Worldwide investments in CLUSTER MUNITIONS
report-worldwide_investments_cluster_munitions-2016
report-worldwide_investments_cluster_munitions-2016
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Appendix 1 – Glossary<br />
ABBREVIATIONS<br />
AM<br />
CCM<br />
CMC<br />
CM<br />
DRC<br />
ESG<br />
FI<br />
IM<br />
Lao PDR<br />
NGO<br />
PF<br />
SOAR<br />
SRI<br />
SWF<br />
UAE<br />
UK<br />
US<br />
UXO<br />
Asset Management<br />
Convention on Cluster Munitions<br />
Cluster Munition Coalition<br />
Cluster Munitions<br />
Democratic Republic of Congo<br />
Environmental, social and governance criteria<br />
F<strong>in</strong>ancial Institution<br />
Investment Management<br />
Lao People’s Democratic Republic<br />
Non-Governmental Organisation<br />
Pension Fund<br />
State-of-the-art Report<br />
Socially Responsible Investment<br />
Sovereign Wealth Fund<br />
United Arab Emirates<br />
United K<strong>in</strong>gdom<br />
United States<br />
Unexploded Ordnance<br />
DEFINITIONS<br />
Asset Management<br />
Asset management means hold<strong>in</strong>g or manag<strong>in</strong>g stocks (= shares) or debt securities (= bonds) of a company,<br />
either on the <strong>in</strong>vestor’s own behalf, or on behalf of third parties (this <strong>in</strong>cludes development or sale of<br />
<strong>in</strong>vestment funds conta<strong>in</strong><strong>in</strong>g stocks or debt securities from companies).<br />
Bank<br />
A bank is a f<strong>in</strong>ancial <strong>in</strong>stitution licensed by a government. Its primary activities <strong>in</strong>clude borrow<strong>in</strong>g and<br />
lend<strong>in</strong>g money. Many other types of f<strong>in</strong>ancial activities have been allowed over time. For example, banks are<br />
important players <strong>in</strong> f<strong>in</strong>ancial markets; they offer f<strong>in</strong>ancial products, among which are <strong>in</strong>vestment funds.<br />
Most banks offer <strong>in</strong>vestment bank<strong>in</strong>g services, commercial bank<strong>in</strong>g services and asset management.<br />
Commercial Bank<strong>in</strong>g (loans)<br />
Commercial bank<strong>in</strong>g <strong>in</strong>cludes offer<strong>in</strong>g or participat<strong>in</strong>g <strong>in</strong> loans to companies via either general corporate<br />
f<strong>in</strong>anc<strong>in</strong>g or project f<strong>in</strong>anc<strong>in</strong>g.<br />
Discretionary Mandate<br />
A discretionary mandate gives asset managers the authority to manage the assets on behalf of a client <strong>in</strong><br />
compliance with a pre-def<strong>in</strong>ed set of rules. This mandate is limited and specific to a s<strong>in</strong>gle <strong>in</strong>vestor.<br />
Ethical F<strong>in</strong>ancial Institutions<br />
Ethical f<strong>in</strong>ancial <strong>in</strong>stitutions are usually small(er) f<strong>in</strong>ancial <strong>in</strong>stitutions, founded to serve as a source of<br />
capital for susta<strong>in</strong>able projects and companies. Susta<strong>in</strong>able energy, organic food and cultural activities are<br />
examples of specific sectors <strong>in</strong> which these f<strong>in</strong>ancial <strong>in</strong>stitutions <strong>in</strong>vest. These f<strong>in</strong>ancial <strong>in</strong>stitutions tend not<br />
to get <strong>in</strong>volved <strong>in</strong> the arms sector. They usually have detailed procedures <strong>in</strong> place to avoid <strong>in</strong>vest<strong>in</strong>g <strong>in</strong><br />
unethical <strong>in</strong>dustries like arms production, gambl<strong>in</strong>g, etc.<br />
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