Banks, investors and pension funds should treat weapons manufacturers as “ethical” investments so that more money is allocated to the industry for arming Ukraine and the UK, according to more than 100 Labour MPs and peers. Ninety-six MPs and six peers have signed an open letter urging financial businesses to “sweep away ill-considered anti-defence rules” which act as barriers to investing in the industry. This is another sign of the backlash against environmental, social and governance (ESG) policies.

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