Second Anniversary of the TPNW's Entry into Force at the United Nations

That the Parliament welcomes the second anniversary of the entry into force of the United Nations Treaty on the Prohibition of Nuclear Weapons (TPNW) on 22 January 2023; notes that the TPNW has gained 92 state signatories and 68 ratifications, and that there are signs of growing support in the parliaments of nuclear weapons states; understands, for example, that, as well as Scottish NGO activism in the Cross Party Group on Nuclear Disarmament, the majority of MSPs in the current Scottish Parliament session and in session five signed the International Campaign to Abolish Nuclear Weapons (ICAN) Parliamentary Pledge to remove nuclear weapons from Scotland upon independence and for Scotland to ratify the TPNW, and that there are over 70 MPs in the House of Commons signatory to this pledge of commitment to the TPNW; further understands that, seven months into the new French parliamentary assembly, there are now 35 legislators signatory to the pledge and that there are also 50 United States' legislators signatory to the pledge; recognises the 2022 report, Risky Returns: Nuclear Weapon producers and their financiers, which evaluates the impact of nuclear weapons’ illegality under international law on the long-term investment of nuclear weapons production, and whether this is becoming a less attractive investment option due to fiduciary concerns; acknowledges that this report analysed 24 companies heavily involved in nuclear weapons production, and reports that, in 2022, there was a fall of $45.9 billion in long-term investments in loans and underwriting; considers that, in the personal investment market, there is growing appetite for deriving personal income, like pensions, from ethical and sustainable portfolios, many of which exclude nuclear weapons production, and understands that ICAN has described this drop in long-term investments into nuclear weapons production as indicating a downward trend that is stemming from the entry into force of the TPNW, which made these weapons illegal under international law, like other unhumanitarian weapons, such as cluster munitions, and other weapons of mass destruction, like chemical and biological weapons.