The Aerospace Sector and the New UN Arms Trade Treaty
The fifth issue of our Sustainability Focus.
For the first time in history, through the Arms Trade Treaty, global trade in conventional weapons will be regulated in an attempt to halt the proliferation of arms leading to violent conflict and human rights abuses around the world. As producers of weapons, companies in the Aerospace industry have a particular responsibility to ensure the respect and correct implementation of the Treaty within their sphere of influence and operations. Today, although many companies in the sector commit to respect arms export controls and prevent arms proliferation and related human rights violations, few of them appear to have effective systems in place to ensure the respect of their commitments. The new Treaty may have a positive impact on Aerospace companies’ efforts to prevent arms proliferation, to the benefit of both the companies themselves and their stakeholders.
Business Behavior, World