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Author name: Stop Explosive Investments Team

Campaigners in Italy promote disinvestment from cluster munitions producers

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Campaigners worldwide celebrate the fifth anniversary of the entry into force of the historic Convention on Cluster Munitions (CCM). To date, 117 countries have joined the Convention, committing themselves to a world free of cluster bombs. In 2008 governments negotiated an international treaty, formally known as the Convention on Cluster Munitions (CCM), that bans the […]

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Call on JP Morgan Chase to stop investing in cluster munitions producers

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Change.org, a US based online petition platform with over 85 million users in 196 countries, launched a disinvestment e-petition last month. The petition targets US bank JP Morgan Chase to stop investing in producers of cluster munitions. To date, more than 30.000 people signed on to the call. The petition was launched by Lynn Bradach.

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Financial institutions worldwide invested billions of dollars in U.S. producer of cluster munitions used in Yemen

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According to Cluster Munition Coalition-member Human Rights Watch there is credible evidence that the Saudi-led coalition recently used banned cluster munitions supplied by the United States in airstrikes against Houthi forces in Yemen. Cluster munitions are banned under the 2008 Convention on Cluster Munitions (CCM). Saudi Arabia, Yemen nor the United States have joined the

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Canadian financial institutions announce ban on cluster munitions investments

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NEI Investments and Desjardins Investments (Canada) announced they have banned investments in cluster munitions producers. Both financial institutions already had cluster munitions policies in place for specific funds and have now extended that exclusion to all products, according to the financial companies. The Cluster Munition Coalition (CMC) welcomes this announcement. A comprehensive ban on investments in

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Banks Behaving Badly: US$27bn invested in cluster munition producers while use of banned weapon continues in Ukraine and Syria

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151 financial institutions worldwide invested US$27 billion in companies producing cluster munitions from 2011 to 2014, according to a report launched today by Cluster Munition Coalition member PAX (the Netherlands). The report, “Worldwide Investments in Cluster Munitions: a shared responsibility,” details the scale of investment in companies producing this banned weapon by banks, pension funds

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Global Day of Action 2014

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On 27 November 2014, PAX will launch the 2014 edition of the ‘Worldwide Investments in Cluster Munitions: A Shared Responsibilty‘ report. The report launch will coincide with campaigners from the Cluster Munition Coalition taking part in a global day of action calling on financial institutions worldwide to end all explosive investments in cluster munition producers

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‘Positive example guide’ for states to ban investments in cluster munitions producers

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PAX (formerly IKV Pax Christi) presented its latest report on the efforts by states to end investments in cluster munitions in Geneva today. States Parties to the Convention on Cluster Munitions (CCM) and campaigners from all over the world are gathered this week to discuss the convention’s progress. PAX, together with the CMC, will put

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Dutch banks drop US investor for lack of cluster munitions policy

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Dutch banks ABN Amro and Rabobank announced recently they will stop offering funds provided by Franklin Templeton Investments (US) because the US firm does not have a formal policy in place that bans investments in cluster munitions producers. The positive announcement comes a little over a year since a ban on direct and demonstrable investments

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Over US$24 billion invested in cluster bomb producers worldwide: Financial institutions and governments urged to stop explosive investments

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139 financial institutions worldwide are investing over US$24 billion in companies producing cluster munitions according to a report launched today by Cluster Munition Coalition member IKV Pax Christi (the Netherlands). The report “Worldwide Investments in Cluster Munitions: a Shared Responsibility”, details the scale of investment in the producers of this deadly weapon by banks, pension

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