2015 Hall of Shame – E

The following financial institutions beginning with “E” appear in the 2015 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

E.Sun Financial (Taiwan)

E.SUN Financial (Taiwan) has made an estimated US$ 135 million available to the nuclear weapons companies listed in this report since January 2012.

E.SUN Financial (Taiwan) provided loans for an estimated amount of US$ 135 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015. 

Loans provided by E.SUN Financial

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Aecom 700 35 14-10-2011 19-10-2016
Aecom 1,000 50 14-10-2011 19-10-2016
Aecom 750 20 7-6-2013 7-6-2018
Orbital ATK 1,010 17 8-10-2013 1-11-2018
Orbital ATK 700 12 8-10-2013 1-11-2018

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

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Earnest Partners (United States)

Earnest Partners (United States) has made an estimated US$ 130 million available to the nuclear weapons companies listed in this report since January 2012.

Earnest Partners (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 130 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included. 

Shareholdings managed by Earnest Partners

Company Country Total value
(US$ mln)
% Outstanding Filing date
Huntington Ingalls Industries United States 41 0.61 31-3-2015
Moog United States 89 3.51 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Earnest Partners invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Eastern Bank (United States)

Eastern Bank (United States) has made an estimated US$ 29 million available to the nuclear weapons companies listed in this report since January 2012.

Eastern Bank (United States) provided loans for an estimated amount of US$ 29 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by Eastern Bank

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Orbital ATK 1,010 17 8-10-2013 1-11-2018
Orbital ATK 700 12 8-10-2013 1-11-2018

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

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Eastern Bank invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Eaton Vance (United States)

Eaton Vance (United States) has made an estimated US$ 82 million available to the nuclear weapons companies listed in this report since January 2012.

Eaton Vance (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 39 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included. 

Shareholdings managed by Eaton Vance

Company Country Total value
(US$ mln)
% Outstanding Filing date
Moog United States 39 1.53 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Eaton Vance (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 43 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Eaton Vance

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 18 3.16 31-5-2015
Huntington Ingalls Industries United States 15 1.15 31-5-2015
Orbital ATK United States 10 3.38 30-4-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

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Edge Point Investment Group (Canada)

EdgePoint Investment Group (Canada) has made an estimated US$ 85 million available to the nuclear weapons companies listed in this report since January 2012.

EdgePoint Investment Group (Canada) owns or manages shares of the nuclear weapon companies for an amount of US$ 85 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by EdgePoint Investment Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Jacobs Engineering United States 85 1.69 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

EdgePoint Investment Group invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Edmond de Rothschild (Switzerland)

Edmond de Rothschild (Switzerland) has made an estimated US$ 50 million available to the nuclear weapons companies listed in this report since January 2012.

Edmond de Rothschild (Switzerland) owns or manages shares of the nuclear weapon companies for an amount of US$ 50 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Edmond de Rothschild

Company Country Total value
(US$ mln)
% Outstanding Filing date
Fluor United States 50 0.65 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Edmond de Rothschild invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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Share this with your friends:

   

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Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Equator Securities (Indonesia)

Equator Securities (Indonesia) has made an estimated US$ 6 million available to the nuclear weapons companies listed in this report since January 2012.

Equator Securities (Indonesia) underwrote bond issuances for an estimated amount of US$ 6 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Equator Securities

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Larsen & Toubro 9 3 19-10-2012 17-4-2014
Larsen & Toubro 9 3 19-10-2012 17-10-2014

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

 

Equator Securities invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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Share this with your friends:

   

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Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Erste Group (Austria)

Erste Group (Austria) has made an estimated US$ 76 million available to the nuclear weapons companies listed in this report since January 2012.

Erste Group (Austria) provided loans for an estimated amount of US$ 76 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by Erste Group

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Airbus Group 4,345 76 14-3-2011 14-4-2016

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

Send them a message!

 

Erste Group invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Evercore (United States)

Evercore (United States) has made an estimated US$ 11,549 million available to the nuclear weapons companies listed in this report since January 2012.

Evercore (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 11,549 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Evercore

Company Country Total value
(US$ mln)
% Outstanding Filing date
Boeing United States 6,051 6.42 30-6-2015
General Dynamics United States 3,486 7.62 30-6-2015
Honeywell International United States 2,012 2.52 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Export Development Canada (Canada)

Export Development Canada (Canada) has made an estimated US$ 41 million available to the nuclear weapons companies listed in this report since January 2012.

Export Development Canada (Canada) provided loans for an estimated amount of US$ 41 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by Export Development Canada

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Larsen & Toubro 47 5 27-8-2013 1-6-2018
Larsen & Toubro 59 7 27-8-2013 1-8-2017
Larsen & Toubro 64 7 27-8-2013 1-6-2018
Larsen & Toubro 100 11 27-8-2013 1-6-2018
Larsen & Toubro 100 11 27-8-2013 1-6-2018

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

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Export Development Canada invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

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Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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Hall of Shame Methodology

Which financial institutions are involved in the financing of the selected nuclear weapon companies was researched using annual reports, stock exchange filings and other publications of the companies concerned, archives of trade magazines, local newspapers and the financial press as well as specialized financial databases (Thomson ONE, Bloomberg). Used resources are clearly mentioned.

Financial institutions can be involved in financing companies by providing corporate loans, by assisting companies with share- and bond issues, and by (managing) investments in shares and bonds of these companies. For asset managers and pension funds, the only relevant type of financial involvement is (managing) share- and bondholdings of the selected companies.

In this report, we have focussed on the financial institutions which are found to have most significant financing relationships with one or more of the selected nuclear weapon companies. To select these financial institutions, the following criteria are used:

  • All financial institutions involved in loans and underwriting deals for one or more of the companies since 1 January 2011;
  • All financial institutions which own at least 0.5% of the outstanding shares or bonds of at least one of the companies.

What is included

Each section provides the following information for each financial institution:

The types of financial relations which the financial institution has with one or more nuclear weapon companies. The relations are grouped by loans, investment banking and asset management. Financial activities are listed alphabetically by nuclear weapons company for each category.

The name of the receiving company, the amount, the date and (if known) the purpose for each financial relation.

All data is presented in tables. For loans, the first column represents the names of the selected companies that received the loans, the second column shows which subsidiary or part of the selected company has issued the loan. The third column is the purpose of the loan. The fourth column (# FI’s), shows the number of financial institutes participating in loans as loans are often offered by a syndicate of financial institutions. The fifth column represents the value of the total loan offered by the syndicate to the company. The sixth column is the amount for which this specific financial institute participated in the loan. This amount is calculated depending on the role the financial institute plays in the syndicate, as explained below. The last column shows the date the loan was issued.

The tables for underwriting of share and bond issuances have the same columns. The method for calculating these the value per financial institute can be below.

The tables for share and bondholdings managed by the financial institutions show the nuclear weapon producing companies, the country in which this company is situated, the percentage of all bonds or shares outstanding hold or managed by the specific institution, and the total value of the shares or bonds held by the financial institution in the indicated company.

When comparing this report with last years report please keep in mind that we have excluded some Indian sources due to recently identified errors in the Bloomberg databases regarding Indian Mutual Funds.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers from many different countries. They have provided various types of financial services to nuclear weapon companies.