Comment on Is it worth investing if I can only contribute $50 a month?
Tehdastehdas@lemmy.world 4 weeks agoSeveral 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.
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.
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?
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.
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