Bank opens up for investments in nuclear weapons companies

The security situation in Europe is causing Danske Bank to adjust its rules. After over ten years, it will once again be permitted to invest in companies operating within the nuclear weapons industry, reports Ritzau with reference to the Danish business newspaper Børsen.

According to Erik Eliasson, who is head of sustainable investments at Danske Bank, the decision is a consequence of the geopolitical development.

The recent years' geopolitical changes, including the increased threat from Russia, have contributed to us adapting our approach to the defence industry in relation to the society we are a part of, he says to Børsen.

The change applies to companies with deliveries to countries that have signed the non-proliferation treaty for nuclear weapons.