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POLSIF 2026 Report: Can defense financing be sustainable?

Published
September 15, 2026
POLSIF 2026 Report: Can defense financing be sustainable?

In the face of dynamic geopolitical shifts and rising security spending, the European financial sector faces a critical challenge: how to reconcile the expansion of defense capabilities with sustainable development goals.

The latest POLSIF 2026 report titled "Can defense financing be sustainable? Outlining key challenges and examples of best practices" provides a comprehensive analysis of this topic from the perspectives of law, business, socio-environmental impact, financial risk, and due diligence. The study addresses how financial institutions and companies can responsibly support the defense sector without compromising fundamental values such as human rights, transparency, and ESG standards.

The publication will be officially released on September 18.

POLSIF Working Group Report

Editors:

  1. Piotr Kowalik
  2. Marta Noran

Contributors:

  1. Anna Frankowska
  2. Agnieszka Hansdorfer
  3. Piotr Kowalik
  4. Agnieszka Mikulska-Jolles
  5. Agnieszka Mrozowska
  6. Marta Noran
  7. Michalina Romanowska
  8. Marta Rozwadowska
  9. Aleksandra Sapiejewska
  10. Augustyn Wróbel

Reviewers:

  1. Monika Czokajło
  2. Magdalena Gąsiorek
  3. Anna Iwanek
  4. Katarzyna Jędrzejewska
  5. Mateusz Klimek
  6. Anna Kruk-Grabarek
  7. Dorota Miller
  8. Agnieszka Mrozowska
  9. Anna Nikodemska-Minota
  10. Dariusz Poteralski
  11. Bartosz Silczak
  12. Bartosz Szczepanik
  13. Patryk Szychta
  14. Monika Więcek

Graphic design and layout:

  1. Ewa Noji (POLSIF)

‍

Pobierz Raport PDF

LEGAL CENTER
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INVESTMENT AND FINANCE

STANDARDS CENTER
SUSTAINABLE
INVESTMENT AND FINANCE
Research Center
SUSTAINABLE
INVESTMENT AND FINANCE
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SUSTAINABLE
INVESTMENT AND FINANCE
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See also

News

POLSIF wins the “EFPA Market Stars 2026” award

POLSIF has been named winner of the “EFPA Market Stars 2026” (Gwiazdy Rynkowe EFPA) award in the Best ESG Initiative category. The winners were chosen by a vote of EFPA Certified Financial Advisors, professionals who work with clients every day.
Read more
: POLSIF wins the “EFPA Market Stars 2026” award
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: How to assess whether solar PV and wind investments are aligned with the EU Taxonomy? A practical guide by POLSIF
Podcast

Defense financing and sustainable development: can they be reconciled? | POLSIF Talks #46

In this episode of POLSIF Talks, Marta Noran (Member of the POLSIF Management Board) and Piotr Kowalik (POLSIF member) discuss the new report by the POLSIF Working Group on financing the defense sector in line with the principles of sustainable development.
Read more
: Defense financing and sustainable development: can they be reconciled? | POLSIF Talks #46
See more
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