Europe’s first Article 8 defence ETF promises green investments – for warfare

Hector McNeil, co-founder and co-CEO, at HANetf. Credit: Press photo/Impact Loop
21 okt. 2025
21:29
A British firm is about to launch Europe’s first defence-focused ETF that can call itself “sustainable.”

It’s designed to attract defence investors chasing ESG credentials – but it also begs the question: just how green can a fund full of weapons makers really be?

British firm HANetf, which manages exchange-traded funds (ETFs), is set to become Europe’s first to have a defence-focused ETF classified as ‘sustainable’ under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR).

In plain English, that means the ETF can now be marketed as “sustainability-friendly” under EU rules – even though it invests in defence companies. The amendment is set to come into effect next week, a spokesperson for the company told Impact Loop.

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