Navigating the Ethics of Investing in Defence

Warfare is rapidly evolving, with drones, AI, cyber capabilities and space-based systems reshaping defence strategies. The sector is now deeply linked with technology, software, data and advanced manufacturing, blurring the line between civilian and military
applications. At the same time, global defence spending is rising due to geopolitical tensions and shifting security priorities. While defence companies can offer exposure to long-term government spending, technological innovation and supply chain re-shoring, they also raise important ethical considerations for investors.