Emma Reynolds

We have been clear that there is no contradiction between ESG considerations and investment in defence, and that investing in our defence industry is a way to protect our democracy and borders, and to work in solidarity with our European neighbours. I will write to the hon. Gentleman about the specifics, but I know that various accusations have been levelled at some of the companies he mentions and others. We need to be very careful about that. I heard what the hon. Member for Strangford said about our own pension funds. There is huge potential in our pensions industry. We should ensure that that industry is in a position to leverage the great returns that can come from defence companies, but there is a lot of muddying the waters around certain firms and what they are doing. I do not want to name particular companies, but I am happy to discuss it with the hon. Gentleman in detail after the debate. Aspersions have been cast against certain companies managing pension funds that are not absolutely accurate when it comes to ESG. A lot of things are piled under the ESG banner. We are very keen that opaque ESG ratings should not impede the attractiveness of the defence sector. I am running out of time. I believe that the Member who moved the motion replies?