Though there is a BIG difference in using this portfolio. Investing in SRIs comes with higher fees, which we know from The Secret to Investing is a red alarm in purchasing stocks. Most of the SRIs I saw come with a fee of 2% or more, which will add up to hundreds of thousands of dollars over a decade or two lost to those fees!
If you are considering this route, the question you should ask and answer for yourself is this:
Is it better to support the causes I believe in by not investing in an index fund that will provide a portion of my money to socially irresponsible companies? Or is it better to support the causes I believe in by using the greater wealth made by those index funds to give the money, time, and energy saved back to my local, favorite causes?
If you want to do your own research here’s a list of most SRIs. (Remember to subtract the 2 fee-columns, expense ratio and management fee, to find each funds true past returns!)
Also here’s two other socially responsible investment management companies to look into: Calvert Management Group and PAX World. And if you’re interested in Vanguard’s policies around social concerns and their general investing here’s a statement on their site about just that. VTFSX is their SRI which is a comparable fund to VTSMX.