Don't Bank on the Bomb 2018 Report


View/download Report PDF Don't Bank on the Bomb's 2018 report found that 22 financial institutions comprehensively prevented any involvement in nuclear weapon producing companies in 2017, up from 18 in 2016 and 13 in 2015: including Norway's Government Pension Fund, Australia's Future Super, U.S.-based fund manager Green Century and Denmark's MP Pension, which manages pensions for Danish academics.

There were a further 41 institutions that excluded nuclear weapon producers from their investments, but whose policy was not all-inclusive, up from 36 in 2016 and 40 in 2015.

Of the $525 billion invested, $81 billion more than a year previously, more than half came from the top 10 investors, all U.S.-based, led by Blackrock, Capital Group and Vanguard, the report said.

"The small group of countries that have nuclear weapons are modernizing and even expanding their arsenals.

"At the same time, a large majority of countries around the world are calling for an end to this new nuclear arms race."

"Author of the report Susi Snyder: 'The Nuclear Ban Treaty has sparked momentum towards divestment, shown by 10% fewer investors in nuclear weapon producers, and an increase in financial institutions comprehensively prohibiting any investment. Investments are not neutral, these companies should be congratulated for standing on the side of humanity.'" (ref) / (ref2)

blog text from Nuclear Watch New Mexico

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