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I don't like investing in the S&P 500 because it's supporting the biggest most monopolistic companies out there. Russell 2000 helps, but it has CO2/sustainability concerns. But since big companies usually get bigger because the US has laughable anti trust/monopoly legislature, betting on the big ones is pretty safe.
As for sustainable in the long run, it lets those companies effectively have really low interest rates. It benefits big struggling companies like Boeing so they can borrow at low rates to prop up their business for a while. But with too much investment, you'd give even more leeway and safety nets to the biggest companies.
Last green index fund I invested in lost 50% during covid. Luckily I got out. I don’t see why the common person should worry about each individual stocks ethics within a large index fund. Our individual choice does little but ride us of huge potential gains for our retirement. I agree with your point but think it hurts us more than them.
Disagreement aside, why do you say Russell 2000 helps?
If it makes you feel better many green index funds aren't green at all, and simply manipulate their holdings around audit and reporting times, in a phenomenon known as green window dressing.
Green Window Dressing by Gianpaolo Parise, Mirco Rubin :: SSRN - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4459352
We want to hold the owners of Amazon or oil companies accountable, and what makes them the owners of they hold a lot of stocks. Holding fewer stocks seems like you're enabling the companies, just at a much much lower amount.
Russell 2000 is the top 3000 companies minus the top 1000 companies. So it doesn't invest in the really big ones.