Svenska Handelsbanken not invested in General Dynamics

Rectification concerning Svenska Handelsbanken in PAX Don’t bank on the Bomb report

We are very glad to learn from Svenska Handelsbanken that they are part of the growing group of financial institutions not investing in nuclear weapon producing companies.

Swedish banking group Svenska Handelsbanken has notified PAX that the Don’t Bank on the Bomb report released Thursday November 12 contains an error. According to Svenska Handelsbanken, mentioning the participation in a group loan to General Dynamics (mentioned in the report on page 52 and in the on-line annexes on page 182) is not correct. This means that the Don’t Bank on the Bomb report has wrongly listed Svenska Handelsbanken as financing nuclear weapon producing companies. PAX offers Svenska Handelsbanken sincere apologies. Furthermore we look forward to discussions with the banking group about classification as part of our Runners-Up or even Hall of Fame in our next report.

The corrected report and annexes are available on this website.

written by

Wilbert is a political scientist working for the PAX Security and Disarmament team since 2010 as researcher and campaigner. He primarily focusses on and frequently publishes and speaks about nuclear disarmament, European security, toxic remnants of war, international military infrasctructure and nuclear weapon free zones.

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