The imminent entry-into-force of the United Nations’ Treaty on the Prohibition of Nuclear Weapons (TPNW) allows for a unique opportunity to hit the nuclear weapons producers where it hurts – their wallets. Through public pressure, we can make financial institutions respond to a new climate in which these weapons of mass destruction are recognised to be incompatible with sustainable, responsible and smart investment practices and pull their investments from companies that make nuclear weapons.

A newly released edition of the Don’t Bank on the Bomb Hall of Fame shows that the number of financial institutions adopting and strengthening their policies to prevent any financial involvement in nuclear weapon producing companies is growing rapidly. Together, the 36 institutions in the Hall of Fame are keeping at least EUR1600 billion in assets out of the nuclear weapons industry.

More and more financial institutions are saying no to nuclear weapons. PAX's Don’t Bank on the Bomb report, Beyond the Bomb, profiles 77 banks, pension funds, insurance companies and other financial institutions with policies to not invest in nuclear weapons producers. This is an increase of 14 since the 2018 report.

Download the report.

Article: How to dismantle the absurd profitability of nuclear weapons

Author: Jon Schwarz

Featured in: The Intercept

Big news from the financial sector: in an update to its investment policies, Germany’s Deutsche Bank excludes nuclear weapons producers.