3 ms·

$PTL "screens" for: * air quality * environmental risk * GHG emissions * ecological impact * product sustainability https://www.inspireetf.com/screening h

by myroon5 4mo ago

$PTL "screens" for: * air quality * environmental risk * GHG emissions * ecological impact * product sustainability https://www.inspireetf.com/screening https://www.inspireetf.com/screening yet weights ExxonMobil, the 21st largest company: https://companiesmarketcap.com/ https://companiesmarketcap.com/ as by far their 2nd largest holding: https://www.inspireetf.com/etf/ptl https://www.inspireetf.com/etf/ptl

TimTheTinker 4mo ago
Oil/Gas/Petroleum is essential for our economy to function, and the line between "ethical" and "not ethical" is a dial (one among many that all need to be tuned together), not a switch. $PTL/Inspire does not adjudicate "dial" ethical issues, just switches -- company practices/policies that it views as black-and-white good/bad. "It would be ethical if you produced N% less" doesn't fit that category.
- myroon5 4mo ago
  Guess who organized decades-long misinformation campaigns to make them as essential as they currently are: https://wikipedia.org/wiki/ExxonMobil_climate_change_denial https://wikipedia.org/wiki/ExxonMobil_climate_change_denial Regardless, most companies I checked have multiple different ratings because that site can't even do basic data cleaning: https://inspireinsight.com/AAPL/US https://inspireinsight.com/AAPL/US https://inspireinsight.com/AAPL/PT https://inspireinsight.com/AAPL/PT https://inspireinsight.com/GOOGL/GT https://inspireinsight.com/GOOGL/GT https://inspireinsight.com/GOOGL/MX https://inspireinsight.com/GOOGL/MX https://inspireinsight.com/MSFT/AU https://inspireinsight.com/MSFT/AU https://inspireinsight.com/MSFT/US https://inspireinsight.com/MSFT/US https://inspireinsight.com/AVGO/US https://inspireinsight.com/AVGO/US https://inspireinsight.com/0YXG/GB https://inspireinsight.com/0YXG/GB https://inspireinsight.com/TSM/US https://inspireinsight.com/TSM/US https://inspireinsight.com/5425/TW https://inspireinsight.com/5425/TW https://inspireinsight.com/LUBEREF/SA https://inspireinsight.com/LUBEREF/SA https://inspireinsight.com/2223/SA https://inspireinsight.com/2223/SA so even they disagree with their own ratings ;)
  - TimTheTinker 4mo ago
    They update ratings every year I think... there's a spreadsheet with before/after values for each company that you can download.
    - myroon5 4mo ago
      Most of the examples I provided are due to differing country codes; their site fails to recognize things like Alphabet trading on a Mexican stock exchange is still the same company: https://finance.yahoo.com/quote/GOOGL.MX/ https://finance.yahoo.com/quote/GOOGL.MX/ $GOOGL.MX scoring differently than other $GOOGL listings makes me extremely skeptical that humans are diligently creating these scores (finance professionals should've recognized that secondary listings like $GOOGL.MX don't need their own scoring)
      - TimTheTinker 4mo ago
        Scores on different exchanges may be due to varying behavior by international subsidiaries -- MSFT in Australia may be doing something objectionable that MSFT US does not do, for example. I'm not sure though. What I think is more likely is that it's a dumb oversight in the web app and/or data - maybe an intern stubbed out international stocks and it got pushed to production
        myroon5 4mo ago
        > international subsidiaries Secondary listings allow entire companies to trade on multiple exchanges (not just corresponding subsidiaries) So I agree that it was likely just a mistake to list multiple listings of the same companies, but the fact that they usually receive different scores proves their process isn't diligent: * $GOOGL.MX is dinged for multiple non-Mexico-specific violations that the other listing isn't
        TimTheTinker 4mo ago
        I think there's 2 sides of the company: - (1) Insight scores - (2) ETF management I think the pipeline between (1) and (2) is probably tight within the company (probably a few big Excel spreadsheets) and the (2) side has a lot of brains. But the (1) side needs to do more work on the pipeline between those spreadsheets and the Web, and maybe hire more/better software dev help for that. They'd do better to use Postgres as their source of truth.

by myroon5 4mo ago

TimTheTinker 4mo ago

Oil/Gas/Petroleum is essential for our economy to function, and the line between "ethical" and "not ethical" is a dial (one among many that all need to be tuned together), not a switch. $PTL/Inspire does not adjudicate "dial" ethical issues, just switches -- company practices/policies that it views as black-and-white good/bad. "It would be ethical if you produced N% less" doesn't fit that category.

myroon5 4mo ago
Guess who organized decades-long misinformation campaigns to make them as essential as they currently are: https://wikipedia.org/wiki/ExxonMobil_climate_change_denial https://wikipedia.org/wiki/ExxonMobil_climate_change_denial Regardless, most companies I checked have multiple different ratings because that site can't even do basic data cleaning: https://inspireinsight.com/AAPL/US https://inspireinsight.com/AAPL/US https://inspireinsight.com/AAPL/PT https://inspireinsight.com/AAPL/PT https://inspireinsight.com/GOOGL/GT https://inspireinsight.com/GOOGL/GT https://inspireinsight.com/GOOGL/MX https://inspireinsight.com/GOOGL/MX https://inspireinsight.com/MSFT/AU https://inspireinsight.com/MSFT/AU https://inspireinsight.com/MSFT/US https://inspireinsight.com/MSFT/US https://inspireinsight.com/AVGO/US https://inspireinsight.com/AVGO/US https://inspireinsight.com/0YXG/GB https://inspireinsight.com/0YXG/GB https://inspireinsight.com/TSM/US https://inspireinsight.com/TSM/US https://inspireinsight.com/5425/TW https://inspireinsight.com/5425/TW https://inspireinsight.com/LUBEREF/SA https://inspireinsight.com/LUBEREF/SA https://inspireinsight.com/2223/SA https://inspireinsight.com/2223/SA so even they disagree with their own ratings ;)
- TimTheTinker 4mo ago
  They update ratings every year I think... there's a spreadsheet with before/after values for each company that you can download.
  - myroon5 4mo ago
    Most of the examples I provided are due to differing country codes; their site fails to recognize things like Alphabet trading on a Mexican stock exchange is still the same company: https://finance.yahoo.com/quote/GOOGL.MX/ https://finance.yahoo.com/quote/GOOGL.MX/ $GOOGL.MX scoring differently than other $GOOGL listings makes me extremely skeptical that humans are diligently creating these scores (finance professionals should've recognized that secondary listings like $GOOGL.MX don't need their own scoring)
    - TimTheTinker 4mo ago
      Scores on different exchanges may be due to varying behavior by international subsidiaries -- MSFT in Australia may be doing something objectionable that MSFT US does not do, for example. I'm not sure though. What I think is more likely is that it's a dumb oversight in the web app and/or data - maybe an intern stubbed out international stocks and it got pushed to production
      - myroon5 4mo ago
        > international subsidiaries Secondary listings allow entire companies to trade on multiple exchanges (not just corresponding subsidiaries) So I agree that it was likely just a mistake to list multiple listings of the same companies, but the fact that they usually receive different scores proves their process isn't diligent: * $GOOGL.MX is dinged for multiple non-Mexico-specific violations that the other listing isn't
        TimTheTinker 4mo ago
        I think there's 2 sides of the company: - (1) Insight scores - (2) ETF management I think the pipeline between (1) and (2) is probably tight within the company (probably a few big Excel spreadsheets) and the (2) side has a lot of brains. But the (1) side needs to do more work on the pipeline between those spreadsheets and the Web, and maybe hire more/better software dev help for that. They'd do better to use Postgres as their source of truth.