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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[–] 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