Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway

Russia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are being viewed by mission-driven fund managers, according to two European defense giants.

CEO of Swedish defence and security company Saab, Micael Johansson, speaks during the presentation of Saab's interim report on February 9, 2024 in Stockholm.in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants.Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial.beyond 175,000 shareholders.

As a result, Johannesen said that fund managers have typically been reluctant to include some defense stocks in their portfolios in order to avoid being questioned by their clients. "So, we stand for something really important — and I don't have any problem with our reputation. I don't know about others," he added.attacks on a range of ethically responsible business practices as "an attempt to manufacture a culture war and protect corporate special interests," according to the Democrats' Committee on Oversight and Accountability.the outcome of the U.S.

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