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Campaign news (archive)

New Briefing paper on ‘Investments on behalf of clients’ in the campaign toolkit!

Campaign news (archive) / /

New addition to the campaign toolkit! We added a briefing paper to the campaign toolkit on ‘investments on behalf of clients’. Many financial institutions do not apply their cluster munitions exclusion policy to investments on behalf of clients. This paper explains what is meant by the term ‘investments on behalf of clients’ and why financial […]

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Poongsan: stop producing cluster bombs

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Today, campaigners from 49 countries around the world, representing hundreds of civil society organizations, signed a joint letter urging the CEO of Poongsan to immediately halt the production of cluster munitions. The countries represented are Afghanistan, Argentina, Australia, Austria, Azerbaijan, Bangladesh, Belarus, Canada, Chile, Colombia,  Denmark, Egypt, El Salvador, Ethiopia, Finland, France, Germany, Guatemala, India,

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Check your change! Coins made by producer of banned cluster bombs

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Cluster bomb producer world leader for EU coin blanks Last year, the Dutch television program Keuringsdienst van Waarde broadcasted a revealing episode that uncovered the alarming link between European mints and cluster munitions producer Poongsan. Mint companies from the EU, often state owned, buy blank coins from the South-Korean company, and turn these into (national)

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New Zealand: petition to end investments in producers of banned weapons

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Member of Parliament for the Green Party in New Zealand James Shaw has accepted a petition supported by 16,000 concerned citizens calling on Commerce Minister Paul Goldsmith and Prime Minister John Key to tighten up the law around investments in land mines, cluster munitions and nuclear weapons. “It’s not okay to make money from companies

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Meeting of States Parties: states condemn use of cluster munitions & Stop Explosive Investments side event

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During the sixth Meeting of States Parties to the Convention on Cluster Munitions (5 to 7 September 2016), states adopted a political declarationproposed by the Dutch presidency condemning all  use of cluster munitions. Recently, the Russian/Syrian joint military operation has extensively used cluster munitions in Syria. During 2015 and 2016, the coalition led by Saudi Arabia has

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Textron to end the production of cluster munitions

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US company Textron announced it will end its involvement with cluster munitions. It produced the Sensor Fuzed Weapon (SFW), which is banned under the 2008 Convention on Cluster Munitions (CCM). This good news comes a few days before the Sixth Meeting of States Parties to the Convention on Cluster Munitions in Geneva next week. Over the years,

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World’s leading financial institutions in Hall of Shame for investments in cluster munitions producers

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From Canada, CI Financial, Manulife Financial, Royal Bank of Canada and Sun Life Financial are also included in the Hall of Shame. Jointly, these Canadian financial institutions invested US$565 million in cluster munitions producers between June 2012 and April 2016. The report by Dutch peace organisation PAX was released today in Ottawa, together with the

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Welcome to the Hall of Fame NEI Investments!

Campaign news (archive) / /

NEI Investments is the first Canadian financial institution in the Hall of Fame of the ‘Worldwide Investments in Cluster Munitions’ report. We welcome NEI Investments to the Hall of Fame and urge all other financial institutions to follow its example and adopt a comprehensive policy prohibiting all investment in cluster munitions producers. The 2016 update

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Singapore Technologies Engineering stops production of cluster munitions

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Since the Stop Explosive Investments campaign started in 2009, Singapore Technologies Engineering (STE) has been on the short list of cluster munition producers in the Worldwide Investments report by Cluster Munition Coalition member PAX. Six years after the start of the disinvestment campaign, the CEO from STE has now informed us through a letter that

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Case study: banning investments in cluster munitions

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Cluster Munition Coalition- member organisation PAX’s presented its latest case study today. The report shows that it is not only possible to install legislation banning investments in cluster munitions, but that financial institutions largely think such a ban is a good idea. In the Netherlands, disinvestment legislation has provided clarity and guidance to the financial

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