The report “Risky Returns” provides an overview of investments in 24 companies heavily involved in the production of nuclear weapons for the arsenals of China, France, India, the Russian Federation, the United Kingdom and the United States in 2022. Overall, the report finds that 306 financial institutions made over $746 billion available to these companies, in loans, underwriting, shares or bonds. US-based Vanguard remains the largest single investor, with $68,180 million invested in the nuclear weapon industry.
By ICAN | December 15, 2022 icanw.org
While the total value of investments in the 24 nuclear weapon producers was higher than previous years, this is also attributed to share price variances through a turbulent year in the defence sector. Some nuclear weapon producers also produce conventional weapons and saw their stock values rise, likely resulting from the announcements by NATO states that they would significantly increase defence spending. Yet the report found no increase in the number of investors in the nuclear weapon producers.