No War, No Weapons.
Companies that do not manufacture weapons or profit from armed conflict.
This dimension identifies companies involved in weapons manufacturing, military equipment supply, and profiteering from armed conflict. We track defense contract awards, arms export licenses, investigative reports on weapons used in conflict zones, and NGO documentation of companies supplying authoritarian regimes. Dual-use technology companies that sell surveillance tools to governments with poor human rights records are also flagged.
What we measure
Percentage of revenue from arms or defence contracts
Dual-use technology R&D with military applications
Sales to embargoed or sanctioned regimes
Verified zero exposure to controversial or banned weapons
Arms Trade Treaty compliance and end-user certification
Conflict mineral supply chain certification
AI military safeguards and ethical red lines
Human rights due diligence in conflict-affected areas
Why it matters
Many investors have strong convictions about weapons and conflict. Traditional ESG screens often use simple SIC code exclusions that miss subsidiaries, joint ventures, and dual-use technology companies. Our adversarial approach catches companies that technically fall outside standard defence sector classifications but are deeply embedded in conflict supply chains.
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Rankings are analytical opinions built with AI-assisted research from cited public evidence. Not financial advice. See our Risk Disclosure for full details.