New analysis shows $746,677 million was made available to nuclear weapons producing companies between January 2020 and July 2022. Bondholding values dropped by $1 billion. Loans and underwriting also decreased with $31.2 billion and $14.7 billion respectively.
The Australian Red Cross urges action from the financial sector.
The Victorian Psychologists Association has passed a powerful resolution on divestment.
Ten independent parliamentarians have told the federal government it should honour its commitment to join a global treaty outlawing nuclear weapons.
It is high time Super Funds classify nuclear weapons as “controversial weapons” and divest, now they have joined chemical weapons and biological weapons as illegal under international law.
Leading ethical funds Future Super, Verve Super, Crescent Wealth and Christian Super have, in an open letter to the Responsible Investment Association of Australia, called for improved certification standards.