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Ethical Investors press Serco to drop bid for contract with the Atomic Weapons Establishment

Best known for its involvement with NHS test and trace during the
coronavirus pandemic Serco is believed to have had plans to compete for
contracts with the Atomic Weapons Establishment, which makes and maintains
warheads. Serco abandoned its bid after investors warned that if the
FTSE250 company began working on nuclear weapons they may have to dump
shares to meet Environmental, Social and Governance (ESG) standards, the
Telegraph first reported. A spokesperson for Serco declined to comment on
the news.

 City AM 7th Nov 2021

https://www.cityam.com/serco-pulls-out-of-race-to-manage-uk-nuclear-weapons/

November 9, 2021 - Posted by | business and costs, UK, weapons and war

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