Largest Dutch pension fund to divest from nuclear weapons
The largest Dutch pension fund, the civil servants fund ABP, has decided to end its investments in producers of nuclear weapons. ABP has “finally made the right decision”, says PAX program leader nuclear disarmament Susi Snyder. “After years of campaigning by PAX against the ABP’s unacceptable investments in nuclear weapon producers, the pension fund has now realized these are not acceptable investments.” This is great news for all teachers, public servants, police officers and politicians in the Netherlands, whose pension money will no longer be invested in weapons of mass destruction”, said Snyder.
The ABP was under increasing pressure since last summer, when the international treaty banning nuclear weapons was adopted in the United Nations. This global ban on nuclear weapons was decisive in ABP’s decision. The decision by the ABP shows that the nuclear ban treaty is already having very real effect, including in NATO-countries like the Netherlands.“ The decision by the ABP shows that the nuclear ban treaty is already having very real effect, including in NATO-countries like the Netherlands.