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Wall Street and the nuclear ban treaty November 29, 2023 at 8:30am - 10:30am Eastern Time (US & Canada) Domini Impact Investments 180 Maiden Ln New York, NY 10038 United States Contact person: Susi Snyder

Ongoing threats to use nuclear weapons create a systemic risk for investors. The mere news of their possible deployment has an immediate negative effect on financial markets, across every sector and asset class. In the context of Russia’s repeated threats to use nuclear weapons in the ongoing Ukraine conflict, and as the global regulatory environment enhances attention to ESG, investors should be monitoring and looking at the various approaches to minimize this risk across their portfolios. 

This breakfast discussion will bring together asset managers, asset owners, data and service providers and nuclear experts to inform about the current context and explore the strategies investors can use to assess, address and minimize their own portfolio exposure as well as contribute to the global norms preventing harms from these weapons of mass destruction. 

Since the UN Treaty on the Prohibition of Nuclear weapons (TPNW) became international law, 140 countries have expressed their support, more than 2,000 members of parliaments have pledged to implement the agreement, and 700 cities have passed resolutions in support of the Treaty. Recognising that no modern agreement can be implemented without broad stakeholder support, more than 100 members of the financial community have publicly supported the treaty through policies and statements. These are some of the ways that the implicit permission to make weapons of mass destruction is being revoked. Specifically, the inclusion in the Treaty of the prohibition of assistance with production, manufacture, stockpiling, development and use of nuclear weapons has important implications for the financial sector – now  financing nuclear weapons is illegal under international law.

This discussion will examine the new legal landscape as a result of the TPNW, share existing strategies among investors to address the risks of nuclear weapons, and explore new opportunities and implications for the investment community to support the renewed global movement against nuclear weapons. 

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