• PeepinGoodArgs@reddthat.com
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    3 months ago

    That’s unsurprising if you understand what ESG stocks are. They’re not about being environmentally friendly:

    According to Bloomberg, “[ESG] ratings don’t measure a company’s impact on the Earth and society. In fact, they gauge the opposite: the potential impact of the world on the company and its shareholders.”

    • silence7OPM
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      3 months ago

      There are some ESG funds which do not invest in fossil fuels. You need to actually look for that in their prospectus though.