Group 2

This report examines the exposure of the financial industry to the production of, and trade in, arms used in large scale conflicts around the world. It explores a changing landscape whose practitioners on the one hand increasingly shun finance for arms, at the same time as many large financial institutions, in particular, profit from conflicts around the globe. The report has been commissioned by Fondazione Finanza Etica (Banca Etica Group) and the Global Alliance for Banking on Values (GABV), organisations that understand finance as a force for good.