Nuclear Weapons Divestment Campaign

Investing in Change are asking people to join them in calling some of the UK’s biggest banks and pensions providers to end their investment in nuclear weapons.

Nuclear weapons are unique in their potential for indiscriminate and massive scale destruction but, unlike other weapons such as landmines, are still widely invested in by companies we trust with our money. Since the entry into force of the Treaty on the Prohibition of Nuclear Weapons (TPNW) in January 2021, nuclear weapons assume a similar status under international law to that of cluster munitions and landmines from which financial institutions have divested.

NatWest, HSBC, Barclays, Royal London, People’s Pension and Nest all invest in companies that produce nuclear weapons, and they need to hear that their customers think this is unacceptable.

There will be distinct days of action for each, usually at the time of their AGM.
You can find template letters and tweets below, alongside the date for each action.

If you receive a reply, please drop an email to investinginchange.enquiries@gmail.com, as this will be so helpful in judging how receptive the company is to ending their nuclear weapons investment.

NatWest – April 28th

NatWest Tweets
Hey NatWest, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on April 28th
Hello, @NatWestGroup I am a NatWest account holder and I want to know why you are heavily invested in the production of nuclear weapons. It’s illegal under international law! Start #InvestingInChange
Hey NatWest, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on April 28th
Hi @NatWestGroup why are you investing in companies that produce weapons of mass destruction? When are you going to start #InvestingInChange?
The UN Treaty of the Prohibition of Nuclear Weapons means that investing in nuclear weapons is illegal under international law.Yet NatWest still invests in companies that produce these weapons.Join us in telling NatWest it's time to start #InvestingInChange
Schedule for 10 AM on April 28th
Did you know that @NatWestGroup invest in companies involved in the production of nuclear weapons? Join me in calling for them to end this immoral investment and start #InvestingInChange
NatWest Letter

If you want to post your letter, the address is 135 Bishopsgate, London EC2M 3UR. Alternatively, email alisonRos@natwest.com.

FAO CEO of NatWest Alison Rose

Dear Alison, 

I am writing to you as a NatWest bank account holder ahead of you ahead of your AGM on the 28th April.
 
I was shocked to learn that you have invested over £1.6 billion in recent years in eleven companies involved in the manufacturing of nuclear weapons. It does not make sense to me that you have a complete restriction on investing in companies involved in producing cluster munitions or landmines, but still widely invest in companies that produce nuclear weapons. 

It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production, and so it is not enough for you to only avoid funding nuclear weapons projects directly. 

Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation, is unparalleled in the natural world or by any other weapons.

The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for NatWest group to make a stand and end the financing of these most devastating weapons.
 
I await your response.

Kind Regards,

HSBC – April 29th

HSBC Tweets
Hey HSBC, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on April 29th
Hello, @HSBC I am a HSBC account holder and I want to know why you are heavily invested in companies producing nuclear weapons. It’s illegal under international law! Start #InvestingInChange
Hey HSBC, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on April 29th
Hi @HSBC why are you investing in companies that produce weapons of mass destruction? When are you going to start #InvestingInChange?
The UN Treaty of the Prohibition of Nuclear Weapons means that investing in nuclear weapons is illegal under international law.Yet NatWest still invests in companies that produce these weapons.Join us in telling HSBC it's time to start #InvestingInChange
Schedule for 10 AM on April 29th
Did you know that @HSBC invest in companies involved in the production of nuclear weapons? Join me in calling for them to end this immoral investment and start #InvestingInChange
HSBC Letter

If you want to post your letter, the address is 8 Canada Square, London, E14 5HQ. Alternatively, email Ian.Stuart@hsbc.com.

FAO CEO of HSBC Ian Stuart

Dear Ian,

I am writing to you as an HSBC bank account holder ahead of your AGM on the 29th April. 

I was shocked to learn that you are heavily invested in companies that are involved in the production of nuclear weapons. I have trusted you to bank responsibly and am dismayed to find that you have invested almost $3000million in companies involved in the production of nuclear weapons since 2017.

It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production, and so it is not enough for you to only avoid funding nuclear weapons projects directly. 

Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation, is unparalleled in the natural world or by any other weapons.

The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for HSBC to make a stand and end the financing of these most devastating weapons. 

I await your response

Kind Regards 

Barclays – May 4th

Barclays Tweets
Hey Barclays, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on May 4th
Hello, @Barclays I am a Barclays account holder and I want to know why you are heavily invested in companies producing nuclear weapons. It’s illegal under international law! Start #InvestingInChange
Hey Barclays, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on May 4th
Hi @Barclays why are you investing in companies that produce weapons of mass destruction? When are you going to start #InvestingInChange?
The UN Treaty of the Prohibition of Nuclear Weapons means that investing in nuclear weapons is illegal under international law.Yet NatWest still invests in companies that produce these weapons.Join us in telling Barclays it's time to start #InvestingInChange
Schedule for 10 AM on May 4th
Did you know that @Barclays invest in companies involved in the production of nuclear weapons? Join me in calling for them to end this immoral investment and start #InvestingInChange
Barclays Letter

If you want to post your letter, the address is 2 Churchill Place, Canary Wharf, London, E14 5RB. Alternatively, email matt.hammerstein@barclays.com

FAO CEO of Barclays Matt Hammerstein

Dear Matt, 

I am writing to you as a Barclays bank account holder ahead of your AGM on the 4th May. 

I was shocked to learn that you are heavily invested in companies that manufacture nuclear weapons. It does not make sense to me that you say you implement the UN Principles For Responsible Investment which has a policy “not to finance manufacture of nuclear weapons”, whilst you have more than $5000million invested in companies that do exactly that.

It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production, and so it is not enough for you to only avoid funding nuclear weapons projects directly. 

Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation, is unparalleled in the natural world or by any other weapons.

The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for Barclays to make a stand and end the financing of these most devastating weapons. 

I await your response

Kind Regards 

Nest – May 22nd

Nest Tweets
Hey Nest, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on May 22nd
Hello, @NestPensions I am a Nest pension holder and I want to know why your default fund invests in nuclear weapons. It’s illegal under international law! You need to start #InvestingInChange
Hey Nest, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on May 22nd
Hi @NestPensions why are you investing the pensions of hard-working Brits in weapons of mass destruction? When are you going to start #InvestingInChange?
The UN Treaty of the Prohibition of Nuclear Weapons means that investing in nuclear weapons is illegal under international law.Yet NatWest still invests in companies that produce these weapons.Join us in telling Nest it's time to start #InvestingInChange
Schedule for 10 AM on May 22nd
Did you know that @NestPensions invest in companies involved in the production of nuclear weapons? Join me in calling for them to end this immoral investment and start #InvestingInChange
Nest Letter

If you want to post your letter, the address is St Dunstan’s House 201-211 Borough High Street, London SE1 1JA. Alternatively, email secretariat@nestcorporation.org.uk.

FAO Nest CEO Helen Dean

Dear Helen,

I am writing to you as a Nest pension holder. 

I was shocked to learn that pension funds in your default fund are invested in companies that produce nuclear weapons. Given the recent developments in international law, it is not sufficient for exclusions on nuclear weapons to be restricted to your ethical funds when these are held by the minority of your customers.

It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production, and so it is not enough for you to only avoid funding nuclear weapons projects directly. 

Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation, is unparalleled in the natural world or by any other weapons.

The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for Nest to make a stand and end the financing of these most devastating weapons. 

I await your response

Kind Regards 

People’s Pension – May 22nd

People's Pension Tweets
Hey People's Pension, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on May 22nd
Hello, @PeoplesPension I am a People’s Pension holder and I want to know why your default fund invests in nuclear weapons. It’s illegal under international law! You need to start #InvestingInChange
Hey People's Pension, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on May 22nd
Hi @PeoplesPension why are you investing the pensions of hard-working Brits in weapons of mass destruction? When are you going to start #InvestingInChange?
The UN Treaty of the Prohibition of Nuclear Weapons means that investing in nuclear weapons is illegal under international law.Yet NatWest still invests in companies that produce these weapons.Join us in telling Barclays it's time to start #InvestingInChange
Schedule for 10 AM on May 22nd
Did you know that @PeoplesPension invests in companies involved in the production of nuclear weapons? Join me in calling for them to end this immoral investment and start #InvestingInChange
People's Pension Letter

If you want to post your letter, the address is Manor Royal, Crawley RH10 9QP. Alternatively, use the contact box.

FAO People’s Pension CEO Patrick Heath-Lay 

Dear Patrick,

I am writing to you as a People’s Pension customer

I have heard assurances that you are committed to raising nuclear weapon investment with members, but have not heard that this has yet happened. Given the recent developments in international law, it is unacceptable that employees who are auto-enrolled in your pension funds are also auto-enrolled into indirectly investing in companies that manufacture nuclear weapons.

It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production, and so it is not enough for you to only avoid funding nuclear weapons projects directly. 

Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation, is unparalleled in the natural world or by any other weapons.

The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for People's Pension to make a stand and end the financing of these most devastating weapons. 

I await your response

Kind Regards 

Royal London – June 7th

Royal London Tweets
Hey Royal London, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on June 7th
Hello, @RoyalLondon I am a Royal London pension holder and I want to know why your default fund invests in nuclear weapons. It’s illegal under international law! You need to start #InvestingInChange
Hey Royal London, stop investing in nuclear weapons. Start #InvestingInChange
Schedule for 10 AM on June 7th
Hi @RoyalLondon why are you investing the pensions of hard-working Brits in weapons of mass destruction? When are you going to start #InvestingInChange?
The UN Treaty of the Prohibition of Nuclear Weapons means that investing in nuclear weapons is illegal under international law.Yet NatWest still invests in companies that produce these weapons.Join us in telling Rpyal London it's time to start #InvestingInChange
Schedule for 10 AM on June 7th
Did you know that @RoyalLondon invest in companies involved in the production of nuclear weapons? Join me in calling for them to end this immoral investment and start #InvestingInChange
Royal London Letter

If you want to post your letter, the address is Royal London House, Alderley Park, Congleton Road, Nether Alderley, Macclesfield, SK10 4EL. Alternatively, email barry.odwyer@royallondon.com.

FAO Royal London Chief Executive Barry O'Dwyer

Dear Barry, 

I am writing to you as a Royal London pension holder ahead of your AGM on the 7th June. 

I was shocked to learn that pension funds in your default fund are invested in companies that produce nuclear weapons. Given the recent developments in international law, it is not sufficient for exclusions on nuclear weapons to be restricted to your ethical funds when these are held by the minority of your customers.

It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production, and so it is not enough for you to only avoid funding nuclear weapons projects directly. 

Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation, is unparalleled in the natural world or by any other weapons.

The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for Royal London to make a stand and end the financing of these most devastating weapons. 
I await your response

Kind Regards 
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