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Don't Bank on the Bomb Scotland

Working for disarmament through divestment

  • 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

3A. How can we divest the Scottish Local Government Pension Scheme from nuclear weapons?

3A.1 Divestment versus “engagement”

3A.2 What about fiduciary duty?

3A.3 Councils can pass a resolution supporting divestment

3A.4 ACTION: What you can do

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