And some of it has little to do with ethics. This is partly because of its reliance on divisions into allegedly good and bad products whereas ethics is about careful judgments on what people do with products. Thus arms can be used to defend just causes and innocent persons under attack as well as aggressively. It is also partly because the criteria of the ethical investment industry have little to do with traditional ethical concerns about for instance sloth or sexual immorality and much more to do with current fashionable causes such as deforestation or smoking. They are very concerned with.
Several commentators speak of the selectivity involved.
One answer, which the commentators acknowledge, is that the criteria reflect the criteria demanded by investors. If so, well and good. The investments these companies favor indeed satisfied a customer demand. This study involved the SAU Director writing in a personal capacity. Its views do not reflect the views of the Unit and its Trustees.