Nuclear Weapons & Your Investments Wed October 11, 2017 Ploughshares Calgary Society

How do I learn what I am invested in? Prospectuses of investment funds Annual reports Internet research Ploughshares Calgary 2017

Online Resources: pnnd.org (Parliamentarians for Nuclear Non-proliferation and Disarmament) Handbook for Parliamentarians 2012 - Chapter 8A – Divestment dontbankonthebomb.com 2016 Report Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report The report does not identify all Canadian financial institutions. Only 18 Canadian institutions were assessed. (None passed the test.) If you deal at a credit union, participate in a small pension fund, etc., you will have to do your own research The report identifies only publicly traded nuclear weapon producers. It does not look at state-owned industries, nor at privately held corporations, which do not release public information Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report The report studied public information issued by 408 banks, insurance companies, pension funds and asset managers from 26 countries 390 financial institutions involved significantly in the nuclear weapons industry The named institutions own at least .5% of the outstanding shares or bonds of at least one of the producing corporations The reporting period ends at August 2016. Divestitures made or authorized since then are not reflected in the report Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report 27 producing companies are active in the western stock markets These corporations can be involved in one or more of the following: Production (including components, software & delivery systems) Maintenance Modernization The companies are based in France, India, Italy, the Netherlands, the United Kingdom and the United States Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report 498 billion USD invested Investments take the form of one or more of the following: share and bond issuances owned or managed shares and bonds outstanding loans and authorized credit facilities Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report The top ten investors are all US based and provided more than USD 214 billion to the identified nuclear weapon producers. BlackRock JP Morgan Chase Capitol Group Morgan Stanley Citigroup State Street Evercore Vanguard Fidelity Investments Goldman Sachs Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report The 27 identified nuclear weapon producers: Aecom (USA) Larsen & Toubro (India) Aerojet Rocketdyne – GenCorp (USA) Leonardo – Finmeccanica (Italy) Airbus Group (the Netherlands) Lockheed Martin (USA) BAE Systems (UK) MOOG (USA) Bechtel (USA) Northrop Grumman (USA) Boeing (USA) Orbital ATK – Alliant (USA) BWX Technologies (USA) Raytheon (USA) Charles Stark Draper Lab (USA) Safran (France) CH2M Hill (USA) Serco (UK) Engility Holdings (USA) Textron (USA) Fluor (US) Thales (France) General Dynamics (USA) Walchandnagar Industries (India) Honeywell International (USA) Huntington Ingalls Industries (USA) Jacobs Engineering (USA) Ploughshares Calgary 2017

Summary Findings of the DBOTB 2016 Report The 18 identified Canadian financial institutions: BMO Financial Group Manulife Financial Burgundy Asset Management Power Financial Corporation Caisse de depot et placement du Quebec Royal Bank of Canada Scotiabank Cardinal Capital Management Sprucegrove Investment Mgmt CI Financial Sun Life Financial CIBC Toronto-Dominion Bank CPP Investment Board Westwood Holdings Group Export Development Canada Letco Brosseau & Associates Mackie Research Financial Ploughshares Calgary 2017