Dear
Friend --
The treaty has teeth, and it's
taking a bite out of the bank accounts of the companies behind nuclear
weapons. Investors behind $3.9 trillion in assets say the TPNW
is why they’re saying no to nuclear weapons.
More than 101 financial institutions
have public policies against nuclear weapon related investments, as
reported in the latest PAX and ICAN Don’t Bank on the Bomb report
“Rejecting Risk: 101 policies against nuclear weapons”.
Read the report
As Larry Fink wrote in his 2022
Letter to CEOs, “access to capital is not a right. It is a
privilege.”, and these institutions are revoking that privilege from
the nuclear weapons industry.
The report showcases 59 investors
with comprehensive policies preventing any money from getting into the
nuclear weapons industry. Based in Australia, Belgium, Canada,
Denmark, Finland, Germany, Ireland, Italy, Luxembourg, Mexico, New
Zealand, Norway, Sweden, Switzerland, the Netherlands, United Kingdom
and the United States, they are investing for the future, not in
nuclear weapons.
Others profiled in the report have
public policies which are not as comprehensive. These Runners-Up
should all be congratulated for recognising there is a problem with
investing in the nuclear weapons industry, and encouraged to close the
loopholes in the policies, so they might move up to the Hall of Fame.
There’s still a long way to go, as
this is only a small part of the broader financial sector.
Nevertheless, we’d love your help congratulating the good guys, and
sharing this report.
Thank you,
Susi Snyder
Author “Rejecting Risk”
PS: Don’t forget to check out the
resources for investors, financiers, and more at: divest.icanw.org!
It’s time to end nuclear
weapons.
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