Defence Spending Counts as Ethical Investment, Says UK Defence Secretary

A joint statement from the defence secretary and The Treasury tackles the defence sector’s exclusion from environmental, social, and governance ratings.
Defence Spending Counts as Ethical Investment, Says UK Defence Secretary
Defence Secretary Grant Shapps leaves Downing Street, London, after a Cabinet meeting on Sept. 5, 2023 James Manning/PA Wire
Joseph Robertson
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UK Defence Secretary Grant Shapps has asserted that funding defence companies should be considered an ethical investment because military spending “helps prevent war.” 
In a written ministerial statement released yesterday, jointly issued with HM Treasury, Mr. Shapps emphasised the critical role of the UK’s defence sector in safeguarding the nation’s sovereignty, security, and prosperity. 
Joseph Robertson
Joseph Robertson
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Joseph Robertson is a UK-based journalist covering a wide range of national stories, with a particular interest in coverage of political affairs, net zero and free speech issues.
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