China Spacesat Co Ltd

The Council on Ethics’ recommendation, 20 January 2020

The Council on Ethics of the AP Funds’ (The Council on Ethics) standpoint on cluster munitions is informed by international conventions signed by Sweden. The Council on Ethics recommends exclusion of companies that produce, store, trade, or use cluster munitions.

China Spacesat Co Ltd is 51.7 percent owned by China Aerospace Science & Technology Corporation (CASC). CASC, which is state-owned, is involved in the production and sale of cluster munitions. The company markets on its website products that are available as a version made for cluster munitions.

The Council of Ethics therefore recommends the exclusion of the company China Spacesat Co Ltd which, through its majority owner, is associated with violations of the convention on cluster munitions.