this post was submitted on 22 Oct 2025
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Socially responsible investing (lemmy.world)
submitted 11 months ago by mossberg590@lemmy.world to c/investing@lemmy.world
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I'm hoping to find an ethically minded ETF (ESG) that isn't run by a publicly held or just plain evil company. I don't see the point in using Vanguard, BlackRock, DWS, etc when I want to be socially responsible. Is there a non profit investment firm? The salaries could be sky high but the company would have a stated goal of social responsibility.

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[–] q181c@sopuli.xyz 7 points 11 months ago (1 children)

I doubt you'll find an investment company that's truly nonprofit. For responsible investing, I'd look at the process and the expense ratio and not worry so much about the parent company unless you believe it'll impact their objectivity.

Check out the Calvert family of funds. Their parent company is Morgan Stanley but they have a really solid process for screening material ESG risks. Calvert itself has been doing socially responsible investing for 40 years so they don't treat it as a fad.

[–] givesomefucks@lemmy.world 0 points 11 months ago (1 children)

nonprofit

Why?

"Nonprofit" doesn't mean no one makes money, the corporation doesn't make money, usually by paying everything that would have been a profit as a bonus to the CEO.

Some no profits are great, some are money laundering, some are run by a "hands on CEO" who will do/say anything to get more donations and cut more costs from the budget. Because they're going to give themselves all the extra. Or even more shady, say it's the nonprofit spending the money to cheat on taxes. Company car, company jet, hosting "conferences" anywhere you want to travel.

Don't just let your eyes glaze over when you see "no profit".

[–] mossberg590@lemmy.world 0 points 11 months ago (1 children)

Like I said, the salaries could be sky high, I don't care. It is still a capitalistic system, so greed is the motivator. A for profit company will have conflicts of interest. They have a ETF for big oil and a ESG? Maybe they would funnel money away from green tech to carbon capture, etc. A non profit helps reduce that corruption just a little.

[–] givesomefucks@lemmy.world 0 points 11 months ago

A non profit helps reduce that corruption just a little.

It doesn't tho...

This was a non-profit:

https://en.wikipedia.org/wiki/Donald_J._Trump_Foundation

And it had to be shut down due to corruption, for many of the reasons I gave you yesterday