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

This is an alphabetical listing of all financial institutions included in the "Investing in the Arms Race" report with financial relationships (share or bond holding of more than 0.5% of outstanding shares/bonds, lending, or underwriting) with the nuclear weapons producers identified in that report.

301 Institutional investors with financial relationships to 25 companies in the nuclear weapons industry

All financial institutions which were found to participate in loans and underwriting deals since 1 January 2023 are listed. In addition, to provide a fuller picture of the overall credit granted to the nuclear weapons producing companies, participation in loans which were closed before that date, but have not matured before 1 October 2024, is included in this report. All financial institutions which were found to own at least 0.5% of the outstanding shares or bonds of one or more of the profiled companies at most recent filing dates are listed. As of September 2025, data was collected at the most recent filing date, which in most cases corresponds to June 30th, 2025.

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.