Dear Friend --

Today, ICAN and PAX are proud to release a new report “Untenable Investments” showing that the number of investors supporting the nuclear weapons industry continues to drop.

“Untenable Investments” shows that there are fewer financial institutions providing money to the nuclear weapons industry falling from 306 to 287 in the last year, continuing the trend since the nuclear ban treaty went into effect.

The nine nuclear-armed states are modernising, and in some cases also expanding, their nuclear arsenals which are produced by the companies identified in this report. Overall, the total amount available to these 24 companies increased- primarily through an increase in loan financing and share values. The report shows 287 investors from 28 countries continue to seek profit from the production of nuclear weapons.

Overwhelmingly, the treaty is helping to keep money out of the nuclear weapons industry and the  financial community is taking note. Last year at the second meeting of TPNW states at the UN, a statement from 111 international financial institutions, representing over $1 trillion in investments, called for stronger cooperation between governments and the financial community to end nuclear weapons once and for all. 

On Monday, we’ll be talking more about this online during a LinkedIn Live session, will you join us?

Thank you, 

Susi Snyder
Programme Coordinator
ICAN