Britain and asset managers say investments in defence are ‘sustainable’

Investing in defence companies is compatible with long-term sustainable considerations, a joint statement from Britain’s finance ministry and UK asset management industry body said on Tuesday.

The government said last year that defence companies were being excluded from access to debt and equity capital, citing Environmental, Social and Governance (ESG) grounds.

The statement from the ministry and Investment Association on Tuesday said that investing in defence companies contributes to Britain’s national security...