Through personal testimonies and tireless campaigning, 2024 Nobel Peace Laureates Nihon Hidankyo have consistently made one message clear: nuclear weapons cannot coexist with humanity.
The Nobel Peace Prize recognition of Nihon Hidankyo’s lifelong efforts has come at a time where risks of nuclear conflict keep rising and states only further deepen their reliance on the unprovable theory of nuclear deterrence.
The report “At Great Cost: The companies building nuclear weapons and their financiers” is a joint publication of PAX and the International Campaign to Abolish Nuclear Weapons (ICAN). As shown in the report, between January 2022 and August 2024, 260 financial institutions had significant financing or investment relations with nuclear weapon producers, down from 287 institutions in previously published results. The financial research was conducted by Profundo.
Corporations profit greatly from the billions spent on nuclear weapons modernization. The report examines in detail the involvement of 24 companies in the production, maintenance or modernization of nuclear weapons. These companies contribute to the nuclear arsenals of China, France, India, the United Kingdom and the United States.
Banks, pension funds, asset managers and other financial institutions worldwide continue to financially back the nuclear weapons industry. The financial institutions with significant financing or investment relationships with one or more of the 24 nuclear weapon producers are listed. Together, investors held just under $514 billion in shares and bonds in these companies, while just under $270 billion was provided in loans and underwriting.
