Source: Sgt. Collin Mackall, U.S. Department of Defense.
Since analysts started using the term “impact investing” in the early 2000s, insurers have taken it up and invested heavily in ways to promote social good in response to growing public demand for ethical business practices.
The ethos behind impact investing is often seen by critics as a narrow mission set and not an apt way to combat the world’s evils. In the past, it would have been highly unethical to invest in defence companies; however, now, there are signs that this will change with the return of conventional war in Europe.
This change in what can be included in the idea of impact investment is due to the increased appetite for higher defence spending. Some in the industry have explicitly raised the idea of including defence spending in the ESG and impact portfolios.
It begs the question: what could this change mean for the investment interests of insurers?
Please Login or Register for a free account to view this content. Benefits of registering include:
