FYI: KRMA rewards accountability to multiple stakeholders:
Earlier in August, the U.S. Business Roundtable, an influential corporate interest group, announced that it was redefining the purpose of a corporation. From now on, group members commit to lead their companies “for the benefit of all stakeholders: customers, employees, suppliers, communities and shareholders.”
For anyone dismayed by rising inequality, environmental destruction, or any of a host of other social ills, the announcement probably sounded like a nice first step, but many people have long wanted Big Business to put its money where its mouth is. If that includes you, there may be an ETF for that.
The Conscious Companies ETF KRMA, +0.95% , from a company called Global X, offers the chance to “invest in well-managed companies that achieve financial performance in a sustainable and responsible manner and exhibit positive Environmental, Social and Corporate Governance (ESG) characteristics.” To do that, KRMA offers exposure to companies achieving positive outcomes for 5 key stakeholders: customers, suppliers, investors, local communities, and employees.
Regards,
Ted
https://www.marketwatch.com/story/look-at-this-etf-for-a-conscious-capitalism-approach-2019-08-28/print
