Worldwide investments in CLUSTER MUNITIONS

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707 Curia Vista, ”Loi fédérale sur le matériel de guerre (LFMG). Modification du 16 mars 2012” (“Federal Law on War Material (LFMG). Amendment of March 16 2012”), 16 March 2012, available at www.admin.ch/opc/fr/officialcompilation/2013/295.pdf, last viewed 4 February 2016; The Federal Authorities of the Swiss Confederation, “Federal Act on War Material (War Material Act, WMA)”, the Federal Authorities of the Swiss Confederation website (www.admin.ch/opc/en/classified-compilation/19960753/index.html), viewed 4 February 2016. 708 L’Assemblée fédérale – Le Parliament Suisse (“Interpellation. Interdiction du financement direct et indirect des armes nucléaires”) (“Interpellation. Prohibition of direct and indirect funding of nuclear weapons”), 22 March 2013, Swiss Parliament website (www.parlament.ch/fr/ratsbetrieb/suche-curia-vista/geschaeft?AffairId=20133243), viewed 4 April 2016. 709 L’Assemblée fédérale – Le Parliament Suisse (“Avis du Conseil Fédéral”) (“Opinion of the Federal Council”), 15 May 2013, Swiss Parliament website (www.parlament.ch/fr/ratsbetrieb/suche-curia-vista/geschaeft?AffairId=20133243), viewed 4 April 2016. 710 L’Assemblée fédérale – Le Parliament Suisse (“Interpellation. Interpellation Allemann Evi. Verbot der direkten und indirekten Finanzierung von Atomwaffen. Interpellation. Interdiction du financement direct et indirect des armes nucléaires”) (“Interpellation. Prohibition of direct and indirect funding of nuclear weapons”), 21 June 2013, Swiss Parliament website (www.parlament.ch/fr/ratsbetrieb/amtliches-bulletin/amtliches-bulletin-dieverhandlungen?SubjectId=31921), viewed 4 April 2016. 711 Curia Vista, “Motion Interdiction du financement indirect de matériels de guerre prohibés. Regrettable lacune” (“Motion Prohibition on indirect investments in prohibited war material. Regrettable gap”), 21 March 2014, available at www.parlament.ch/f/suche/pages/geschaefte.aspx?gesch_id=20143253, last viewed 4 February 2016. 712 Curia Vista, “Avis du Conseil fédéral du 14.05.2014” (“Advice of the Federal Council dating 14 May 2014”), 14 May 2014, available at www.parlament.ch/f/suche/pages/geschaefte.aspx?gesch_id=20143253, last viewed 4 February 2016. 713 L’Assemblée fédérale – Le Parliament Suisse (“General Assembly – the Swiss Parliament”), “Motion Allemann Evi. Kein Schlupfloch im Verbot der indirekten Finanzierung von verbotenen Kriegsmaterial. Motion Allemann Evi. Interdiction du financement inidrect de matériels de guerre prohibés. Regrettable lacune” (“Motion Allemann Evi. Prohibition on indirect investments in prohibited war material. Regrettable gap”), 29 February 2016, Swiss Parliament website (www.parlament.ch/fr/ratsbetrieb/amtliches-bulletin/amtliches-bulletin-dieverhandlungen?SubjectId=36605), viewed 4 April 2016. 714 Curia Vista, ”Loi fédérale sur le matériel de guerre (LFMG). Modification du 16 mars 2012” (“Federal Law on War Material (LFMG). Amendment of March 16 2012”), 16 March 2012, available at www.admin.ch/opc/fr/officialcompilation/2013/295.pdf, last viewed 11 February 2016; The Federal Authorities of the Swiss Confederation, “Federal Act on War Material (War Material Act, WMA)”, the Federal Authorities of the Swiss Confederation website (www.admin.ch/opc/en/classified-compilation/19960753/index.html), viewed 4 February 2016. 715 Curia Vista, ”Loi fédérale sur le matériel de guerre (LFMG). Modification du 16 mars 2012” (“Federal Law on War Material (LFMG). Amendment of March 16 2012”), 16 March 2012, available at www.admin.ch/opc/fr/officialcompilation/2013/295.pdf, last viewed 11 February 2016; The Federal Authorities of the Swiss Confederation, “Federal Act on War Material (War Material Act, WMA)”, the Federal Authorities of the Swiss Confederation website (www.admin.ch/opc/en/classified-compilation/19960753/index.html), viewed 4 February 2016. 716 Curia Vista, ”Loi fédérale sur le matériel de guerre (LFMG). Modification du 16 mars 2012” (“Federal Law on War Material (LFMG). Amendment of March 16 2012”), 16 March 2012, available at www.admin.ch/opc/fr/officialcompilation/2013/295.pdf, last viewed 11 February 2016; The Federal Authorities of the Swiss Confederation, “Federal Act on War Material (War Material Act, WMA)”, the Federal Authorities of the Swiss Confederation website (www.admin.ch/opc/en/classified-compilation/19960753/index.html), viewed 4 February 2016. 266
717 Curia Vista, “Interdiction du financement direct et indirect des armes nucléaires” (“Prohibition on direct and indirect financing of nuclear weapons”), 15 May 2013, available at www.parlament.ch/f/suche/pages/geschaefte.aspx?gesch_id=20133243, last viewed 4 February 2016. 718 European Parliament, “European Parliament Resolution on a Mine-Free World”, 7 July 2005, available at www. europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+TA+P6-TA-2005-0298+0+DOC+XML+V0//EN, last viewed 4 February 2016. 719 European Parliament, “European Parliament Resolution of 25 October 2007: Towards a Global Treaty to Ban All Cluster Munitions”, available at www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+TA+P6-TA-2007- 0484+0+DOC+XML+V0//EN, last viewed 4 February 2016. 720 Cluster Munition Coalition, “Australia ratifies cluster bomb ban”, Cluster Munition Coalition website (www.stopclustermunitions.org/en-gb/media/news/2012/australia-ratifies-cluster-bomb-ban.aspx), viewed 4 February 2016. 721 Parliament of Australia, “Criminal Code Amendment (Cluster Munitions Prohibition) Act 2012”, 8 September 2012, available at parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbills%2 Fr4487_aspassed%2F0000%22;rec=0, last viewed 4 February 2016. 722 Parliament of Australia, “Criminal Code Amendment (Cluster Munitions Prohibition) Bill 2010 Second Reading”, 27 October 2010, available at parlinfo.aph.gov.au/parlInfo/download/chamber/hansardr/2010-10-27/toc_pdf/7796-6. pdf;fileType=application%2Fpdf, last viewed 12 April 2016. 723 The Senate, Foreign Affairs, Defence and Trade Legislation Committee. “Criminal Code Amendment (Cluster Munitions Prohibition) Bill 2010 [Provisions]”, March 2011, p. 59, available at www.aph.gov.au/senate/committee/ fadt_ctte/ccab_cmp_2010/report/report.pdf, last viewed 14 April 2011. Available from the PAX archives. 724 Landmine & Cluster Munition Monitor, “Bosnia and Herzegovina”, last updated 31 July 2015, available at the-monitor.org/en-gb/reports/2015/bosnia-and-herzegovina/cluster-munition-ban-policy.aspx, last viewed 19 April 2016. 725 Ministry of Foreign Affairs, Head of Convention Weapons Department, email to Human Rights Watch, 14 July 2011. 726 Landmine & Cluster Munition Monitor, “Cameroon”, last updated 13 July 2015, available at the-monitor.org/en-gb/reports/2015/cameroon/cluster-munition-ban-policy.aspx, last viewed 19 April 2016. 727 Ministry of External Relations of Cameroon, letter to Handicap International France, 12 May 2011. 728 Landmine & Cluster Munition Monitor, “Canada”, last updated 31 July 2015, available at www.the-monitor.org/en-gb/reports/2015/canada/cluster-munition-ban-policy.aspx, last viewed 8 January 2016. 729 Parliament of Canada, “Debates of the Senate (Hansard)”, 1 May 2012, available at www.parl.gc.ca/Content/Sen/Chamber/411/Debates/073db_2012-05-01-e.htm, last viewed 4 February 2016. 730 Email from John MacBride, Senior Defence Advisor, Non-Proliferation and Disarmament Division, Foreign Affairs and International Trade Canada, to Human Rights Watch, 9 July 2012. 731 Open Parliament Canada, “House of Commons Hansard #258 of the 41st Parliament, 1st Session”, 29 May 2013, Open Parliament website (openparliament.ca/debates/2013/5/29/deepak-obhrai-1/), viewed 4 February 2016. 732 Landmine & Cluster Munition Monitor, “Colombia”, last updated 11 August 2015, available at the-monitor.org/en-gb/reports/2015/colombia/cluster-munition-ban-policy.aspx, last viewed 19 April 2016. 267
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June 2016 update Worldwide investme
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PAX (formerly IKV Pax Christi, the
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1.2.24 BB&T (United States) 61 1.2.
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1.2.130 Sealand Securities (China)
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2.2.29 NIBC (the Netherlands) 177 2
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9
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in place, financial institutions ha
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In the research period, these 158 f
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Worthy of mention here are two fina
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Methodology: Questions and Answers
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Sources Of Information For The Hall
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Summary Tables Hall of Shame The fo
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Financial institution in the Hall o
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Financial institution in the Hall o
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Country of origin of financial inst
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PFA Pension Denmark X X X X X PGGM
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NIBC The Netherlands X X X Nordea S
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Introduction Investing in Cluster M
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arise from two arguments: the contr
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We define a cluster munitions produ
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1.1.3 Hanwha (South Korea) Hanwha C
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for surveillance and component test
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Textron argues that the weapon cont
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1.2 The Investments 1.2.0 Introduct
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• Results The following contains
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Norinco Norinco Norinco Norinco Chi
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1.2.8 AQR Capital Management (Unite
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1.2.13 BancPlus (United States) Ban
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Orbital ATK Orbital ATK Inc General
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Norinco Norinco Norinco Norinco Nor
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1.2.21 Bank of New York Mellon (Uni
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1.2.24 BB&T (United States) BB&T (U
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1.2.28 California First National Ba
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1.2.32 Central Pacific Financial Co
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1.2.35 China Development Bank (Chin
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1.2.38 China Investment Securities
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1.2.41 China Minsheng Banking (Chin
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1.2.44 CITIC (China) CITIC (China)
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1.2.47 Comerica (United States) Com
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Hanwha Hanwha Hanwha Hanwha Corp Ha
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1.2.56 Donghai Securities (China) D
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Eaton Vance owns or manages bonds o
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1.2.65 Fifth Third Bancorp (United
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Shareholdings managed by Franklin R
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Goldman Sachs owns or manages share
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Hanwha Hanwha Hanwha Hanwha Corp Ha
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1.2.79 Huatai Securities (China) Hu
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1.2.82 Industrial and Commercial Ba
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Invesco owns or manages bonds of th
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1.2.86 KB Financial Group (South Ko
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KeyCorp has underwritten bond issua
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1.2.91 Kyobo AXA Investment Manager
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1.2.95 LIG Group (South Korea) LIG
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1.2.99 Manulife Financial (Canada)
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1.2.103 Midas International Asset M
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Mitsubishi UFJ Financial has underw
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1.2.108 National Pension Service (S
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1.2.113 Northern Trust (United Stat
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1.2.117 People’s Insurance Compan
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1.2.120 Piper Jaffray (United State
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1.2.123 Prudential (United Kingdom)
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Regions Financial has underwritten
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1.2.129 Samsung Group (South Korea)
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1.2.132 Shenwan Hongyuan Group (Chi
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1.2.135 Siemens (Germany) Siemens (
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1.2.139 State Street (United States
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1.2.142 Sun Life Financial (Canada)
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1.2.145 T. Rowe Price (United State
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1.2.150 US Bancorp (United States)
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1.2.152 Viking Global Investors (Un
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Wells Fargo has underwritten bond i
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1.2.157 WisdomTree Investments (Uni
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financial institutions listed are o
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This means that “any loan or fina
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In September 2010, the FDC’s Admi
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2.1.10 Swedish Pension Fund AP7 (Sw
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2.1.14 A.S.R. (the Netherlands) A.S
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DNB’s Group Policy Corporate Soci
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2.1.25 Pensioenfonds Horeca & Cater
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In 2007, PME strengthened its own g
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2.1.35 Stichting Pensioenfonds Huis
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2.2 Runners-up Financial Institutio
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2.2.1 ABN Amro (the Netherlands) AB
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Retail investment funds are beyond
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2.2.9 Belfius (Belgium) Belfius is
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Since 2011, all investment recommen
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Deutsche Bank’s Policy on Cluster
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HSBC’s Defence Equipment Sector P
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2.2.24 KBC (Belgium) KBC Group is a
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How to gain a place in the Hall of
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2.2.36 Royal Bank of Scotland (Unit
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2.2.40 Stichting Pensioenfonds APF
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The policy only covers project fina
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2.3 Countries’ Best Practices 2.3
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“Also prohibited is the financing
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2.3.2 Ireland BACKGROUND Ireland wa
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2.3.3 Italy BACKGROUND Italy signed
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2 Direct financing within the meani
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COMMENTARY What does the legislatio
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A Dutch financial institution in vi
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The legislation was unanimously ado
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2.3.9 Spain BACKGROUND The Kingdom
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“Art. 35b Offences against the pr
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DISINVESTMENT - MINISTERIAL AND INT
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2.3.19 Croatia The Republic of Croa
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On 1 June 2011, a Ministry of Forei
Page 217 and 218: 2.3.34 Rwanda The Republic of Rwand
Page 219 and 220: Conclusion and recommendations As t
Page 221 and 222: Funds following an index 789 A fund
Page 223 and 224: 16 Article 1: “General Obligation
Page 225 and 226: 34 Hanwha Corporation, “130 mm Mu
Page 227 and 228: 61 Federal Procurement Data System,
Page 229 and 230: 90 Textron Systems, “Textron Syst
Page 231 and 232: 115 AFP, “S’pore says no to clu
Page 233 and 234: 146 Fonds de Compensation, “Socia
Page 235 and 236: 180 ABP, “Uitgesloten bedrijven e
Page 237 and 238: 216 Delta Lloyd Asset Management,
Page 239 and 240: 248 PenSam, written response to Pro
Page 241 and 242: 283 PME, “De 10 PME Principes voo
Page 243 and 244: 313 SPH, “Maatschappelijk Verantw
Page 245 and 246: 342 Achmea, “Uitsluitingsbeleid
Page 247 and 248: 374 La Banque Postale, “Registrat
Page 249 and 250: 411 Commerzbank, written response t
Page 251 and 252: 448 Ethias, “Resultaten 2014” (
Page 253 and 254: 481 Intesa Sanpaolo, “About Us”
Page 255 and 256: 514 New Zealand Superannuation Fund
Page 257 and 258: 548 PKA, “Vi Tager Ansvar” (“
Page 259 and 260: 583 Standard Chartered, “Defence
Page 261 and 262: 616 UniCredit Group, “UniCredit P
Page 263 and 264: 647 “Wet houdende regeling van ec
Page 265 and 266: 672 Landmine & Cluster Munition Mon
Page 267: 694 “Cluster Munitions Prohibitio
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Worldwide investments in CLUSTER MUNITIONS

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