As investors, we have come together to develop a framework to advance a responsible civilian firearms industry in the United States of America. We believe in the rule of law and respect the 2nd Amendment of the U.S. Constitution. As asset owners and asset managers, we have a duty to our beneficiaries who depend on us for financial security; such obligations compel us to assume responsibility for reducing risks that we and our beneficiaries face if and when we hold a financial interest in both private and public firearms related enterprises. We believe that enterprises involved in the manufacturing, distribution, sale and enforcement of regulations of the firearms industry are well positioned to support pragmatic transparency and safety measures that contribute to the responsible use of firearms. Through this framework, we assert our role as investors in encouraging such practices, and we identify expectations for the firearms industry that will reduce risks and improve the safety of civil society at large. Further, we commit to monitoring progress by companies over time and engaging with them regularly on this issue, especially in support of enterprises that champion adoption of responsible practices.
The Responsible Civilian Firearms Industry Principles (“Principles”) are meant to be sensible and not intended to be prescriptive in nature. We recognize that there are many ways to apply a principle; companies are free to apply the Principles in a manner they deem appropriate. We also recognize that the civilian firearms industry is highly regulated by both federal and state entities with respect to the manufacture, sale, use, and transfer of firearms. However, we also recognize that more can be voluntarily done by companies within these existing regulatory boundaries to advance safety and the responsible use of civilian firearms.
Collectively, we investors are supportive of the following five broad principles. We call on companies within the civilian firearms industry to publicly demonstrate and publish their compliance with each of these principles, failing which, we will consider using all tools available to us as investors to mitigate these risks.