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23 September, 2025

Responsible investing and the defence dilemma: $4 billion in focus

For decades, defence spending was the archetypal exclusion for responsible investors. Today, that line is no longer clear. Billions of dollars are flowing into defence-linked funds labelled as sustainable, exposing a paradox at the centre of modern responsible investing.

Escalating geopolitical conflict, shifting institutional sentiment, and the growth of private capital are reshaping the sector, raising urgent questions about what “responsible” defence investment means in practice.

To see how the defence paradox is influencing investment decisions and future value creation, visit our Holtara website to read the full article

Holtara is our sustainability and ESG services brand – powered by 150+ ESG, climate, sustainability, and impact specialists. 

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