I dove into this a couple years ago trying to find some not-aggregious ETFs to invest in. There were very very very few mixed-industry ETFs that excluded both fossil fuels and weapons, which is a really low bar to clear.
There’s this ESG standard (Environment, Social, corporate Governance) that’s supposed to be an easy indicator for investors but it’s so useless it’s not even funny anymore.
It’s so bad that hardcore imperial publications like the Financial Times have railed against ESG with completely liberal arguments. Even plurality owner of the empire Blackrock has internal dissent at the highest level towards the construct.
I dove into this a couple years ago trying to find some not-aggregious ETFs to invest in. There were very very very few mixed-industry ETFs that excluded both fossil fuels and weapons, which is a really low bar to clear.
Also that’s what banks say but then their “green” ETFs still include weapons and fossil fuels.
There’s this ESG standard (Environment, Social, corporate Governance) that’s supposed to be an easy indicator for investors but it’s so useless it’s not even funny anymore.
It’s so bad that hardcore imperial publications like the Financial Times have railed against ESG with completely liberal arguments. Even plurality owner of the empire Blackrock has internal dissent at the highest level towards the construct.