Worldwide investments in CLUSTER MUNITIONS

Van Lanschot maintains an exclusion list, which is featured on the website of Van Lanschot’s asset manager
and subsidiary Kempen & Co’s website. The list currently contains the following companies for involvement
in cluster munitions: Aeroteh, Aryt Industries, Ashot Ashkelon, Blueprint Technologies, Boeing, China
Aerospace Science and Technology Corporation, China North Industries Group Corporation, China Spacesat,
General Dynamics, Hanwha Corporation, Israel Military Industries, Inner Mongolia North Heavy Industries,
Korea Aerospace Industries, Larsen and Toubro, Lockheed Martin, Motovilikha Plants, Nabha Power Limited,
Norinco, North Huajin Chemical Industries Co, North Navigation Control Technology Co, Orbital ATK,
Poongsan Corporation, Poongsan Holdings Corporation, Raytheon, Roketsan, Singapore Technologies
Engineering and Textron. 623 The list is based on the findings of external research provider MSCI ESG Research. 624
How to gain a place in the Hall of Fame?
To be listed in the Hall of Fame, Van Lanschot should apply the policy to all externally managed passive
funds that contain cluster munitions producers.
2.2.46 Vontobel (Switzerland)
Vontobel is a Swiss financial institution with activities in investment banking, private banking and asset
management. 625
Vontobel’s Guidelines on Cluster Bombs and Landmines state that Vontobel does not finance or invest in
cluster munitions producers or their parent companies within the framework of actively managed assets.
Vontobel does not provide clients with advice on investing in these companies. 626 The exclusion policy,
however, does not apply to all products that Vontobel offers. Clients can still request Vontobel to invest in
cluster munitions companies on their behalf. 627 Furthermore, the exclusion policy does not cover Vontobel’s
passively managed structured products based on an index. 628
Vontobel uses an exclusion list, which is based on the data from external research organisation Vigeo and
own research. The list is updated on an annual basis, but it is not publicly available. 629
How to gain a place in the Hall of Fame?
To gain a place in the Hall of Fame, Vontobel would have to expand the scope of its policy to cover all
products, including its passively managed funds and the assets managed for clients. This means that it
should eliminate the exception for clients that wish to invest in cluster munitions producers.
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