Barclays cover personal banking, corporate banking, wealth management, and investment management. Read more about their published ethical investment policy here.
Barclays are the second-most exposed company to nuclear weapons-producing companies in our report. They have not suggested that they would review policy in light of the UN Treaty on the Prohibition of Nuclear Weapons.
Barclays implement and report to the UN Principles for Responsible Investment, and their policy is “not to finance manufacture of nuclear weapons.” However, this only restricts direct financing of nuclear weapons, rather than all nuclear weapons-related activity. They have not suggested that they would review policy in light of the UN Treaty on the Prohibition of Nuclear Weapons.
Don’t think this is good enough? Get in contact with Barclays to tell them you want them to be more transparent, more ethical, and more comprehensive in their policy on controversial weapons.
Email Barclays using our template to bring your concerns to their attention.
@BarclaysUK Stop investing in nuclear weapons-producing companies! Applying “Due Diligence” is not enough – real change requires excluding whole companies who are at all involved in nuclear weapon production #InvestingInChange @UKNWFRGTweet
@BarclaysUK How will the ratification of the UN Treaty on the Prohibition of Nuclear Weapons affect your business practices? #InvestingInChange @UKNWFRGTweet
@BarclaysUK Your customers deserve to know their money is being invested in nuclear weapons-producing companies, please make your policy more clear on your website and consult with your customers on this issue. #InvestingInChange @UKNWFRGTweet
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