Hall of Shame 2015 – O

The following financial institutions beginning with “O” 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.

Oddo Group (France)

Oddo Group (France) has made an estimated US$ 238 million available to the nuclear weapons companies listed in this report since January 2012.

Oddo Group (France) owns or manages shares of the nuclear weapon companies for an amount of US$ 238 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 Oddo Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Safran France 238 0.92 31-12-2014

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

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Ohio Public Employees Retirement System (United States)

Ohio Public Employees Retirement System (United States) has made an estimated US$ 10 million available to the nuclear weapons companies listed in this report since January 2012.

Ohio Public Employees Retirement System (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 10 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 Ohio Public Employees Retirement System

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 10 0.71 31-3-2015

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

Old Mutual (United Kingdom)

Old Mutual (United Kingdom) has made an estimated US$ 4,365 million available to the nuclear weapons companies listed in this report since January 2012.

Old Mutual (United Kingdom) owns or manages shares of the nuclear weapon companies for an amount of US$ 4,365 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 Old Mutual

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 27 2.09 30-6-2015
Engility United States 14 1.25 31-3-2015
General Dynamics United States 1,446 3.16 30-6-2015
Honeywell International United States 1,322 1.66 30-6-2015
Huntington Ingalls Industries United States 37 0.54 31-3-2015
Northrop Grumman United States 277 0.92 31-3-2015
Orbital ATK United States 22 0.51 30-6-2015
Raytheon United States 1,221 4.20 30-6-2015

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

Old Mutual invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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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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,

Old Republic International (United States)

Old Republic International (United States) has made an estimated US$ 39 million available to the nuclear weapons companies listed in this report since January 2012.

Old Republic International (United States) owns or manages bonds 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 bonds at the most recent available filing date are included.

Bondholdings managed by Old Republic International

Company Country Total value
(US$ mln)
% Outstanding Filing date
Fluor United States 18 1.79 31-3-2015
General Dynamics United States 20 0.60 31-3-2015

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

Olsson Holdings (India)

Olsson Holdings (India) has made an estimated US$ 5 million available to the nuclear weapons companies listed in this report since January 2012.

Olsson Holdings (India) owns or manages shares of the nuclear weapon companies for an amount of US$ 5 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 Olsson Holdings

Company Country Total value
(US$ mln)
% Outstanding Filing date
Walchandnagar Industries India 5 5.25 30-6-2015

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

Orbis Group (Bermuda)

Orbis Group (Bermuda) has made an estimated US$ 67 million available to the nuclear weapons companies listed in this report since January 2012.

Orbis Group (Bermuda) owns or manages shares of the nuclear weapon companies for an amount of US$ 67 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 Orbis Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Serco United Kingdom 67 3.02 1-7-2015

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

Orbis 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,

Orix Corporation (Japan)

Orix Corporation (Japan) has made an estimated US$ 1,974 million available to the nuclear weapons companies listed in this report since January 2012.

Orix Corporation (Japan) owns or manages shares of the nuclear weapon companies for an amount of US$ 1,952 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 Orix Corporation

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 36 0.76 31-3-2015
Fluor United States 99 1.29 30-6-2015
General Dynamics United States 331 0.73 30-6-2015
Huntington Ingalls Industries United States 228 4.17 30-6-2015
Lockheed Martin United States 621 1.06 30-6-2015
Raytheon United States 638 2.16 30-6-2015

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

 

Orix Corporation (Japan) owns or manages bonds of the nuclear weapon companies for an amount of US$ 21 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 Orix Corporation

Company Country Total value
(US$ mln)
% Outstanding Filing date
Huntington Ingalls Industries United States 15 1.16 31-1-2015
MOOG United States 6 2.00 31-1-2015

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

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.