News

Consulting Firm Exposes Companies that Exploit Animals

New nonprofit Cruelty Free Investing evaluates each publicly traded stock to point conscious investors toward companies that do not contribute to animal exploitation.

New nonprofit Cruelty-Free Investing (CFI) launched this week to help investors find companies that do not contribute to animal exploitation. CFI evaluates each stock traded publicly on the United States Stock Exchange and classifies companies in two lists: those that exploit animals and those that do not. CFI classifies a company as one that exploits animals if it meets any of its four criteria, including using and/or selling animal skins and byproducts in clothing manufacturing; using and/or selling products that are tested on animals; breeding animals for food and/or testing purposes; and manufacturing or serving food and/or beverages that contain animal products. Currently, government criteria used to identify socially responsible companies does not cover those that participate in animal cruelty, exploitation, or abuse. Founder Dave Brett Wasser created CFI to allow conscious investors to use their capital wisely and financial advisors to assist clients who want to divest from stocks that involve animal exploitation. “As we looked at the growing sector of socially responsible investing,” Wasser said, “we were surprised to discover that there is no criteria that evaluates animal exploitation, an issue that is essential to a growing number of investors. We are thrilled to bring a service to the marketplace that is thorough, useful, and of the utmost importance to the new generation of investors.” Several financial organizations currently exist for the sole purpose of funding plant-based companies, including New Crop Capital—a venture capital fund that has invested in vegan cheese brand Miyoko’s Kitchen, vegan meat brand Beyond Meat, and vegan seafood company New Wave Foods, and other disruptors of the animal agriculture industry.

More News

NYC Fashion Mogul to Debut Vegan Cheese Brand

Joshua Katcher—founder of vegan fashion brand Brave Gentleman—has teamed with vegan tattoo shop owner Dina DiCenso to launch artisanal vegan cheese brand RIND.
Read More »

LUSH Debuts New Vegan Bath Melt to Fight for Trans Rights

The vegan-friendly beauty brand launches a campaign to raise $450,000 to end discrimination and violence against transgender people.
Read More »

Data Shows Plant-Based Diet Would Save UK $7 Billion

A new study finds that the country could save billions on health and economic costs if 10 percent of the population adopted a plant-based diet.
Read More »

Amsterdam Fashion Brand Debuts Vegan James Dean Jacket

Cruelty-free fashion brand HoodLamb announces its spring line complete with James Dean-inspired unisex jackets.
Read More »

Investors Condemn Whole Foods for Ignoring Vegan Shift

A coalition of 57 investors who manage $2.4 trillion in assets continues to push food companies to abandon the risky practice of raising animals for food.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »