Checklist for a Good Financial Institution Investment Policy
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. Does your institution have an investment policy? Let us know.
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)
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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’ technology
MAKE SURE THE POLICY APPLIES TO ALL THE INSTITUTION’S PRODUCTS AND SERVICES FOR THE ENTIRE GROUP, INCLUDING SUBSIDIARIES
- In all markets
- To all commercial banking, investment banking activities and to all asset management classes – passive and active, internal and external
- To all existing and future investments
For more detailed information, please visit www.dontbankonthebomb.com