Thoughts on ESG/SRI/Impact Investing
Socially responsible investing seems to be a mixed bag. I would love to hear other's thoughts and experiences with investments in the space.
I have come across some great companies that seem to be doing actual good. For instance, Mitigokaa Development Corp is a power generator that utilizes biomass to provide power to native communities in Northern Ontario. It might as well be the poster-child for Canadian ESG investing.
On the negative side, there are so many ETFs that are disingenuous to say the least. iShares Low Carbon Target ETF has holdings in Valero Energy and many other O&G related companies. Most ETFs/Mutual Funds pay lip service to environmentalism while holding, albeit small, allocations to oil companies.
I really feel there is a future in this area of finance, and I hope it becomes more than a box for investors to tick in their DD.