I’m hoping to find an ethically minded ETF (ESG) that isn’t run by a publicly held or just plain evil company. I don’t see the point in using Vanguard, BlackRock, DWS, etc when I want to be socially responsible. Is there a non profit investment firm? The salaries could be sky high but the company would have a stated goal of social responsibility.

  • givesomefucks@lemmy.worldEnglish
    22·
    3 months ago

    nonprofit

    Why?

    “Nonprofit” doesn’t mean no one makes money, the corporation doesn’t make money, usually by paying everything that would have been a profit as a bonus to the CEO.

    Some no profits are great, some are money laundering, some are run by a “hands on CEO” who will do/say anything to get more donations and cut more costs from the budget. Because they’re going to give themselves all the extra. Or even more shady, say it’s the nonprofit spending the money to cheat on taxes. Company car, company jet, hosting “conferences” anywhere you want to travel.

    Don’t just let your eyes glaze over when you see “no profit”.

    • mossberg590@lemmy.worldOPEnglish
      1·
      3 months ago

      Like I said, the salaries could be sky high, I don’t care. It is still a capitalistic system, so greed is the motivator. A for profit company will have conflicts of interest. They have a ETF for big oil and a ESG? Maybe they would funnel money away from green tech to carbon capture, etc. A non profit helps reduce that corruption just a little.