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The European Investment Bank's top-notch ESG score would need to be re-evaluated if it bows to pressure and starts explicitly funding weapons and ammunition, one of the world's leading ESG rating firms, Morningstar Sustainalytics, said. The European Commission and more than a dozen EU governments have been increasing pressure on the bloc's lending arm in recent weeks to end its near-total ban on weapons funding to help strengthen Europe's defence industry. New EIB President Nadia Calvino used one of her first public statements last month to say it was engaging with key stakeholders on what could been done under a "dual-use" policy with which it already invests in drones and targeting systems.

City ofUnited kingdomAmelia pedenMarc jonesNadia calvinoMorningstar sustainalyticsWorld bankEuropean investment bankEuropean commissionSustainalytic leadCostas pitasEuropean commissionAmelia peden