I also wonder if social investing is a symbolic gesture. I feel naïve to hope that if I sold my 10K of irresponsible company X and others sold theirs and the price dropped over time, company X wouldn’t have as much stock capital to grow and wouldn’t be able to cause as much damage. But the company would probably never realize its downfall was due to socially minded folks seeking SR alternatives. I agree that buying environmentally friendly products or buying services instead of products may better serve the environment and the economy and encourage/nudge those companies not on the green bandwagon to get on it.
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