Comment on Is it worth investing if I can only contribute $50 a month?

• Tehdastehdas@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  Several funds in my bank have ESG in the name. en.wikipedia.org/…/Environmental,_social,_and_gov…

  Other terms in their fund names: fossil-free, climate, forest, sustainable agriculture.

  Their claims about them:
  (in Finnish) www.s-pankki.fi/…/vastuullisuus-sijoittamisessa/ (in Swedish) www.s-pankki.fi/sv/…/ansvarsfulla-investeringar/ For machine translation, probably better use Swedish as the source because it shares the Indo-European language family with many of you readers’ target languages, and has more speakers so maybe better translation engine training too.

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  • 13esq@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    I wasn’t trying to say that ethical funds don’t exist, I’m well aware of them. I was saying that when money is on the line, loyalty and ethics often end up second place.

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    • agent_nycto@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

      I’m in the sidelines and I didn’t know they existed and wanted to know more so I’m glad they posted it anyway

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  • utopiah@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    ESG in the name

    Place to start but once you dig into it, it’s not great either. A lot of the evaluations basically boil down to negative externalities, namely making sure that somehow whatever is problematic is NOT accounted for. That’s how plenty of ESGs end up with … other banks as stocks. They “abstracted themselves away” from problems whereas in reality they are funding the problems.

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  • agent_nycto@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    These are pretty cool and I didn’t know about them! I’m pretty me to investing, do you just look up ESGs or something?

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