On 1 September 2013 a ban on direct and indirect investments in cluster munitions came into effect in Liechtenstein. This comes on the same day as the Principality of Liechtenstein became a State Party to the 2008 Convention on Cluster Munitions (CCM), following its accession to the Convention on 4 March 2013, and a mandated …
Liechtenstein bans direct and indirect investments in cluster munitions Read More »
Did you know your National Pension Fund is funding illegal weapons? This is the title of the recent campaign of South Korea’s Cluster Munition Coalition (CMC) member Weapon Zero and partners. Targeting the National Pension Service of Korea (NPS) – the biggest investor in producers of cluster munitions in the country – Weapon Zero aims …
The Cluster Munition Coalition (CMC) welcomes the news that Denmark’s Business and Growth Minister Annette Vilhelmsen, has declared an intention to legislate on investments in cluster munitions and landmines. “I will now make sure that Danish investments are not used in the production of these weapons”, Vilhelmsen says. “Personally I would like to be sure …
A growing groups of states are speaking out against investments in cluster munitions. The latest IKV Pax Christi (the Netherlands) and FairFin (Belgium) report “Countries’ Best Practices to Ban Investments in cluster munitions” that was presented today in Geneva shows what action states are taking to prohibit investments in these banned weapons. There are currently …
Growing group of countries speaking out against investments in cluster munitions Read More »
Switzerland and Netherlands ban investments in cluster munition production From 1 January 2013 legislation banning forms of investments in cluster munitions came into effect in Switzerland and the Netherlands. The Cluster Munition Coalition (CMC) welcomes the steps taken by the Dutch and Swiss governments, both States Parties to the Convention on Cluster Munitions (CCM). With …
Good start of the year to Stop Explosive Investments Read More »
The 2012 “Worldwide Investments in Cluster Munitions, a shared responsibility” report by CMC members IKV Pax Christi and FairFin, launched today in Berlin, shows that since 2009 banks and other financial institutions from 16 countries have invested more than $43billion (USD) in companies making cluster bombs. The bulk of these investments come from states that …
2012 Report launched on Worldwide Investments in Cluster Munitions Read More »
In April 2012 it was revealed that four of the UK’s biggest banks have blacklisted cluster munition producers. The Cluster Munition Coalition has been meeting with banks in the UK since the launch of the Stop Explosive Investments campaign in October 2009 and welcomed this positive step. The CMC is looking forward to seeing these …
Campaigners in the United Kingdom launched a media and e-petition disinvestment campaign led by Amnesty International UK during the month of August 2011. The campaign targeted the Royal Bank of Scotland and other UK banks on their investments in producers of cluster munitions. Amnesty International UK used information from the IKV Pax Christi/Netwerk Vlaanderen report …
On 25 May 2011, the Cluster Munition Coalition held a Global Day of Action to Stop Explosive Investments. Campaigners called on governments to pass legislation to prohibit financial investments in cluster munition producers and to urge banks and other financial institutions to disinvest from cluster munition producers. More than 25 campaigners in 14 countries took …
In November 2010, Credit Suisse introduced a new policy on investment in companies that will exclude producers of landmines and cluster munitions from its credit, investment banking and asset management activities. “Credit Suisse should be commended for this strong new policy that puts civilian lives ahead of profits at all costs,” said Paul Vermeulen, director …
New Credit Suisse policy furthers Swiss disinvestment in cluster bombs Read More »
