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New Report Calls Out Banks that Make Nuclear Weapons Investments
By Kirsten Gronlund
Despite the 2017 international Treaty on the Prohibition of Nuclear Weapons, weapons companies continue to build them. Facilitating this production is a massive amount of investment capital contributed by private financial institutions.
Many nuclear weapons producers engage in commercial activity other than weapons production, and investors have no way of ensuring how their investments will be used. Thus, “the report shows investments in those nuclear weapon producers at the group level, regardless of the other activities of the company or the percentage of turnover it derives from nuclear weapons-related activities.”
The report finds that over 748 billion USD was invested in the top 18 nuclear weapons companies between January 2017 and January 2019. Investments in these companies have grown by 42% compared to Don’t Bank on the Bomb’s previous analysis, up from 325 billion USD. This is due in large part to a 40% increase in Boeing’s share prices; since the conclusion of this analysis, the Boeing 737Max airplane crash has negatively affected the company.
The 748 billion USD represents investments by 325 financial institutions, headquartered in 28 countries. In the previous analysis, only 25 countries hosted institutions with investments in nuclear weapons producers. Since that analysis, 94 institutions representing at least 55,507 million USD in investments ended their contributions. However, this loss is more than offset by the 90 institutions that have since made first-time investments totaling 107,821 million USD. Over half the total investment capital came from just the top 10 investors.
Who is investing the most?
The top 10 investors are all US companies. Their total investments, in millions USD, are listed below.
Verisight (now known as Newport Group, formerly Evercore)
T. Rowe Price
Bank of America
Search here to find out if your bank is investing in nuclear weapons.
Who stopped investing?
Below are the ten largest investors that no longer have investments in the top 18 weapons producers.
Children’s Investment Fund Management
Marathon Asset Management
William Blair & Company
Mackie Research Financial
Discovery Capital Management
Blue Harbour Group
Manning & Napier
Teacher Retirement System of Texas
Who started investing?
Below are the ten new investors with the highest investments.
United Overseas Bank
Point72 Asset Management
Strategic Incoe Management
Development Bank of Japan
Where is the money going?
Total investments in each company are listed in millions USD.