I'm a partner in an Article 8 ESG fund/studio (KRING Ventures) here in Denmark. We definitely qualify as ethical and we hope to make a financial return at the same time. There is also a concept of creating "Zebras" not Unicorns and that's where we focus.
Be sure to hear other side of the ESG, namely Aswath Damodaran's take on it [1] - although it's heavy on the financial/finance side. That's just one video, but you can find more about his position.