Library | ESG issues
Weapons & Armaments
Weapons are objects designed to injure, kill, or defeat, while armaments refer to military weapons and equipment. They are controversial due to their potential to harm civilians, fuel armed conflicts, and contribute to global instability. Certain weapons, such as cluster munitions and nuclear arms, face international divestment efforts due to long-term humanitarian and environmental consequences. Many investors exclude companies involved in weapons production, arms exports, or dealings with oppressive regimes due to ethical, legal, and reputational concerns.
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Investing in the laws of war: International humanitarian law and the financial sector
The article reviewed the extent to which the country's financial sector incorporates IHL and conflict-related considerations in investment and operational decision-making. Findings from the unpublished confidential report reveal a lack of IHL awareness and significant knowledge gaps, highlighting the need to embed IHL into corporate policies and practices.
Building peace and prosperity: What business can do
A brief look at the policies and actions stakeholders can do to confront and prevent violent conflict in high-risk areas. Actions are laid out for businesses, governments, the United Nations, investment community, and civil society. Multi-stakeholder initiatives to support building and investing in peace are presented.
How to read a financial institution's policy: Analysing cluster munitions divestment policies
Financial institutions consider cluster munitions companies as inappropriate business partners and have made efforts to restrict their investment. Unfortunately, their policies contain loopholes that could still allow their financing. Several steps have been introduced in order to help analyse a financial institution's policy and prevent cluster munitions exposure in portfolios.
Worldwide investments in cluster munitions: A shared responsibility
A 2018 report on worldwide investments in harmful cluster munitions. Two arms manufacturers recently ended production of cluster munitions, and more financial institutions and states are acting to end money going to producers. Despite declining investment from financial institutions, there are seven companies in the report still manufacturing.
PAX
PAX works together with committed citizens and partners to protect civilians against acts of war, to end armed violence and to build a just peace.
