Portfolio 21 does not invest in companies involved exclusively in the production of weapons, or in diversified companies that derive more than a small percentage of revenues from weapons production. Warfare and conflict cause widespread human and ecological devastation, therefore we limit our exposure to companies involved in the manufacturing of weapons, as well as military contracting for weapons-related products and services. However, we do invest in some companies that maintain military contracts as we recognize that the military often provides research and development (R&D) funding for new technologies that provide inherent environmental benefit (e.g., renewable energy). These R&D contracts can enable beneficial new technologies to be commercialized for both military and civilian use.


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