The European Parliament has de facto approved a change to EU legislation that will allow investment in "controversial weapons" to be included in the bloc's sustainability framework – a move that mean companies producing incendiary weapons, depleted-uranium ammunition, and even nuclear weapons could now be eligible for the Environmental, Social, and Governance (ESG) label.
Earlier this year, the European Commission proposed to reduce the number of companies in the weapons industry that are excluded from the EU’s sustainability benchmarks in order to avoid confusion and uncertainty for the companies' investors.
