A Rotarian has just made me aware that Rotary quietly adopted a policy in June of not investing in weapons companies. This is worth celebrating and encouraging all other organizations to do likewise. Here is the policy, excerpted from a document pasted below:
“The Rotary Foundation . . . will typically avoid investment in . . . companies that derive significant revenue from producing, distributing, or marketing . . . military weapons systems, cluster munitions, anti-personnel mines, and nuclear explosives.”
Now, I’ll admit that declaring what you will “typically” not do is weak compared to declaring what you will never do, but it does create leverage to make sure that in fact the “typical” behavior is at least mostly what is done.
And it is certainly odd that after “military weapons systems” three particular types of military weapons systems are added, but there doesn’t seem to be any obvious way to read that as excluding other types of military weapons systems. They seem to all be covered.
Below is appendix B from the minutes of a Rotary International board meeting in June 2021. I’ve bolded a bit of it:
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