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