Hi --
Will producing nuclear weapons be a safe investment opportunity in the long-term? This is one of the key questions coming up in the new Don’t Bank on the Bomb report, released today <[link removed]> by PAX and ICAN. The answer can be key to showing investors why it’s time to step out of this risky business.
“Risky Returns” provides an overview of investments in 24 companies heavily involved in the production of nuclear weapons for the arsenals of China, France, India, the Russian Federation, the United Kingdom and the United States in 2022. It also exposes the investors financing or profiting from these companies. Overall, the report finds that 306 financial institutions made over $746 billion available to these companies, but that long-term investments (loans and underwriting) dropped by more than $45 billion. Read more here <[link removed]>.
So what does this all mean? It could signal that a growing number of long-term investors think the companies connected to nuclear weapons are a bad investment, that they present a risk to be avoided. But in a year marked by heightened global tensions and fears of nuclear escalation, we need to see more action now. We need to make sure investors see this report, and feel urged to act on it.
Will you help us share the report?
The companies still building nuclear weapons and their investors are getting called out- it’s unacceptable to profit from nuclear weapons during the greatest nuclear threats in generations. #nuclearban #divestment #DontBankontheBomb #bizHumanRights
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Thank you.
Susi Snyder
Financial Sector Coordinator
ICAN
It’s time to end nuclear weapons.
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