nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Serco pulls out of bidding for work on UK’s nuclear arsenal, because of ethical investing concerns

The rise of ethical investing has forced the outsourcer Serco to
pull out of bidding to help manage Britain’s nuclear weapons arsenal,
leaving the Ministry of Defence reliant on fewer potential partners for the
critical work. The FTSE 250 company has abandoned plans to compete for
contracts with the Atomic Weapons Establishment, which designs, makes and
maintains warheads, City sources revealed. The decision follows warnings
from fund managers that working with nuclear weapons might force them to
dump Serco shares due to non-compliance with Environmental, Social and
Governance (ESG) standards.

 Telegraph 6th Nov 2021

https://www.telegraph.co.uk/business/2021/11/06/ethical-investors-block-bid-nuclear-weapons-contracts/c

November 8, 2021 - Posted by | business and costs, UK, weapons and war

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: