Pri Podcasts

As geopolitical tensions rise, responsible investors are asking tough questions: Is there a case for responsible investment in defence? In this episode, Nathan Fabian, Chief Sustainable Systems Officer at PRI, is joined by Mark Wade (Allianz Global Investors), Estelle Parker (Responsible Investment Association Australasia), and Torben Möger Pedersen (Danish Foreign Policy Society; former CEO, PensionDanmark) to explore whether defence can be considered part of responsible investment, and if so, under what conditions. Overview The discussion examines the complexities of defence in the environmental, social and governance context. With NATO members increasing their budgetary commitments and European states boosting spending, defence is becoming a more prevalent part of the investment landscape. Yet reputational, human rights, and environmental risks remain at the forefront of investor concerns. The panel unpacks exclusion versus inclusion approaches, the rise of dual-use technologies, transparency challeng