The asset management industry’s divestment from the defence sector over ESG factors is putting the UK’s security at risk, two ministers have warned.
Writing in the Mail on Sunday, city minister Andrew Griffith and defence minister James Cartlidge said it is "perverse" that as war rages in Europe, "there is a parallel universe where the defence sector is being shunned". OBR warns of 'significant' risks to public finances They said the "troubling misunderstanding" within investor preferences over ESG criteria risks "starving" the industry of capital at competitive valuations. They explained the British defence sector has already embraced ESG considerations but companies within the space have been "swept up in ESG investment group...
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