Building a Strategic ESG Portfolio: The 25 Most Eligible Defence and Dual-Use Firms

European regulators and exchanges are explicitly adapting ESG rules to accommodate defence and dual‐use industries. In May 2025 Euronext redefined its ESG acronym to “Energy, Security & Geostrategy”, signaling support for defence firms. Crucially, Euronext has instructed ESG index providers to limit “controversial weapons” exclusions to only those arms …