Cluster Munition Coalition calls on govts to stop banks investing in companies producing cluster bombs

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29 October 2009

Campaign calls on Governments to stop the funding of cluster bombs

Author: Cluster Munition Coalition

The 2008 Convention on Cluster Munitions is an international treaty that bans the use, production, stockpiling and transfer of cluster munitions...A new report...finds that some banks and other financial institutions in countries that have signed the ban, such as the UK, Germany and Japan, are continuing to invest in companies producing cluster bombs...Over $5 billion USD is being provided in loans to cluster bomb producers, over $4.2 billion USD is provided in investment banking services, and $11.8 billion USD is owned or managed in shares and bonds. “...You cannot ban a weapon because of the humanitarian harm it causes but allow banks to continue profiting from the production of these weapons somewhere else,” said [Cluster Munitions Coalition president Thomas] Nash.

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20 October 2009

[PDF] Worldwide Investments in Cluster Munitions: a shared responsibility

Author: Esther Vandenbroucke, IKV Pax Christi & Roos Boer, Netwerk Vlaanderen

This institutions’ investment in companies that develop or produce cluster munitions, on financial institutions disinvesting from producers of cluster munitions and on legislative measures to prohibit investment in cluster munitions. [refers to Aerostar (part of Raven), Aberdeen Asset Management, Acadian Asset Management, Alaska Permanent Fund Corporation (APFC), Alexandra Investment Management, Alliant Techsystems ATK, Allianz Germany, Allstate Corporation, ANZ Bank, Aristeia International Limited, Arnhold & S Bleichroeder Advisers, Aronson Johnson & Ortiz, Aselsan, AXA, Balanced Equity Management, BAE Systems, Banco Bilbao Vizcaya Argentaria, Bank of America, Bank of New York Mellon, Bank of Tokyo-Mitsubishi UFJ, Barclays, Bayerische Landesbank, Bear Sterns, BlackRock, BMO Financial Group, BlackRock United States, BNP Paribas France, Caisse de Depot et Placement du Québec, Calamos Holdings, California Public Employee's Retirement System (CalPERS), Calyon, Canadian Imperial Bank of Commerce, Canyon Capital Advisors, Capital Group, Cheonan Bukil Education Foundation, CI Financial Corporation, Citadel Group, Citigroup, Commerzbank, Co-operative Financial Services, CQS, Credit Suisse, Daewoo Securities, Daiwa Asset Management, DBS, Deutsche Bank, Dimensional Fund Advisors, Dongbu Securities, EADS, Eagle Capital Management, Eaton Vance Corporation, Edgewood Management, Epoch Investment Partners, Export Import Bank of Korea, Fidelity, Finmeccanica, Gencorp, General Dynamics, General Electric (GE), Genesis Investment Management Goldman Sachs, Grantham Mayo Van Otterloo & Co, Great-West Lifeco, Hanwha Securities, Henderson Global Investors, Honeywell International, HMC Investment Bank, HSBC, Hua Nan Bank, Intesa San Paolo, Invesco Janus Capital Group, Jennison Associates, JP Morgan Chase, Kaman, Kamunting Street Master Fund, KBC Bank, Kokusai Asset Management, Kookmin Bank, Korea Development Bank, Korea Investment & Securities, Lazard Capital Markets, L-3 Communications, Legal & General, Legg Mason, Global Asset Management, Linden Capital, Lloyds TSB Bank, Lockheed Martin, Lord Abbet & Co., LSV Asset Management, Lydian Asset Management, Magellan Aerospace, Marsico Capital Management, Mellon Capital Management, Meritz Securities, Merrill Lynch, Metzler Investments, MFS Investment Management, Mirae Asset Securities, Mizuho Bank, Morgan Stanley, Natixis, National City Bank, Neuberger Berman United States, Newton Investment Management, Northrop Grumman, Nuveen Investments, Old Mutual, OppenheimerFunds, People’s Bank (People's United Bank), Platinum Grove Asset Management, Poongsan, PPM America, Principal Financial Group, Prudential Asset Management, Pzena Investment Management, Regions Bank, Rheinmetall, Royal Bank of Scotland, Roketsan, Russell Investment Group, Riyad Bank, Sandelman Partners, Schroder Investment Management, Scotiabank, Shinhan Bank, Shin Heung Securities, Singapore Technologies, SK Securities, Société Générale, Standard Life, State Street, Sumitomo Mitsui Banking Corporation, SunTrust Bank, Teachers Insurance & Annuity Association, Temasek Holdings, Thales, Textron, T Rowe Price Group, UBS, Union Investment Group, United Overseas Bank, Universal Investment Gesellschaft, US Bank, Vakifbank (Türkiye Vakiflar Bankasi), Vanguard Group, Vaughan Nelson Investment Management, Veritas Asset Management, Vicis Capital, Wachovia Bank, Wellington Management Company, Wells Fargo Bank, WestLB, Westwood Holdings Group, William Street Commitment Corporation, Woori Investment & Securities, Zodiac; also refers to positive initiatives by ASN Bank, Banca Etica, Danske Bank, Dexia, Ethias Belgium, Folksam, Fortis NL, ING, KBC, Nordea, NPRI, NZ Super Fund, PGGM, Philips Pension Fund, Rabobank, Storebrand, Syntrus Achmea, Triodos Bank]

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