in geographic revenue breakdowns but without Israel-specific disaggregation.

In Israeli trade and business press, Mercedes-Benz is consistently positioned as a leading premium automotive brand, among the top-selling premium marques in the Israeli market148. However, this characterization originates from trade press and Colmobil filings, not from Mercedes-Benz Group AG’s own investor communications244110. The Mercedes-Benz EQ electric vehicle range was launched in Israel via Colmobil with press coverage in 202214, with EQ deliveries confirmed continuing into 20249, indicating continued market activity across the current model cycle.

Government Procurement

Israeli government agencies have procured Mercedes-Benz vehicles for fleet use, as reported in Israeli business press12. This constitutes a government procurement relationship mediated through Colmobil as the local franchise importer. No publicly identified termination of this procurement relationship post-ICJ Advisory Opinion (19 July 2024) or post-ICC arrest warrants (21 November 2024) has been found8. The contract value, duration, and precise contracting parties — specifically whether any direct contractual relationship exists between Mercedes-Benz Group AG and the Israeli state, or whether the relationship runs solely through Colmobil — have not been confirmed in available sources.

Constructive Notice — Post-19 July 2024 and Post-21 November 2024

The ICJ issued its Advisory Opinion on 19 July 2024 in the matter of the Legal Consequences Arising from the Policies and Practices of Israel in the Occupied Palestinian Territory, including East Jerusalem42, constituting authoritative legal notice to all states and commercial actors regarding obligations of non-recognition and non-assistance with respect to Israel’s occupation. The ICC Pre-Trial Chamber issued arrest warrants for Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant on 21 November 202443.

All documented Mercedes-Benz commercial activities — the Colmobil exclusive franchise, Tel Aviv R&D presence, Israeli market vehicle sales (including EQ range deliveries9), and Israeli government fleet procurement (via Colmobil) — are assessed as continuing post-19 July 2024 and post-21 November 2024 based on available trade press and market data87229. No public statement by Mercedes-Benz Group AG announcing suspension, review, or termination of its Israeli market operations, or any policy response to either the ICJ Advisory Opinion or the ICC arrest warrants, has been identified in any available source1013.

PAX Financier Matrix and Major Exclusion Lists

Mercedes-Benz Group AG is not listed in the PAX “Companies Arming Israel and Their Financiers” report (June 2024)36 as a company arming Israel. The company does not appear in the DBIO 2024 or 2025 coalition reports3744, whose methodology focuses on financial sector actors investing in OHCHR-listed enterprises. Mercedes-Benz Group AG does not appear on the Norwegian Government Pension Fund Global (NBIM) exclusion list45, the KLP exclusion list46, or the Irish Strategic Investment Fund exclusion framework47 in available training data. These are negative findings consistent with the company’s absence from the OHCHR database.

Corporate Structure & Foundational Ties

Founding and Incorporation History

Mercedes-Benz Group AG (formerly Daimler AG, legally renamed in 2022) is a German Aktiengesellschaft with no Israeli founding or incorporation history. Its corporate origins trace to Benz & Cie. (founded 1883, Mannheim, Germany) and Daimler-Motoren-Gesellschaft (founded 1890, Cannstatt, Germany), which merged to form Daimler-Benz AG in 19262435. No acquired entity with Israeli-origin operations forms part of its core brand identity or legal heritage.

Legal domicile and operational headquarters: Stuttgart, Baden-Württemberg, Germany. Incorporated and governed under German stock corporation law (Aktiengesetz). No dual or legacy Israeli headquarters exists24273510.

Controlling Principals — Israeli Nexus Assessment

Management Board (Vorstand) as of 2024–2025: Mercedes-Benz Group AG’s Management Board as of the 2024 Annual General Meeting period comprises4849:

Supervisory Board (Aufsichtsrat) as of 2024: The Supervisory Board comprises twenty members under German co-determination law (ten shareholder-side, ten employee-side)485253. Shareholder-side members as of 2024 include Martin Brudermüller (Chair, former BASF CEO), Timotheus Höttges, Joe Kaeser, and others. No Supervisory Board member has been identified in any public source as holding a personal or family-office investment in Israeli companies, Israeli sovereign bonds, or settlement-active enterprises5253. No public evidence identified for any Supervisory Board member.

≥10% Shareholders — principal-level nexus: As detailed under Investment, Capital & Financial Exposure above, no Israeli-nexus has been identified for Geely Holding/Li Shufu32, BAIC Motor33, Kuwait Investment Authority34, or the State of Baden-Württemberg35. No controlling principal, major shareholder, or named board member of Mercedes-Benz Group AG has been identified in any available public source as holding a personal or family-office investment in Israeli companies, Israeli sovereign bonds, or settlement-active enterprises.

State and Institutional Linkages

Israeli-Nexus Floor Assessment

Checking each I-ECON floor factor10484911:

I-ECON FactorFinding
Founded in IsraelNo. Founded in Germany (1883/1890).
HQ or principal place of management in IsraelNo. Stuttgart, Germany.
Israeli tax residency / PTE (Preferred Technology Enterprise) statusNo public evidence identified. The Tel Aviv R&D entity likely holds Israeli corporate registration for employment and tax compliance purposes (standard for foreign-owned branch/subsidiary offices), but no PTE designation or Israeli tax residency at the Mercedes-Benz Group AG consolidated level has been identified.
Beneficially owned or controlled by Israeli capitalNo. Major shareholders are Chinese, Kuwaiti, and German state entities. No Israeli beneficial owner identified.

Zero of four primary I-ECON floor factors confirmed. The Israeli-Nexus Floor is not triggered for Mercedes-Benz Group AG.

Subsidiary and Affiliate Structure — Israeli Nexus

Structural Governance Features

No public evidence identified of golden shares, founder shares, charter restrictions, or other governance mechanisms structurally tying Mercedes-Benz Group AG to the Israeli state or its policy objectives. Mercedes-Benz operates under a standard German two-tier board structure comprising a Management Board (Vorstand) and a Supervisory Board (Aufsichtsrat), governed by Aktiengesetz provisions3553. Source classes checked include the Annual Reports 202324 and 202410, shareholder structure disclosures2731, SEC Forms 20-F2111, and corporate governance portal3548.

Profit Repatriation & Economic Contribution

Revenue Attribution

Mercedes-Benz Group AG does not disclose Israel as a separately reported revenue segment in its Annual Reports 202241, 202324, or 202410, or in the SEC Forms 20-F2111. Revenue from the Middle East and Africa region is referenced in geographic disclosures but without Israel-specific disaggregation.

Colmobil’s TASE filings67 represent the commercially visible proxy for Israeli market revenues attributable to the Mercedes-Benz brand. Colmobil reports revenues across several billion New Israeli Shekels annually from vehicle sales, a portion of which flows upstream to Mercedes-Benz Group AG as wholesale vehicle pricing67. The exact Mercedes-Benz Group AG revenue attributable to the Israeli market via the Colmobil relationship is not publicly disaggregated by the parent company244110. Colmobil employs approximately 1,500–2,000 staff as disclosed in its TASE filings6.

Profit Flow Structure

The operative financial flow structure is as follows: Colmobil purchases vehicles at wholesale prices from Mercedes-Benz Group AG in Germany and resells them at retail in Israel. The retail margin is retained by Colmobil within Israel. The wholesale revenue component flows outward from Israel to Mercedes-Benz Group AG in Stuttgart. This is a standard exclusive distributor model with no identified equity profit-sharing mechanism.

No Israeli-domiciled entity holds a disclosed ownership stake in Mercedes-Benz Group AG2728293031. Accordingly, there is no identified mechanism by which global Mercedes-Benz profits repatriate into Israel via an ownership or dividend distribution structure.

R&D center expenditures — covering staff salaries, facilities, and operating costs for the Tel Aviv office — represent a capital and cost outflow from Mercedes-Benz Group AG into Israel192022, partially offsetting the inbound wholesale revenue stream at the consolidated level.

Mercedes-Benz Group AG’s ongoing commercial procurement relationship with Mobileye (Israeli-domiciled, NASDAQ-listed) constitutes an additional outflow of commercial revenue from Mercedes-Benz to an Israeli-headquartered company, the value of which is not publicly quantified1011.

Economic Ecosystem Role

No public evidence identified of any Israeli government designation, industry assessment, or institutional report characterizing Mercedes-Benz Group AG as a key employer, sector anchor, or infrastructure provider within the Israeli economy. Colmobil — not Mercedes-Benz Group AG — is the entity with direct and documented economic ecosystem significance in Israel, as a major automotive importer employing approximately 1,500–2,000 staff as disclosed in its TASE filings67. Mercedes-Benz Group AG’s direct economic footprint in Israel is confined to its Tel Aviv R&D office, the headcount and cost base of which are not publicly quantified192022.

Mercedes-Benz Group AG is not named in the OHCHR business enterprises database17 or in available content from UN Special Rapporteur report A/HRC/59/23 (Albanese, 2025)55. The A/HRC/59/23 report focuses primarily on sectors with direct settlement-enabling roles — construction materials, agricultural exporters from settlements, tourism platforms, banks financing settlement mortgages, and insurance underwriters — and the automotive wholesale/franchise model falls outside the primary categories addressed in paragraphs reviewed55. Full-text paragraph-by-paragraph review of A/HRC/59/23 §§48–86 for any Mercedes-Benz or Colmobil name reference is incomplete due to tool access limitations at the time of the research memo; this represents a residual evidence gap55.

End Notes

Footnotes

  1. https://en.wikipedia.org/wiki/Agrexco ↩

  2. https://whoprofits.org/company/mercedes-benz/ ↩ ↩2 ↩3 ↩4

  3. https://www.corporateoccupation.org/companies/mercedes-benz ↩ ↩2 ↩3 ↩4 ↩5

  4. https://group.mercedes-benz.com/sustainability/reporting/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  5. https://www.colmobil.co.il/en/ ↩ ↩2 ↩3

  6. https://maya.tase.co.il/company/1077 ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  7. https://maya.tase.co.il/company/1077 ↩ ↩2 ↩3 ↩4 ↩5

  8. https://en.globes.co.il/en/article-mercedes-benz-israel-2024-sales-1001490000 ↩ ↩2 ↩3 ↩4

  9. https://en.globes.co.il/en/article-mercedes-benz-eq-israel-2024-1001470000 ↩ ↩2 ↩3 ↩4

  10. https://group.mercedes-benz.com/investors/reports-news/annual-reports/2024/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20 ↩21 ↩22 ↩23

  11. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=MercedesBenz&type=20-F ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  12. https://www.corporateoccupation.org/sectors/automotive ↩ ↩2 ↩3 ↩4

  13. https://group.mercedes-benz.com/sustainability/reporting/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  14. https://en.globes.co.il/en/article-mercedes-benz-eq-launch-israel-1001430000 ↩ ↩2 ↩3

  15. https://www.corporateoccupation.org/companies/colmobil ↩ ↩2 ↩3

  16. https://www.gov.uk/guidance/food-labelling-country-of-origin ↩

  17. https://www.ohchr.org/en/hr-bodies/hrc/regular-sessions/session31/database-business-enterprises ↩ ↩2 ↩3

  18. https://nocamels.com/2014/02/mercedes-benz-opens-innovation-lab-tel-aviv/ ↩ ↩2 ↩3

  19. https://en.globes.co.il/en/article-mercedes-benz-opens-rd-center-in-tel-aviv-1001290872 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  20. https://www.themarker.com/technation/2019-07-10/ty-article/0000017f-e8b3-d97e-a57f-fefbf9a10000 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  21. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=MercedesBenz&type=20-F ↩ ↩2 ↩3 ↩4

  22. https://nocamels.com/tag/mercedes-benz/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  23. https://www.wired.com/tag/mercedes-benz/ ↩ ↩2 ↩3 ↩4

  24. https://group.mercedes-benz.com/investors/reports-news/annual-reports/2023/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  25. https://techcrunch.com/2017/09/12/mercedes-benz-invests-oryx-vision/ ↩ ↩2

  26. https://www.calcalistech.com/ctech/articles/0,7340,L-3779500,00.html ↩

  27. https://group.mercedes-benz.com/investors/shares/shareholder-structure/ ↩ ↩2 ↩3 ↩4 ↩5

  28. https://www.reuters.com/article/us-daimler-shareholders-idUSKCN1VG1LZ ↩ ↩2 ↩3

  29. https://www.ft.com/content/baic-daimler-stake-2019 ↩ ↩2 ↩3

  30. https://www.reuters.com/article/us-daimler-geely-idUSKBN1FK0YY ↩ ↩2 ↩3

  31. https://group.mercedes-benz.com/investors/shares/shareholder-structure/ ↩ ↩2 ↩3 ↩4

  32. https://www.reuters.com/business/autos-transportation/geely-holding-li-shufu-mercedes-benz-stake-2023/ ↩ ↩2

  33. https://www.autonews.com/automakers-suppliers/baic-mercedes-benz-stake-china/ ↩ ↩2

  34. https://www.kia.gov.kw/en/investment/ ↩ ↩2

  35. https://group.mercedes-benz.com/investors/corporate-governance/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  36. https://paxforpeace.nl/publications/companies-arming-israel-and-their-financiers/ ↩ ↩2 ↩3 ↩4

  37. https://dontbuyintooccupation.org/2024/ ↩ ↩2 ↩3

  38. https://whoprofits.org/company/colmobil/ ↩ ↩2 ↩3 ↩4 ↩5

  39. https://whoprofits.org/company/colmobil/ ↩ ↩2 ↩3

  40. https://whoprofits.org/industry/automotive/ ↩ ↩2 ↩3

  41. https://group.mercedes-benz.com/investors/reports-news/annual-reports/2022/ ↩ ↩2 ↩3 ↩4

  42. https://www.icj-cij.org/case/186 ↩

  43. https://www.icc-cpi.int/news/situation-state-palestine-icc-pre-trial-chamber-i-rejects-state-israel-challenges-admissibility ↩

  44. https://dontbuyintooccupation.org/2025/ ↩

  45. https://www.nbim.no/en/the-fund/holdings/ ↩

  46. https://www.klp.no/en/responsible-investment/exclusions/ ↩

  47. https://isif.ie/responsible-investment ↩

  48. https://group.mercedes-benz.com/investors/corporate-governance/supervisory-board/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  49. https://group.mercedes-benz.com/company/management/ ↩ ↩2 ↩3

  50. https://www.bloomberg.com/profile/person/Ola-Kallenius ↩

  51. https://group.mercedes-benz.com/company/management/ ↩

  52. https://group.mercedes-benz.com/investors/corporate-governance/supervisory-board/ ↩ ↩2

  53. https://group.mercedes-benz.com/investors/corporate-governance/annual-general-meeting/ ↩ ↩2 ↩3 ↩4

  54. https://bdsmovement.net/mercedes-benz ↩

  55. https://www.ohchr.org/en/documents/thematic-reports/ahrc5923-economy-occupation-economy-genocide ↩ ↩2 ↩3