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Is there a way to strengthen your portfolio without being a “part of the problem”? Actually, there is!
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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Directors: Katie Graham & Andrew Matthews
Written by: Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Executive Producer: Amanda Fox
Produced by: Katie Graham
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While this is interesting information, I don’t think this is genuinely a way to assess a certain stocks ethical value or impact. The S&P 500 contains the top performing companies, many of which have ties to numerous unethical practices, and yet every website I go to that analyzes the ESG score of the S&P marks it as a high score in E, S, and G categories. There really is no ethical consumption in this system. An index that profits off of corps like Amazon, McDonalds, Disney, Raytheon, etc. – this is not going to have a positive impact on the world when there are so many clear ties to war profiteers, privatized healthcare, big pharma, and green washed corps that make empty promises of meeting ambitious environmental goals. The system was designed to profit off of a manipulated workforce and an imperialistic agenda, whether it is physical war or cultural conditioning. I’m encouraged to learn about the history of protest divestments with South Africa as a clear example of how money plays a role in upholding genocide and can also play a role in stopping it. Hoping to see the same changes occur in the present day.
Goods unite us is also a good resource
FTX
Would love a guide on how to do one’s own research instead of relying on a metric that is, very possibly, not entirely accurate, due to being defined and controlled by companies and individuals with conflicts of interest. Not a fan of “trust me bro” when it comes to an issue of globally relevant ethics. 😕
They cited a Black Rock Ceo as an example of modern companies prioritizing positive social contribution. That’s laughable from the company monopolizing the home ownership market making homes unaffordable.