IE 23.2. Exposure to controversial weapons

  • Radia Guira

Participation in the manufacturing or trade of controversial weapons is a sensitive topic requiring full transparency. For companies, disclosing such information is not only a regulatory obligation but also a matter of social responsibility. This article details how a company should approach this question in its ESG reporting.

1. How to answer this question?

For companies to answer this question, they must:

1. Evaluate their activity: Examine if your company is engaged in manufacturing, trading, or selling weapons considered controversial according to international standards.

2. Identify any involvement: This includes not only direct operations but also supply chains and business partnerships that might indirectly involve the company.

3. Provide a definitive response: Answer ‘Yes’ if the company is involved in any way with controversial weapons or ‘No’ if it is not.

2. Why is it important ?

Disclosure of such information allows assessing reputation and legal compliance risks of the company. It also reflects the company’s commitment to ethical business practices.

3. Examples :

– Example A: A company producing components used in the manufacture of anti-personnel mines would answer ‘Yes’ to this question.

– Example B: A consulting firm with no links to the production or trade of controversial weapons would answer ‘No.’

Transparency regarding involvement in controversial weapons is essential to demonstrate a company’s commitment to social and ethical responsibility. Accurately answering this question is crucial for the ESG report and the company’s reputation.