The UK Nuclear Weapons Finance Research Group, along with more than 40 other organisations, has signed a letter calling on NatWest Group to stop financing the nuclear weapons industry.
Natwest Group, formerly known as the Royal Bank of Scotland, is one of the largest banks in the UK. Natwest Group had $1,861.4 million in outstanding investments to major nuclear weapons producers between 2018-2020.
As long-standing supporters of nuclear disarmament, we recognise the catastrophic dangers that nuclear weapons pose to people and planet. We welcomed entry into force of the UN Treaty on The Prohibition of Nuclear Weapons on 22 January. A comprehensive ban on nuclear weapons is now part of international law. NatWest Group describes itself as a responsible investor. That claim cannot be sustained while the bank continues to finance companies that make weapons of mass destruction.
Written by Henrietta Cullinan (Pax Christi)