Re:Facebook gets dumped from an S&P index that tracks social...
by farisjarrah on Friday June 14, 2019 @04:16PM
(#20186322)
Did you see the other member organizations of the ETF? I think their definition of being "Socially Responsible" is highly suspicious. Here are the top 10 ticker symbols in that index according to the S&P indicies website:
https://www.spindices.com/indices/equity/sp-500-esg-index-us...
Microsoft Corp,
Apple Inc.,
Amazon.com Inc,
Johnson & Johnson,
JP Morgan Chase & Co,
Alphabet Inc C,
Alphabet Inc A,
Exxon Mobil Corp,
Visa Inc A,
Procter & Gamble
How Exxon Mobile and Amazon are "Socially Responsible" companies is beyond comprehension.
Re:Facebook gets dumped from an S&P index that tracks social...
by ekimekim on Friday June 14, 2019 @04:23PM
(#20186362)
It's in comparison to weapons manufacturers, coal and oil companies, etc. A "less awful" index, if you will. If they were actually only including socially responsible companies the index would be useless, as it would be empty.
Re:Facebook gets dumped from an S&P index that tracks social...
by AznHisoka on Friday June 14, 2019 @06:31PM
(#20187193)
Why would it be empty? I can name several socially responsible companies like Blackbaud (software for non profits) and Docusign (sponsors save the rainforest initiatives)
Microsoft Corp, Apple Inc., Amazon.com Inc, Johnson & Johnson, JP Morgan Chase & Co, Alphabet Inc C, Alphabet Inc A, Exxon Mobil Corp, Visa Inc A, Procter & Gamble
How Exxon Mobile and Amazon are "Socially Responsible" companies is beyond comprehension.