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67
Vanguard divests from ESG funds: Vanguard "is not in the game of politics." & "Our research indicates that ESG investing does not have any advantage" (media.kotakuinaction2.win)
posted 3 years ago by dekachin 3 years ago by dekachin +67 / -0
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▲ 19 ▼
– Ahaus667 19 points 3 years ago +19 / -0

Between this and the major corpos dropping DIE something is telling me they took a financial bath and couldn’t keep cooking the books to make ESG remotely viable long term.

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▲ 24 ▼
– ArtemisFoul 24 points 3 years ago +24 / -0

Inb4 tens of millions lose their retirement accounts because "whoopsie, those investments were actually super shitty, who could have thunk, tee hee".

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▲ 19 ▼
– censorthisss 19 points 3 years ago +19 / -0

Those corporations aren't dropping DIE.

They cut back on some DIE staff, but that means nothing considering how bloated those departments are. When layoffs come around, it's easy pickings.

DIE nonsense can be handled by a single person even in a company with hundreds of people. All they do is share videos, trainings, etc., that someone else created.

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▲ 4 ▼
– realerfunction 4 points 3 years ago +4 / -0

the entire job can be handled by a 40 year old tape recorder that just plays "white man bad" on loop.

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