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Create a nuclear weapons free investment policy
Once financial institutions make the decision to put a nuclear weapons free policy into place, there are some key aspects to consider. The following checklist gives a brief overview of the different elements to include in nuclear weapons policies
Why make a policy at all?
Nuclear weapons are inhumane
There is a stigma attached to financing the bomb
Consumers are going green
Nuclear weapons producers don’t generate more profit than other industries
Nuclear weapons are prohibited by international treaty
3 steps to be nuclear weapons free
Announce the intention to end involvement with nuclear weapons (or announce that currently
no known investments exist)
Develop a comprehensive policy preventing investment in nuclear weapon producers
Prepare a timeline for divesting from existing holdings (if applicable)
Get into the Don’t Bank on the Bomb Hall of Fame
MAKE SURE THE POLICY EXCLUDES ALL NUCLEAR WEAPON ASSOCIATED COMPANIES
Whole companies, not only nuclear related projects
Companies associated with nuclear weapons including through joint ventures
Companies regardless of their country of origin
Companies regardless of their country of operation
MAKE SURE THE POLICY EXCLUDES ALL NUCLEAR WEAPONS ASSOCIATED ACTIVITIES
Developing, testing, production, maintenance or trade of nuclear weapons related technology,
parts, products or services
Delivery systems that are specifically developed for nuclear tasks, including ‘dual use’
MAKE SURE THE POLICY APPLIES TO ALL THE INSTITUTION’S PRODUCTS AND SERVICES FOR THE ENTIRE GROUP, INCLUDING SUBSIDIARIES
To all commercial banking, investment banking activities and to all asset management classes
– passive and active, internal and external.