In the Social Economist Season 3, Episode 5, host Toby Gazeley from Euclid Network is joined by Andrea Baranes from Banca Etica to discuss the long-standing position of ethical finance on defence investments and the implications of including defence in sustainable finance frameworks.
Sustainable Finance in Europe
Andrea and Toby examine the concerning trend of diluting sustainable finance definitions to include sectors like defence, fossil fuels, and nuclear energy.
The conversation also explores the risks posed by the EU’s shift toward competitiveness over sustainability and the importance of “banking biodiversity”.
Defence and the Social Economy
Season 3 of the Social Economist delves into one of the most present and challenging topics of the day for the social economy: defence.
In this episode Andrea and Toby how this changing policy landscape affects ethical finance and the social economy.
Recommendations from the Hosts
- Andrea Baranes recommends a website and information resource rather than a podcast: Valori.it – a platform providing critical information on ethical finance, sustainable finance, and the social economy, primarily in Italian with some content in Spanish and English.
Get Involved
Listeners are invited to share their thoughts, questions, or feedback with Toby at toby@euclidnetwork.eu
A special thanks to our producer Jan Kiszowara and the European Commission for making The Social Economist possible.



