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Don't Bank on the Bomb Scotland
Working for disarmament through divestment
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About Don’t Bank on the Bomb Scotland
Introduction to 2021 guide
1. Why divest?
1.1 It’s wrong to invest in weapons of mass destruction
1.2 Nuclear weapons are prohibited under international law
1.3 Divesting from nuclear weapons makes financial sense
1.4 Scotland opposes nuclear weapons
1.5 Divestment can help achieve a world without nuclear weapons
1.5.1 How can this work?
1.5.2 Cluster munitions case study
2. Nuclear weapons producers
3. Scottish Local Government Pension Scheme
3.1 Strathclyde
3.2 Lothian
3.3 Tayside
3.4 Falkirk
3.5 Highland
3.6 Fife
3.7 North East Scotland
3.8 Scottish Borders
3.9 Orkney
3.10 Dumfries and Galloway
3.11 Shetland Islands
3A. How can we divest the Scottish Local Government Pension Scheme from nuclear weapons?
3A.1 The limitations of “engagement”
3A.2 What about fiduciary duty?
3A.3 Councils can pass a resolution supporting divestment
3A.4 ACTION on local authority pension funds: What you can do
4. Scottish Parliamentary Pension Scheme
5. Scottish universities
5.1 University of Edinburgh
5.2 University of Glasgow
5.3 University of Aberdeen
5.4 University of St Andrews
5.5 University of Dundee
5.6 Heriot-Watt University
5.7 University of Stirling
5.8 University of Strathclyde
5.9 University of the West of Scotland
5.10 Edinburgh Napier University
6. Scottish financial institutions
6.1 NatWest Group (formerly RBS Group)
6.1.1 NatWest Group’s policy
6.2 Lloyds Banking Group
6.3 Standard Life Aberdeen
7. Other British financial institutions
8. ACTION: Banks and pension funds
8.1 Aim: to persuade financial institutions to adopt comprehensive divestment policies
8.1.1 Example of a comprehensive policy: Co-operative Bank
8.1.2 Example of a policy that is not comprehensive: RBS Group
8.2 Tell your bank to stop financing nuclear weapons producers
8.3 Tell your pension fund to stop investing in nuclear weapons producers
CAMPAIGN: Divesting local authority pension funds from nuclear weapons
ACTION: ask Edinburgh City Councillors to support nuclear weapons divestment
Resources
EVENTS
NatWest Day of Action: 8 April 2022
Contact and mailing list
Blog
Letter to The Herald, 30 April 2022
New report reveals nuclear ban treaty’s impact on the financial sector, one year on
15 November 2021: Divestment works! Just ask Serco
21 October 2021: Tell COP26 sponsor NatWest to stop financing nukes
22 January 2021: Nuclear weapons are BANNED!
19 June 20: Support the campaign to divest the University of Glasgow from the arms industry, including major nuclear weapons producers
9 Feb 20: Trident enriches arms companies at the expense of taxpayers, NAO report shows
4 Feb 20: Let’s take our money out of nuclear weapons in 2020
Media releases
Climate emergency and nuclear weapons: twin existential threats
Introduction and executive summary
Nuclear weapons divert resources from the climate emergency
International climate finance instead of weapons of mass destruction
Disarmament, defence diversification and a Green New Deal
Environmental harm: uranium mining
Environmental harm: nuclear weapons deployment
Nuclear and climate injustices: the Marshall Islands
Nuclear and climate injustices: Kiribati
What would happen if a nuclear bomb was detonated in Glasgow?
Climate consequences of nuclear war
5.8 University of Strathclyde
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