Red Flag List of Cluster Munition producers
Who are the Cluster Munition producers that we find financial links with?
The 2017 update of the report “Worldwide Investment in Cluster Munitions” contains a Red Flag List with the following 6 Cluster Munition producers:
- China Aerospace Science and Industry (China)
- Hanwha (South Korea)
- Norinco (China)
- Orbital ATK (United States)
- Poongsan (South Korea)
- Textron (United States)
It is important to note that this list is by no means comprehensive: there are other companies producing cluster munitions but with our research methodology we did not find financial links with these other producers.
Financial institutions sometimes adopt a more extentive list of companies to exclude from their investement universe. We compiled a list of these companies and and financial institutions’ reasons for divesting from these and we call it the “list of lists”. Please note that this list does contain companies that we do not consider to be cluster munition producers.
Red flag list – methodology
To determine what Financial Institutions invest in Cluster Munition producers, we first
We define a cluster munitions producer as follows:
• Any company or group of companies that, in its own name or through a subsidiary, develops or produces cluster munitions and/or explosive submunitions according to the definitions in the Convention on Cluster Munitions.
• Any company or group of companies that, in its own name or through a subsidiary, develops or produces key components of cluster munitions or explosive submunitions. Key components are components which form an integral and indispensable part of the cluster munitions or explosive submunitions.
We consider a company or group of companies to be a cluster munitions producer when any part, however small, of its total turnover is derived from producing (key components for) cluster munitions or explosive submunitions, regardless of the nature of the company’s other activities.