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I think it's interesting that an environmentally focused fund would exclude tobacco and guns, since neither have anything to do with the environment. That seem
by tristor 7y ago
I think it's interesting that an environmentally focused fund would exclude tobacco and guns, since neither have anything to do with the environment. That seems more like a partisan political statement/motivation than a focus on environment.
I'd go a step further and point out that this fund holds Nestle and Exxon... So it's not really even worried about environmental concerns, it's purely a political statement.
- ac29 7y agoThe S in ESG actually stands for social, not sustainable. Tobacco and guns are arguably detrimental to society.
- tristor 7y agoAh, well that helps explain their motivations. It is a bit odd though that they are still holding major companies that have significant negative environmental and social impacts though. At some level, it's just virtue signalling with no meat. Either you care enough to divest your holdings in significant polluters, or you don't.