Video of the event is available at https://youtu.be/0Cd4-i1eD6o?t=262
This event was hosted by the Forum on the Arms Trade, ICBL-CMC (International Campaign to Ban Landmines-Cluster Munition Coalition), ICAN (International Campaign to Abolish Nuclear Weapons), and Control Arms.
Panelist Recommended Resources
Product-based exclusions
Opening Remarks (time indicated when remarks begin)
Q&A
Concluding Comments
This event was hosted by the Forum on the Arms Trade, ICBL-CMC (International Campaign to Ban Landmines-Cluster Munition Coalition), ICAN (International Campaign to Abolish Nuclear Weapons), and Control Arms.
Panelist Recommended Resources
Product-based exclusions
- Don't Bank on the Bomb - nuclear weapons
- Complicit: 2020 global nuclear weapons spending report
- Stop Explosive Investments - cluster munitions
- Cluster Munition Monitor - see "Disinvestment" section
- Controversial arms trade and investments of insurers
- ESG Investment Framework: Controversial Weapons and the Trad in Weapons with High-Risk Countries
- Examples of financial institutions including the Arms Trade Treaty (search documents for "Arms Trade Treaty"): BNP Paribas, Aegon, Danske Bank
Opening Remarks (time indicated when remarks begin)
- Camilo Serna, Deputy Director and Co-Founder, Colombia Campaign Against Landmines (CCCM) (moderator) - humanitarian disarmament 4:19
- Susi Snyder, Financial Sector coordinator, ICAN - product-based exclusions and finance (tobacco, firearms, Chemical Weapons Convention, Convention on Cluster Munitions, Treaty on the Prohibition of Nuclear Weapons, plus emerging weapons) 7:30
- Cor Oudes, Project Lead, Conflict, Human Rights and the Financial Sector, PAX - behavior based exclusions (harm to civilians, international standards for arms companies, role of finance included related to conventional weapons and Arms Trade Treaty) 17:45
- Mary Beth Gallagher, Director of Engagement, Domini Impact Investments LLC - tools for standards, screens, and evaluation within the financial sector; shareholder engagement (human rights due diligence; impact assessment; shareholder dialogue, letters, and proposals) 24:40
Q&A
- When large banks are pressured to divest from weapons production does private finance (venture capital, private equity) just step in to fill that void? 32:50
- How can this type of engagement be promoted to SADC countries for government officials to engage in same discussions? 37:48
- Relation to implementation of Arms Trade Treaty, plus responsibilities of states and financial institutions 42:30
- Arms company lobbying 45:15
- Shared resource - “Profiteers of Armageddon” report
- How would panelists compare divestment and engagement? In terms of efficacy... and effort/engagement required? 51:10
Concluding Comments
- Snyder - relating this to disarmament discussion in the United Nations, global governance, climate, business and human rights, sustainable development goals 56:35
- Oudes - financial sector taking an increasing role 59:35
- Gallagher- role of small retail investors and EFTs (exchange traded funds) 1:00:59
The participants in this virtual discussion, Camilo Serna, Susi Snyder, Cor Oudes, and Mary Beth Gallagher are not registered investment advisers. Camilo Serna, Susi Snyder, and Cor Oudes, are not employed by or in any way affiliated with Domini Impact Investments (Domini).
The information presented is believed to be factual and up-to-date, but Domini does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.
All expressions of opinion reflect the judgment of the author/presenter as of the date of publication and are subject to change and do not constitute investment advice.
The information presented is believed to be factual and up-to-date, but Domini does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.
All expressions of opinion reflect the judgment of the author/presenter as of the date of publication and are subject to change and do not constitute investment advice.
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