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Don't Bank on the Bomb

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Don't Bank on the Bomb

Investing in the Arms Race

2026-04-24 DontBankontheBomb

The report “Investing in the Arms Race: The companies building nuclear weapons and their financiers” is a joint publication of PAX and ICAN. The report

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Dropping nuclear weapons exclusions because we live in uncertain times? That completely misses the point.

2025-06-20 DontBankontheBomb

Against the backdrop of increasingly unstable geopolitical circumstances, some European investors are now lifting their nuclear weapons restrictions, allowing for more financial exposure to the

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At Great Cost

2025-02-18 DontBankontheBomb

The report “At Great Cost: The companies building nuclear weapons and their financiers” is a joint publication of PAX and ICAN. As shown in the

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“Risky Business” New Report by Quit Nukes and the Australia Institute

2024-10-15 DontBankontheBomb

Quit Nukes, together with the Australia Institute, has launched a new report: “Risky Business: an update on super funds and nuclear weapons”. The report shows

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Don’t Bank on the Bomb UK launched!

2024-09-20 DontBankontheBomb

This week, Medact’s Nuclear Weapons Group has launched a new campaign: Don’t Bank on the Bomb UK! Building on work from ICAN, PAX and DBOTB

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NORWAY’S GOVERNMENT PENSION FUND DIVESTS FROM GENERAL DYNAMICS AND LARSEN & TOUBRO

2024-09-09 DontBankontheBomb

The Norwegian Central Bank (Norges Bank) has announced it will exclude General Dynamics and Larsen & Toubro from its Government Pension Fund due to their

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News

Investing in the Arms Race

2026-04-24 DontBankontheBomb

The report “Investing in the Arms Race: The companies building nuclear weapons

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At Great Cost

Untenable Investments

POLICY ANALYSIS REPORT: MOVING AWAY FROM MASS DESTRUCTION

Risky Returns

Financial Institution News

NORWAY’S GOVERNMENT PENSION FUND DIVESTS FROM GENERAL DYNAMICS AND LARSEN & TOUBRO

2024-09-09 DontBankontheBomb

The Norwegian Central Bank (Norges Bank) has announced it will exclude General

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Norway’s Government Pension Fund divests from L3Harris Technologies

Global Alliance for Banking on Values calls on the financial sector to divest from the arms industry

Nippon Life Insurance Company now excludes nuclear weapon producers

Producing Company News

BWX Technologies-led joint venture, including Fluor, to manage and operate Pantex Plant

2024-09-09 DontBankontheBomb

In June 2024, the US National Nuclear Security Administration (NNSA) announced it

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Jacobs Solutions to spin-off and merge its Critical Mission Solutions and Cyber & Intelligence services businesses with Amentum

L3Harris completes acquisition of Aerojet Rocketdyne

Serco no longer seeking nuclear weapon associated contracts

In other news

Investing in the Arms Race

Dropping nuclear weapons exclusions because we live in uncertain times? That completely misses the point.

At Great Cost

Are ESG norms starving the defense industry of capital? The sector’s record profits tell a different story

“Risky Business” New Report by Quit Nukes and the Australia Institute

Don’t Bank on the Bomb UK launched!

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109 Policies excluding nuclear weapon producers

Nuclear weapon producers and their financial backers

Don’t Bank on the Bomb

Since 2013, PAX has published the Don’t Bank on the Bomb report as a contribution to the International Campaign to Abolish Nuclear Weapons- ICAN

About PAX

PAX works together with committed citizens and partners to protect civilians against acts of war, to end armed violence, and to build a just peace. www.paxforpeace.nl

Copyright

Permission is granted for non-commercial reproduction, copying, distribution, and transmission of this publication or parts thereof so long as full credit is given to the coordinating project organization (PAX), editor, and relevant authors; the text is not altered, transformed, or built upon; and for any reuse or distribution, these terms are made clear to others.

Reports

2025: At Great Cost

2024: Untenable Investments

2023: Moving Away from Mass Destruction

2022: Risky Returns

2022: Rejecting Risk

2021: Perilous Profiteering

2019: Beyond the Bomb

2019: Shorting our security

2019: Producing mass destruction

Don't Bank on the Bomb is a PAX project in conjunction with ICAN- the International Campaign to Abolish Nuclear Weapons.