Sin stocks – a tangled web for ESG investors to unpick this earnings season

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Archived article Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.

We look at some of the biggest names in ‘sin stocks’ and provide an update for responsible investors.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

10 August 2023

This earnings season, responsible investors had their eyes firmly trained on the oil and gas sector. Big names BP and Shell reported their progress following a controversial about-face from their previous climate commitments. But, energy wasn’t the only place under the ESG investing microscope, AB Inbev’s attempt to promote inclusivity backfired and volumes suffered as a result. Meanwhile defence contractor BAE struck an optimistic tone about its potential to fit in to some responsible investing strategies.

Responsible investing is a catch-all term that describes a wide variety of strategies that allow you to invest in line with your values. Everyone falls somewhere on the responsible investment spectrum, and we offer tools and research to empower you to invest in a way you’re