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+--- Thread: Divest from those firms pushing ESG (/showthread.php?tid=24963)
Divest from those firms pushing ESG - grayfox - 09-23-2022
Part of the ESG movement is anti-2d Amendment, but the unknown thing is, some large financial companies are now pushing this ESG. One of them is Vanguard.
I found out about this by their own advertisement to us, so...
I divested our 401's etc from them.
Pull out your money from these anti-2A firms... there are suitable alternative companies, whether mutual fund ones or straight Corporation stocks/bonds..
O, and I would also recommend divesting from State bonds who oppose the 2D amendment. NY, Calif, are leading ones that come to mind.
Vote with your Wallets, fellas.
Divest from those firms pushing ESG - lazyengineer - 09-23-2022
I agree. Not for philisophical reasons, but for basic business reasons. Much of the ESG priority is counter to maximizing profits, but that's not the big one. The big one is company leadership focusing on ESG priority is rarely well focused on company core mission. I expect any company I invest in to not overtly engage in racist or illegal activity; and I have the law backing me, to assure that is not happing. Beyond that, I have little obligation or expectation for companies I invest in, to engage in distractions from the focus of the company. When investing, I pay careful attention to the company ESG priority messaging and related items in their annoucements, shareholder statements, website, etc. Company's that spend a lot of time talking about supporting the racist BLM organization, aren't for me - and indeed are squandering company resources in just bad investing - as we've seen with the embezzlement accusations in that group. I'm not saying I'm a huge investor of Warren Buffett here, but I will say, investing in companys that don't go beyond the basic appropriate statements of EEOC and ethical treatment of all employees, has worked well.
Again, I'm not doing it to teach anyone a lesson. I'm just doing so to maximize my returns in ethical and appropriate companies.