I recently discussed ESG ratings and funds with friends. It is well known that ESG is not regulated which leads to it almost only being a marketing term. For example almost all global ESG funds I have been looking at have Nestlé as one of their biggest holdings.
Which companies do you consider real ethical companies? Companies that you believe are able to grow without destructive capitalism. I am well aware of this being a subjective question but I believe you get where I am going.
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