Italy has recently implemented a new law that prohibits all companies from funding manufacturers of anti-personnel mines, cluster munitions and submunitions. On 9 December 2021 the President of the Republic Sergio Mattarella, promulgated the law (original italian version) on “disinvestment’s” (LAW No. 220). LAW No. 220 applies to all companies, regardless of their legal personality …
Italy bans investments in cluster bomb producers Read More »
The ICRC has updated its checklist for the implementation of the Convention on Cluster Munitions (CMC). It helps States Parties draft national legislation to implement the Convention and complements the ICRC’s model implementation law. Article 9 of the CMC requires States Parties to prevent the actions prohibited under the Convention from being undertaken under its …
During the 74th meeting of the First Committee of the General Assembly of the United Nations, Ecuador and Madagascar have reiterated their rejection of investments in cluster munition producers. The United Nations General Assembly is where all UN member states discuss issues of international peace and security . After two weeks of General Debate that …
Ecuador and Madagascar reject cluster munitions financing at UN Read More »
During the annual meeting of states parties to the Convention on Cluster Munitions (CCM), states have collectively condemned all use of cluster munitions by any actor. Several states also called to end investments in cluster munitions producers. High numbers of cluster munition casualties in Syria… Russian and Syrian government forces have used cluster munitions in …
States condemn continued use of cluster munitions in Syria Read More »
The S&P500 is one of the oldest index funds around, and underlies many investment products. The index tracks the stock of 500 of the largest U.S. companies across industries. As demand for ESG screened investment products continues to grow, there’s now a new alternative index that excludes nuclear weapon producers, but only excluding controversial weapons …
S&P’s new ESG option excludes controversial weapons, but it’s not enough Read More »
Following pressure from the financial sector, Elbit Systems has confirmed its newly acquired subsidiary IMI Systems will be discontinuing its activities related to cluster munitions. Elbit Systems has also stated to PAX that all Elbit Systems munitions activities will be in accordance with the Convention on Cluster Munitions.
Israeli arms company Elbit Systems is said by Israeli media that its recently acquired subsidiary IMI Systems will no longer produce cluster munitions. IMI Systems has long been considered a producer of cluster munitions and was until recently government owned. IMI Systems has produced amongst others the M85, M970, M971, RAM cluster munitions and continued to …
Elbit Systems says it will discontinue cluster munitions production Read More »
Widespread rejection of cluster munitions investment marks 10-year success of global weapons ban The global ban on cluster munitions is having an extraordinary impact on limiting investments in these weapons, which indiscriminately kill and maim civilians, says the Worldwide Investments in Cluster Munitions report released today. Compared to the 2017 report, the global level of …
During the annual meeting of states parties to the Convention on Cluster Munitions (CCM), states have collectively condemned all use of cluster munitions
Four Japanese banks and insurance companies have stopped certain investments in producers making cluster bombs, according to reports today in several Japanese media outlets. The reports say the financial institutions are responding to public outrage generated by the launch of the PAX report ‘Worldwide Investments in Cluster Munitions’ in Tokyo in May 2017. The study’s …
