FLI believes that spending more money producing nuclear weapons makes us less safe, as explained in this 3-minute video: deterrence requires way less than 7,000 nukes and building more increases the risk of accidental nuclear war and nuclear winter killing most people on Earth (source).
Prohibited by the 2008 Convention on Cluster Munitions which over 100 nations have joined, cluster munitions pose an immediate threat to civilians during conflict by randomly scattering submunitions or bomblets over an area the size of a football field and continue to pose a threat post-conflict by leaving remnants, including submunitions, which fail to explode upon impact, becoming de facto landmines (source).
Prohibited by the Mine Ban Treaty which over 160 nation have joined, antipersonnel mines are indiscriminate weapons that injure and kill civilians across the globe on a daily basis. Lying in wait for their victims, they don’t recognize ceasefires and continue to kill and maim long after the end of conflicts, instilling fear in communities and providing a lethal barrier to development (source).
All information about weapon producers below comes from the 2015 PAX/Profundo nuclear weapon report, the 2015 Landmine & Cluster Munition Monitor report and the 2014 PAX/Profundo cluster munition report.
Data on fund holdings come from the fund websites linked from the fund names. Data on indirect investments come from the 2015 PAX/Profundo nuclear weapon report, and the 2014 PAX/Profundo cluster munition report.
Divestment helps stigmatize, which played a key role e.g. in ending Apartheid in South Africa. Divestment pressure persuaded Lockheed Martin to stop making Cluster Munitions and, in 2015, it persuaded one of only two remaining landmine producing companies, Singapore Technology and Engineering, to stop.
Responsible Investing Made Easy- why?
To put your money where your mouth is, you can check where your money is by entering your mutual funds below and then move to funds you like by clicking them.
WHAT DO YOU CARE ABOUT?
COMPANIES PRODUCING THESE WEAPONSsource
|Orbital ATK, Inc.||why?|
|Aerojet Rocketdyne Holdings, Inc.||why?|
After Singapore Teechnology & Engineering announced their halt of landmine production in 2015, Hanwha is the only remaining private company producing known to produce landmines, with recent products including KM74 antipersonnel mines and Claymore directional fragmentation mines. Hanwha is also listed as a cluster munition producer because it marketed the MPSM submunitions on its website after May 2008, produced DPICM submunitions and 227 mm MLRS at least until 2011 and marketed the 2.75'' submunitions and 120 mm mortar bombs with cluster ammunition in 2011. There is no evidence that it has ceased production of this type of submunitions since May 2008.
Orbital ATK (formerly known as ATK or Alliant Techsystems) produces rocket propulsion systems for Trident II submarine launched ballistic missiles. Orbital ATK is also responsible for refurbishing all three solid propellant stages of the Minuteman III Intercontinental Ballistic Missile (ICBM) for the US. It is also involved in the joint venture for management and operation of the Y-12 National Security Complex in Tennessee and the Pantex Plant in Texas. In August 2013, the Council on Ethics for the Norwegian Government Pension Fund Global decided to stop considering ATK a producer of cluster munitions because the company no longer advertises production of CBU-87/B cluster munitions and BLU-108 submunitions. However, the 2014 PAX/Profundo-report continues to list ATK (now part of Orbital ATK) on their cluster munition producer list in the absense of a public statement about halting production, and because of their activities in relation to the SFW propulsion system.
Textron designs and builds re-entry vehicles for the US Minuteman III inter-continental ballistic missile (ICBM). Textron is also included on the Profundo/PAX list of cluster munition producers because there is sufficient evidence that Textron has produced the Sensor Fuzed Weapon (SFW) after May 2008. The company has not stated publicly that it will end its involvement in the coming 12 months.
Aecom provides professional technical and management support services and is part of the joint venture that manages the Nevada National Security Site (NNSS), previously known as the Nevada Test Site, a key fixture in the US nuclear weapons infrastructure.
Aerojet Rocketdyne, formerly known as GenCorp is involved in the design, development and production of land- and sea-based nuclear ballistic missile systems for the United States. It is currently producing propulsion systems for Minuteman III and D5 Trident nuclear missiles.
Airbus is a Dutch company that produces and maintains the M51 submarine-launched nuclear missiles for the French navy. Through joint venture MBDA, Airbus is also providing mediumrange air-to-surface missiles to the French air force.
BAE Systems is involved in the US and UK Trident II (D5) strategic weapons system programmes. It is also the prime contractor for the US Minuteman III Intercontinental Ballistic Missile (ICBM) system. BAE Systems is also part of the joint venture providing medium-range air-to-surface missiles for France.
Babcock & Wilcox manages and operates several US nuclear weapons facilities including the Lawrence Livermore National Laboratory, Los Alamos National Laboratory, and Nevada National Security Site (NNSS), previously known as the Nevada Test Site, each of which are engaged in various aspects of nuclear warhead modernisation.
Bechtel manages the Los Alamos and Lawrence Livermore national laboratories in the US, which play an important role in the research, design, development and production of nuclear weapons. It also leads the joint venture for management and operation of the Y-12 National Security Complex in Tennessee and the Pantex Plant in Texas.
Boeing is involved in the maintenance of the Minuteman III nuclear intercontinental ballistic missiles in the US arsenal. It also provides the US and UK Trident II (D5) with maintenance, repair, and rebuilding and technical services.
CH2M Hill is one of the joint venture partners in National Security Technologies (NSTec) that manages the Nevada National Security Site (NNSS), previously known as the Nevada Test Site, a key fixture in the US nuclear weapons infrastructure.
China Aerospace Science and Technology has a subsidiary, Sichuan Aerospace Industry Cooperation, which advertises cluster munitions on the product pages of its website. We found no evidence that it had ceased producing these types of cluster munitions since May 2008.
In February 2015, Engility acquired US-based TASC. It is involved in the research and development for the Solid Rocket Motor Modernization Study of the Minuteman III system for the US arsenal.
Finmeccanica is involved in the design, development and delivery of two Transporter Erector Replacement Vehicles to support the US Intercontinental Ballistic Missile (ICBM) Minuteman III-fleet. It is also involved in the joint venture that supplies medium-range air-to-surface missiles for the French arsenal.
Fluor is the lead partner responsible for the management and operation of the US Department of Energy�s Savannah River Site and Savannah River National Laboratory, the only source of new tritium for the US nuclear arsenal.
General Dynamics provides a range of engineering, development, and production activities to support to US and UK Trident II Strategic Weapons Systems. It is also involved in the guidance systems of the Trident II (D5) nuclear missiles of the US Navy.
Honeywell International manages and operates the National Security Campus where an estimated 85% of the non-nuclear components for US nuclear weapons are produced. It is also involved in tritium production at the Savannah River Site and produces components for integrated circuits for the Trident II (D5) nuclear missiles of the US arsenal.
Huntington Ingalls Industries is involved in management of the US nuclear arsenal, and in tritium production at the Savannah River Site, the only source of new tritium for the US nuclear arsenal.
Jacobs Engineering Group is involved in the joint venture AWE-ML, which manages the UK Atomic Weapons Establishment, that designs, manufactures and maintains nuclear warheads for the UK.
Larsen & Toubro is responsible for developing the launcher system for the nuclear-capable shortrange surface-to-air Akash missile system for the Indian nuclear arsenal.
Lockheed Martin is responsible for the construction of the Trident II (D5) nuclear missiles for the US and the UK. It is also involved in the production and maintenance of the Minuteman III nuclear intercontinental ballistic missiles for the US. It is part of the joint venture AWE-ML, which manages the UK Atomic Weapons Establishment, that designs, manufactures and maintains nuclear warheads for the UK.
Moog develops launch vehicle and strategic missile controls for the Minuteman III and Trident (D5) missiles for the US nuclear arsenal.
There is evidence that Norinco has produced cluster munitions after May 2008. The company has not publicly stated that it will end its involvement within the coming 12 months.
Northrop Grumman is involved with production and maintenance of the Minuteman III nuclear Intercontinental Ballistic Missiles (ICBM) for the US nuclear arsenal. It also provides support for the Trident II (D5) system for the US and the UK. It is also part of the joint venture that manages the Nevada National Security Site (NNSS), previously known as the Nevada Test Site, a key fixture in the US nuclear weapons infrastructure.
There is evidence that Poongsan produced DPICM K308 and K310 cluster munitions and marketed the K305 after May 2008. No evidence was found that these types of cluster munitions were no longer produced since then. The company has not publicly stated that it will end its involvement within the coming 12 months.
Raytheon is involved in a project to stretch the life-cycle of the guidance systems of the Trident II (D5) nuclear missiles of the US Navy. It is also involved in studies in support of the new W80-4 Long-Range Standoff missile for the US arsenal.
Safran is part of a joint venture to build M51 submarine-launched nuclear missiles for the French navy, which each deliver multiple warheads. Its subsidiaries Snecma and Sagem provide the propulsion and navigation systems for these missiles.
Serco owns a one-third share in the joint venture AWE-ML, which runs the UK Atomic Weapons Establishment. It is responsible for manufacturing and maintaining the nuclear warheads for the UK arsenal.
Thales is part of a joint venture to build the M51 submarine-launched nuclear missiles for the French navy.
Walchandnagar Industries Limited supplies infrastructure and facilities for the production of the surface-to-air short-range Akash missile and the launching systems for Agni and Akash missiles for the Indian arsenal. It also manufactures the main thrust motor casing segment for the intercontinental ballistic Agni-V missile.
MUTUAL FUND HOLDINGS- source
What you own (enter or select one of your funds):
We’re trying to build a movement of socially responsible investors, so if you’re considering joining us, please enter your email below so that we can help you accomplish your goals.
We’re hard at work improving this site, and hope to soon add all of the thousands of mutual funds registered with the US Securities and Exchange Commission. We also hope to add additional socially responsible investing criteria that you may care about, such as use of child labor and forced labor - please email any suggestions that you have to firstname.lastname@example.org.
A red face means that a fund directly invests in a producer company listed above.