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

POC-Owned Vegan Lipstick Brand Debuts at Target

Vegan Bawse Lady red lipstick, and other hues aimed at women of all skin tones, will be available at 100 Target stores by May.
Read More »

New Bleeding Vegan Burger Debuts at Costco

California company Don Lee Farms enters the veggie burger 2.0 game with its organic and raw plant-based patty that bleeds beet juice—now available at Costco, with Walmart, Whole Foods Market, and Smart & Final to follow.
Read More »

Craft Brewery Modern Times Opens Vegan Lounge

The brewery's vegan founder Jacob McKean is adding plant-based fare to all tasting room locations.
Read More »

Kat Von D Honors Drag Queen Divine with New Makeup Line

The vegan makeup mogul has created an eyeshadow palette and lipstick to celebrate the life of the legendary drag queen and promote self-expression, artistry, and positivity.
Read More »

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 »

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 »