NETHERLANDS PENSION FUND SAYS “NO NUKES”

The largest pension fund in the Netherlands, APB, has decided to cease investing its funds in tobacco and in nuclear weapons. APB is carrying the pensions of police officers, public servants, teachers and politicians. The landmark decision comes just 6 months after the adoption by the UN of the Treaty for the Prohibition of Nuclear Weapons (TPNW) and after pressure from PAX in the Netherlands. In the background there is the recognition that due to the Treaty investment in nuclear weapons has become a greater financial risk. It is also important that this has happened in a NATO state. There is huge scope in the UK and in Scotland in particular to apply pressure here for disinvestment in nuclear weapons. The Scottish Don’t Bank on The Bomb Campaign has practical suggestions for action.

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