SNS REAAL is a Dutch bank and insurance company, primarily focused on the retail market, including small and medium-sized businesses. SNS REAAL offers three key product groups: savings and investments, mortgages and other property finance, and insurance and pensions.[i] In February 2013, the Dutch government nationalised SNS REAAL.[ii] In 2015 and 2016, SNS Reaal wil be dissolved. Insurance activities (Vivat) have been sold to the Anbang Insurance Group and SNS Bank will continue as a separate, state owned entity.[iii]
The Fundamental Investment Principles of SNS REAAL’s asset manager ACTIAM states that it “does not invest in companies involved in the production, development, sale, or distribution of controversial weapons and/or essential and/or specialised components or services.” [iv] The asset manager considers nuclear weapons to be controversial weapons.[v] Involvement includes “the development, sale, or distribution of controversial weapons and/or essential and/or specialised components or services”.[vi] The exclusion policy applies to all assets managed, including assets managed by external managers.[vii]
ACTIAM’s exclusion list, which is based on the findings of data provider Sustainalytics[viii] currently contains 34 companies involved in controversial weapons: Aeroteh; Airbus[ix]; Alliant Techsystems; Aryt Industries; Ashot-Ashkelon; Babcock & Wilcox; Babcock International; BAE Systems; Boeing; Computer Sciences; Dassault Aviation; Exelis; Finmeccanica; GenCorp[x]; General Dynamics; Hanwha; Honeywell International; Jacobs Engineering; Larsen & Toubro; Lockheed Martin; Motovilikha; Norinco; Northrop Grumman; Poongsan; Raytheon; Rheinmetall; Rolls-Royce; Safran; Serco; Singapore Technologies; Splav; Textron; Thales and Wal-Mart.[xi]
Congratulations SNS Reaal!Read the petition
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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] SNS REAAL, “Who are we?”, website SNS REAAL (http://www.snsreaal.nl/about-us/who-are-we.html), viewed 11 May 2015.
[ii] SNS REAAL, “2013 Jaarverslag”, p.18, available at http://www.snsreaal.nl/web/file?uuid=506b11fe-1a40-4e4c-a042-ceeff94b2222&owner=b1b84d2b-6b99-4246-b0f6-d53ac897216a&contentid=3462&elementid=111645, viewed 11 May 2015.
[iii] SNS Reaal, “Definitieve Splitsing SNS Reaal In De Loop Van 2015”, website SNS Reaal (http://www.snsreaal.nl/pers/persbericht-1/definitieve-splitsing-sns-reaal-in-de-loop-van-2015.html), viewed 11 May 2015.
[iv] ACTIAM, “Fundamental Investment Principles”, October 2014, p.7, available at http://www.actiam.nl/nl/duurzaamheid/Documents/Fundamental_Investment_Principles.pdf , viewed 15 May 2015.
[v] ACTIAM, “Fundamental Investment Principles”, October 2014, p.7, available at http://www.actiam.nl/nl/duurzaamheid/Documents/Fundamental_Investment_Principles.pdf, viewed 15 May 2015.
[vi] ACTIAM, “Fundamental Investment Principles”, October 2014, p. 7, available at http://www.actiam.nl/nl/duurzaamheid/Documents/Fundamental_Investment_Principles.pdf, viewed 15 May 2015.
[vii] SNS REAAL, written response to Profundo dated 27 May 2014; ACTIAM, “Exclusions”, website ACTIAM (http://www.actiam.nl/en/sustainability/exclusions), viewed 11 May 2015.
[viii] SNS REAAL, written response to Profundo dated 12 May 2014.
[ix] EADS renamed itself in 2014 and is now known as Airbus Group.
[x] GenCorp renamed itself in 2015 and is now known as Aerojet Rocketdyne
[xi] ACTIAM, “Overview Exclusions”, March 2015, available at http://www.actiam.nl/nl/duurzaamheid/Documents/Overview_Exclusions.pdf, viewed 11 May 2015.