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Unstable world means ESG can’t bar defence investments

  • Writer: John Clark
    John Clark
  • Nov 21
  • 1 min read
Simon Coveney and Marton Scott speaking at the Irish Funds conference in London with Fulcrum on ESG and defence technology investing
Martin Scott and Simon Coveney on ESG and defence technology investing with Fulcrum

This post references reporting by The Business Post; you can read the full article here.


At an Irish Funds conference in London, Fulcrum founding partner, Simon Coveney, argued that the shift to materially higher defence spending is now a durable reality and that investors should not shy away from the sector on ESG grounds. Speaking alongside fellow Fulcrum founding partner Martin Scott, he welcomed an emerging rethink of ESG rules that previously constrained private capital, emphasising that this is not about “kinetic warfare” but about technology-enabled security, resilience and deterrence to protect what Europe has built over the last 50 years. Coveney also addressed the ethical concern of “profiting from war”, saying his experience as foreign and defence minister, including what he has seen in Ukraine and in cyber aggression, convinced him Europe is exposed and must confront the harsher realities of geopolitics.




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