For the most part ESG investors eschew defense stocks. They view defense contractors as producing weapons that kill people and are destructive to the environment. That is true, but ESG investors ignore the very impotant fact that defense contractors produce the tools that are so necessary to defend freedom and democracy. Were it not for anti-tank Javelins, anti-aircraft missiles, drones and basic military hardware, where would be the defense of Ukraine be today?
In my mind ESG investors ignore the fact that their freedom to invest where they see fit rests on the power and might of the U.S. military. Thus ESG investors should get out of their smug cocooons and recognize the world as it is and thereby open up their minds to defense stocks.
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