Albanese: GHF is a Trap that Violates Principles of Human Dignity and Protection
She emphasized that Gaza's siege must be broken externally, declaring:
'This is no longer a matter of political negotiation — this is about ending the violence, halting forced displacement, and stopping the annexation of East Jerusalem.'
Albanese noted that corporate profiteering from the war in Gaza is rampant. 'Some companies that should have divested from Israel instead increased their profits by 120%, reaching a staggering $70 billion,' she said, highlighting the corporate complicity in Israel's actions.
Speaking before the UN Human Rights Council in Geneva, Albanese presented her latest report, calling for:
A global arms embargo on Israel
The severance of trade and financial ties with the occupation
Corporate accountability for contributing to genocide
She affirmed her report contains documented evidence that Israeli actions in Gaza constitute genocide, describing it as:
'One of the most brutal genocides of modern history. What Israel is doing is not a war — it is a campaign of extermination.'
Albanese added that Israel has been supplied with over 35,000 tons of explosives — six times the destructive power of the Hiroshima atomic bomb. She stressed that international law must be enforced to end this cycle.
'There is no exit from this situation except by recommitting to the standards of the International Court of Justice. The time has come for companies complicit in genocide to face consequences,' she said.
Albanese urged over a thousand international companies to immediately sever ties with Israel or be prepared to face legal and reputational repercussions. She praised Norway's KLP pension fund, which announced on Monday it would end its dealings with Oshkosh Corporation (U.S.) and Thyssenkrupp (Germany) due to their potential role in supplying military equipment used in Gaza.
Although neither company was directly named in the UN report, Albanese referenced historical precedents such as:
The IG Farben trial during the Nuremberg prosecutions
South Africa's Truth and Reconciliation Commission, which held corporations accountable for apartheid-era abuses
She also invoked the UN Guiding Principles on Business and Human Rights (2011), which assert that companies must avoid contributing to human rights violations and mitigate any harm caused by their operations.
In conclusion, Albanese called for sanctions, legal action, and corporate prosecution at both national and international levels, including through the International Criminal Court, to dismantle the financial infrastructure sustaining the war on Gaza.
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