As war in Ukraine continues to rage and the death toll keeps on rising, some players within the investment industry have been speculating on whether weapons can be justified through an environmental, social and governance (ESG) lens.
Two weeks into Putin's invasion of Ukraine - which gave up its arsenal of Soviet-made nuclear weapons in 1994 under the condition that Russia, the US and UK would essentially leave it alone - and the newsflow has been relentless. Amid the sanctions, falling bombs and threats of nuclear war, inboxes have been flooded with predictions of the economic fallout and how financial markets will be affected - but it is all guesswork. As Royal London CEO Barry O'Dwyer told Investment Week, "the secondary consequences" of war in Ukraine "are yet to be known". At the time of writing (10 March)...
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