Banks, pension funds, asset managers and insurance companies are exposed to the nuclear weapons industry through loans, shareholding, bond holding and underwriting.

These are the financial institutions with links to the nuclear weapons industry.

The financial information included here comprises financial institutions participating in loans and underwriting deals since 1 January 2019, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2020. When it comes to investments in shares or bonds of the weapons companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

The information is also limited to information available in the public domain. Although the sources on which the information is based are reputable and well-known, they are themselves not comprehensive. The numbers provided in the report are therefore a conservative estimation of the total global investments in the nuclear weapons industry.