Peace & Demilitarization: Faith-Based Investors Engaging with Defense Contractors and Financiers April 20, 2021 at 12:00pm - 2pm Eastern Time (US & Canada) | virtual | 40 S Fullerton Ave Montclair, NJ 07042 United States Contact person: Susi Snyder
Faith-based institutions have long led movements calling for peace and demilitarization. Revenues for U.S. defense companies have been climbing for years, responding to increased military spending and foreign military sales. Even as the industry as a whole fails to meet its human rights responsibilities, defense companies continue to produce some of the most dangerous weapons and technologies in existence.
In light of the legal, financial, reputational, and human rights risks facing this sector and the entry into force of the Treaty on the Prohibition of Nuclear Weapons, this proxy season, with support of Investor Advocates for Social Justice, faith-based investors filed shareholder proposals with PNC Financial Services, Lockheed Martin and Northrop Grumman. Investors ask for disclosure on human rights impact assessments, human rights due diligence processes, and how financial institutions assess these risks in their financing decisions.
In this webinar, experts will share about the risks in the nuclear weapons and military sector, and proponents will communicate the case for support of the proposals coming to a vote at PNC, Lockheed and Northrop Grumman.
Learn more about proposals and the rationale for support:
Lockheed Martin on Human Rights Due Diligence (http://iasj.org/wp-content/uploads/Lockheed-Martin-Proposal-2021-FINAL-1.pdf), AGM: April 22, 2021: https://www.sec.gov/Archives/edgar/data/936468/000121465921003503/j326212px14a6g.htm
PNC Financial Services on Risks of Nuclear Weapon Financing (http://iasj.org/wp-content/uploads/PNC-Nuclear-Weapon-Financing-Proposal-2021-FINAL.docx.pdf), AGM: April 27, 2021: https://www.sec.gov/Archives/edgar/data/0001636143/000121465921003487/r326210px14a6g.htm
Northrop Grumman, Human Rights Impact Assessment (http://iasj.org/wp-content/uploads/Northrop-Grumman-2021-HRIA-Proposal-FINAL.pdf), AGM: May 19, 2021