Sad, but true: banks and their bomb deals.
The global weapons business is booming. Numerous countries around the globe are upgrading. Between 2011 and 2015, the global arms trade increased by 14 percent compared to the five years before.
Slap bang in the middle of it: large banks who help finance the upturn in the weapons industry. This is, at least, the conclusion reached by Facing Finance and Urgewald. Click here for the study and here to see if your bank is on the list.
That’s why we have set out for Tomorrow a consistent set of criteria that strictly prohibit any and all investment in socially and ecologically questionable industries. Read more here