Menzis is a Dutch health insurance company serving more than two million people.[i]
Menzis excludes investments in companies involved in the development and production of, trade in or maintenance of controversial weapons, including nuclear weapons. Menzis also excludes companies producing specifically designed delivery systems.[ii]
The exclusion policy applies to all assets managed, including those managed by external asset managers.[iii] In December 2013 Menzis’ fund investments in external funds that invest in emerging markets have been turned into a discretionary mandate to which the exclusion policy fully applies.[iv]
Menzis’ exclusion list is based on the findings of data provider Sustainalytics. The exclusion list is published on the website, and currently contains the following companies related to controversial weapons: Babcock International; BAE Systems; Boeing; Fluor; General Dynamics; Hanwha; Honeywell International; Jacobs Engineering; Kuala Lumpur Kepong; Lockheed Martin; Northrop Grumman; Raytheon; Rockwell Collins; Safran, Serco, Singapore Technologies Engineering, Textron and Thales.[v]
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I saw on www.dontbankonthebomb.com that you have a comprehensive policy prohibiting investments in nuclear weapons producing companies.
Financial institutions like yours are helping to build the stigma around these inhumane weapons, something that is urgently needed. Nuclear weapons are the only weapon of mass destruction that’s not explicitly outlawed through an international treaty- and thanks to your policy we can show how important and necessary it is that all of society act urgently to prohibit and eliminate nuclear weapons once and for all.
Thank you for your help in creating a nuclear weapons free world.
With kind regards,
[i] Menzis, “Profiel”, website Menzis (http://www.menzis.nl/web/Consumenten/OverMenzis/OverDeCooperatieMenzis/Profiel.htm), viewed 22 September 2016; Menzis, “Maatschappelijk en Financieel Jaarverslag Menzis 2015”, page 5, website Menzis (https://www.menzis.nl/-/m/_opruimen/menzis-jaarverslag-2015.pdf?la=nl-nl), viewed 22 September 2016.
[ii] Menzis, “Strategisch Beleggingsbeleid”, page 9, website Menzis (https://www.menzis.nl/-/m/_opruimen/menzis_vermogensbeheer_2015.pdf?la=nl-nl), viewed 22 September 2016; Menzis, written response to PAX dated 5 May 2015.
[iii] Menzis, written response to PAX dated 5 May 2015.
[iv] Menzis, “Beleggingsportefeuille voldoet nu volledig aan uitsluitingsbeleid”, 9 December 2013, available in PAX archives..
[v] Menzis, “Uitsluitingen: hierin belegt Menzis niet”, website Menzis (https://www.menzis.nl/over-menzis/over-de-cooperatie-menzis/vermogensbeheer/duurzaam-beleggen/hierin-belegt-menzis-niet), viewed 23 November 2016; Menzis, written response to PAX dated 21 May 2015.