Debate: In Defense of Defense Companies in ESG Portfolios
European defense companies have outperformed in equity markets throughout 2024 and 2025. However, many ESG mandates continue to exclude them from consideration. How do institutional asset owners and portfolio managers navigate their Defense sector allocation and issuer selection in the context of ESG requirements and considerations?
Speakers
Arnold Gast
Senior Director ESG Research
Morningstar Sustainalytics
Loredana Muharremi
Equity Research
Morningstar
Aliki Rouffiac
Portfolio Manager, Sustainable Multi Asset Solutions