NEWS CENTRE

Help end ANZ funding of cluster munitions

The issue of cluster munitions and the deaths and injuries they cause was raised at the Mercy Justice Conference (November 6-8, 2009). Denise Coghlan RSM highlighted the impact of cluster munitions and the importance of addressing the issue with companies who provide money to producers of cluster bombs. Please HELP by calling for an end to the financing of cluster bombs.

Conference delegates were alerted to the report released by IKV Pax Christi and Network Vlaanderen, “Worldwide investments in cluster munitions. A shared responsibility”, which names ANZ as the only major Australian bank that has provided finance (provision of loan facility) to a company manufacturing cluster munitions.

Many conference delegates signed a letter to the ANZ bank asking them to stop financing companies manufacturing cluster munitions. The group of delegates who discussed this issue now encourage YOU to send a letter to the ANZ bank and have provided a template for this purpose.

The Hall of Shame
"The Hall of Shame contains a list of financial institutions that still invest in cluster munitions producers." (From Executive Summary: “Worldwide investments in cluster munitions, A shared responsibility”, p. 6)

Sources of information for the Hall of Shame
“A variety of sources including reports by NGOs and exclusion lists maintained by financial institutions banning investment in cluster munitions. We also drew upon stock exchange filings and other publications of the financial institutions and the CM producers, as well as commercial databases filled with information supplied by financial institutions. Since these databases consist of information that is provided by the financial institutions directly, we trust that this information is correct and have not contacted all financial institutions in the Hall of Shame before publication of this report. We welcome comments, clarifications, and corrections from governments, companies, financial institutions and others.” Research by Profundo, The Netherlands. (From Executive Summary: “Worldwide investments in cluster munitions, A shared responsibility”, p. 10)

The ANZ’s Defence Policy “explicitly prohibits the direct financing of controversial weapons including cluster munitions or anti-personnel mines”.

LETTER TEMPLATE

End ANZ Funding of Cluster Munitions

[Please include date of letter]

Dear Branch Manager [it might be helpful if you actually find out their name],

I am writing to draw your attention to the following issue that was raised at the Mercy Justice Conference, Queanbeyan (November 6-8, 2009), attended by over 260 delegates from all over Australia.

Australia, along with most countries, has signed the Convention on Cluster Munitions, which seeks to ban the manufacture, trade and use of these terrible weapons.

Cluster munitions have created humanitarian problems in every conflict they have been used, and have killed and maimed thousands of civilians, mostly after the conflict has ended.

The ANZ Bank has a policy that it will not directly fund the production of cluster munitions or landmines.

A report released by IKV Pax Christi and Network Vlaanderen, “Worldwide investments in cluster munitions: a shared responsibility”, names the ANZ as the only major Australian bank that has provided finance to a company manufacturing cluster munitions.

I find it disappointing to hear this news and I hope that you address it immediately. I also ask you to consider financially assisting the survivors of cluster bombs and landmines.

We call on the ANZ to stop financing companies manufacturing cluster munitions.

Would you please forward this letter to you your next line of management.

Yours faithfully,

———————

FURTHER INFORMATION

IKV Pax Christi and Netwerk Vlaanderen have produced a most comprehensive report on global financial investments in these banned weapons, “Worldwide investments in cluster munitions. A shared responsibility”. The report authors are calling public and private financial institutions to support the ban and disinvest from cluster bomb producers.

STOP EXPLOSIVE INVESTMENTS! – More information here.

“Worldwide investments in cluster munitions. A shared responsibility”

Contact: Carmel Heagerty RSM, Institute Justice Co-ordinator
Email: Institute.Justice@mercy.org.au