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is there any way to invest ethically as a sole individual? (lemmy.ml)

submitted 3 days ago by ricesoup@lemmy.ml to c/asklemmy@lemmy.ml

32 comments fedilink hide all child comments

cross-posted from: https://lemmy.ml/post/33213155

I don't own much: My savings are around 50K$, money that now sits in the bank doing nothing.

I've been reading about what ETFs to invest into, but even those classified as climate friendly and social responsible include firms such as tesla, facebook, coca cola... not even close to being ethical.

Is there something akin to Michael Burry levels of ethical investment?

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[–] twinnie@feddit.uk 1 points 3 days ago (1 children)

I’ve seen banks that offer investment accounts but they only invest in businesses which meet certain ethical standards. It was by the Co-Operative Bank in the UK, which is some community bank thing owned by the customers. Not sure how that works but they do lots of the ethical stuff.

I’ve also seen a charity where you could offer loans to small businesses in developing countries and if they ever became profitable they’d pay you back, but I wouldn’t be surprised if you never saw that again.

[–] Sadbutdru@sopuli.xyz 2 points 2 days ago

Sadly the Co-op bank nowadays operates pretty much like any other bank.