Corporate investments in nuclear weapons
The report found that 329 financial institutions had invested $525 billion in the top 20 nuclear weapons producers such as BAE, Boeing, Lockheed Martin and Serco between January 2014 and October 2017.
The financing provided by the institutions could be loans, investment banking or ownership of more than 0.5% of the shares of at least one of the producing companies.
Hall of Fame
22 institutions were listed in the Hall of Fame for having a policy that excluded all types of investments in nuclear weapons companies (withdrawing past investments and avoiding future investments).
Of all the banks covered in these guides, only Triodos and The Co-operative Bank appeared in the Hall of Fame.
In our guides
The financial institutions listed as runners-up and those in the Hall of Shame receive a full mark in the Arms & Military Supply column on the score tables in our product guides.
41 financial institutions were listed as ‘runners-up’ because they have publicly available policies that exclude nuclear weapon producers from their investments, but their policies contain loopholes that still allow for some investments. They have all expressed a shared understanding that involvement in nuclear weapons production is at least controversial. However, the loopholes have allowed some sizeable investments. Indeed, Barclays is one of the biggest investors in Europe.
The runners-up include five institutions in our finance guides:
|BNP Paribas (part owns Impax fund)||8601|
|Royal Bank of Scotland||3657|
(Ranked by total finance made available to nuclear weapons companies)