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Pictet, Swiss Sustainable Finance launch campaign against weapon manufacturers

Pictet & Cie Group SCA and the Swiss Sustainable Finance association have launched a campaign against the manufacturers of chemical, nuclear and bioweapons, finews.ch reported Dec. 12.

Stock index managers such as S&P Global, MSCI or FTSE 100 Russell should not include weapon manufacturers — and other companies producing dangerous weapons such as antipersonnel mines and stray ammunition — in their stock indexes, the campaigners said.

More than 80 asset managers are also taking part in the campaign, according to the report.