The number of financial institutions refusing to invest in the nuclear weapons industry has increased by a third over the last year.
That’s the finding of the 2022 ‘Don’t Bank on the Bomb’ report, Rejecting Risk.
One year on from the effective date of the Treaty on the Prohibition of Nuclear Weapons (TPNW), there are now 101 financial institutions restricting investments in companies involved in the manufacture, development, deployment, stockpiling, testing or use of nuclear weapons.
The institutions control more than $14 trillion in investments. Many of them refer to the TPNW as part of the justification for their policies.
Topics: Nuclear weapons