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COVID-19, like many climate-related catastrophes that have already occurred, should make it apparent that the unimaginable can happen if we don’t work to prevent it. Let us take these as a warning that we must be proactive in heading off another underappreciated risk of global proportions – that of conflict involving nuclear weapons. And, just as with COVID-19 and climate change, we clearly cannot count on government alone to take the necessary preventative steps.
Sustainable investors have an important role to play and should begin factoring assorted nuclear weapons risks into their work. Their role needs to extend beyond the current state of affairs, which is largely limited to sustainable investors just making a decision whether to divest manufacturers of nuclear weapons and/or “controversial weapons”.
It is not jus…