Who are they funding and how much?
All of the companies listed in the table below are also listed on the opposite page for funding nuclear weapons producers.
Investment company BlackRock has investments of €32.6 billion in the weapons companies in the report. This is far more than all ten European banks combined. This is despite stating that it expects all the companies in its portfolio to make “a positive contribution to society”.
Lloyds Bank was one of the two largest overall providers of loans to the arms companies, totalling €4.1 billion. Lloyds provided finance to General Dynamics (which has exported to Egypt and Saudi Arabia and is involved in the production of nuclear weapons) totalling €2.4 billion.
In terms of actual shareholdings in the arms companies. Deutsche Bank ranked second of all the banks with holdings in all of the arms companies, totalling €2.6 billion.
||Finance provided eg loans (€m) 2015 - 2019
||Investments eg shareholding (€m) as of Jan 2019
|BlackRock – owns 10% of Janus Henderson ethical investment funds
|Deutsche Bank – owns 19% of ICICI Bank
|BNP Paribas – owns 25% of Impax ethical investment fund
Facing Finance e.V. is a non-profit organisation headquartered in Berlin that takes a stand against financial corporations’ violations in the areas of environment and climate change, labour and human rights, corruption, and any use of weapons that are against international law. Read the full report here.
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