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The S in ESG actually stands for social, not sustainable. Tobacco and guns are arguably detrimental to society.
by ac29 7y ago
The 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.