Nuclear Divestment FOR EVERYONE Agenda 1. What is Divestment? 2. - PowerPoint PPT Presentation

Move the Nuclear Weapons (and fossil fuel) Money. Global Webinar, April 21, 2020 Nuclear Divestment ‚ FOR EVERYONE ‘

Agenda 1. What is Divestment? 2. How to divest? 3. Nuclear Divestment Guide

What is divestment? Who can divest?  As part of sustainable investment  Individuals  Forming a negative list for  Banks, pension funds and other companies, industries, states institutional investors  Excluding stocks or bonds from  Universities, foundations, religious investment universe organisations  Selling stocks being held and  City and regional governments (pension funds)  Prohibiting further investments  Federal governments (state wealth  Best-in-Class funds)  Compliance Control

Examples: int. divestment Germany USA Federal Level (SWF)  Cambridge, Massachusetts  Berlin  New Zealand  Oakland, California  North Rhine-Westphalia  Norway  Takoma Park, Maryland  Baden Wuerttemberg  Switzerland  …  New York?  Lichtenstein  Divestment as a versatile policy instrument for the administration of public funds

‚Final Product ‘ of the Divestment Decision Art 3 § 1: Exclusion of ‘ethically or • ecologically problematic business practices’ → Refers to Art 4 • Art 3 §2: must consider ESG criteria • Art 3 §3: to which products applicable Art 4 §1: lists companies to be excluded • • Reference to international treaties / commitments / organisations • Clear definitions of areas to be excluded • Turnover limit Art 4 § 2: ‘value preserving’ sales •

Reasons for Divesting Securing Pensions in the long- Environmental Safety run  … vs financial returns  Regional weather occurences  Responsibility to contribute to  Sustainable market growth led to specialised vehicles and „ normalised “ stopping Climate Change sustainable investment  Investments in sustainable businesses as guarantee for long- term growth and security

Nuclear weapons producers Safran Thales Larsen & Toubro Leonardo Raytheon Finmeccanica Bharat Electronics United Aircraft Corporation Makeyev Design Airbus BAE Systems Bureau Serco AECOM Rolls Royce Aerojet Rocketdyne Bechtel Boeing BWX Technology Fluor (Babcock and Wilcox) Charles Stark Draper General Dynamics Honeywell International Huntington Ingalls Lab Industries Jacobs Engineering Lockheed Martin Moog Northrop Grumman Source: Don‘t Bank on Orbital ATK the Bomb

Reasons for Divesting ( cont‘d ) Ethical Legal Political NPT Art 6: ‚ cessation of  Threat to all   Signalling (inter-/national) (human) life nuclear arms race and disarmament ‘  Support for international campaigns/bodies  International Court of Justice decision 1996  support for legislative and civil society action on  Treaty on the Prohibition of Nuclear nuclear weapons budgets Weapons  Human Rights Committee statement 2018

Nuclear Weapons Divestment Guide General  Content knowledge Previous experiences  For Whom? Examples of divestments  Our Goal Directions to progress

Nuclear Weapons Divestment Guide  For whom:  Legislators on every level  Civil society/campaigners In case of interest:  Why: info@nuclearwe  Divestment as tool for political empowerment aponsmoney.org