Defence firms held back by UK ethical banking standards, industry says

Defence firms held back by UK ethical banking standards, industry says

Banks are facing pressure on many fronts to bolster lending to defence companies on the frontline of UK security amid accusations that lenders are hiding behind ESG rules.

Defence firms held back by UK ethical banking standards, industry says | Money News | Tech, Entertainment, Sport, Fashion, Travel News

British banks should abandon outdated ethical standards and increase lending to domestic defence manufacturers in a “patriotic” effort to ensure the UK can meet its security needs, defence suppliers have told Sky News. The defence industry has long complained that environment, sustainability and governance (ESG) standards, intended to guide business impact on society, have prevented small and medium-sized companies (SMEs) raising finance. With t…

Defence firms held back by UK ethical banking standards, industry says – khbrknews

British banks should abandon outdated ethical standards and increase lending to domestic defence manufacturers in a “patriotic” effort to ensure the UK can meet its security needs, defence suppliers have told Sky News. The defence industry has long complained that environment, sustainability and governance (ESG) standards, intended to guide business impact on society, have prevented small and medium-sized companies (SMEs) raising finance. With t…