Facebook removed from ethical ETF
Facebook has been dropped from an ethical investment fund amid concerns about its data breach.
BetaShares said Facebook had been removed from the Global Sustainability Leaders ETF and the fund it was designed to track.
The responsible investment committee said it had one of the most rigorous index screening processes to respond to responsible investment concerns.
“Facebook has historically qualified for inclusion in the Fund’s index on the basis of its strong global leadership on carbon emission metrics as well as its responsible advertising and other policies,” BetaShares said.
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