Treat weapons investments as ‘ethical’ to help arm Ukraine and UK, MPs urge

More than 100 Labour MPs and peers sign open letter saying ESG policies are holding back defence spendingBusiness live – latest updatesBanks, investors and pension funds should treat weapons manufacturers as “ethical” investments so that more money goes to the industry to arm Ukraine and the UK, according to a group of more than 100 Labour MPs and peers.Ninety-six MPs and six peers have signed an open letter calling for financial businesses to “sweep away ill-considered anti-defence rules which are acting as a barrier to doing what is right”, in another sign of the backlash against environmental, social and governance (ESG) policies. Continue reading…



Source link : https://www.theguardian.com/business/2025/mar/06/investment-weapons-manufacturers-arms-esg-defence-spending-ukraine-uk

Author : Jasper Jolly

Publish date : 2025-03-06 13:07:00

Copyright for syndicated content belongs to the linked Source.