In this episode, we talk to Daan Spaangaren, senior investment strategist at PME (the pension fund for the metal high-tech sector), and discuss the ethical and economic considerations involved in investing in weapons. Since the founding of Triodos Bank, we have maintained a clear stance on investing in weapons: We simply do not invest in weapons, and we believe the entire private sector should refrain from doing so. However, in recent years, conflict has intensified in various parts of the world. PME therefore takes a different view on investing in weapons. The question remains at hand: Should private financial institutions invest in weapons?