Swedish insurer, Länsförsäkringar, is to allow investments in companies that contribute to Sweden’s allies’ nuclear weapons programs.
The update in its position and associated criteria for investments in the defence industry is aimed at contributing to the strengthening of Europe’s and NATO’s defence capabilities.
Based on the UN Charter regarding the right of every country to defend itself in the event of armed attack, Länsförsäkringar has previously allowed investments in companies that manufacture conventional weapons and defence equipment.
“We want to contribute to strengthening civil and military defence, safeguarding democracy and protecting our way of life,” Länsförsäkringar chief sustainability officer, Kristofer Dreiman, said.
