Divest from companies that exploit animals
When people seek out investments that purport to be "ethical", they should have confidence that their portfolio managers are not investing in companies that substantially support, cause, or contribute to animal exploitation and suffering.
Portfolio managers need to be held accountable to the people who have trusted them with their investment dollars. Whether a fund is "Sustainable", "Socially Responsible", or "Green", it should also be cruelty-free.
Seventy-five percent of investors are interested in sustainable investing making it one of the fastest growing investor movements. Couple that with the fact that individuals are more concerned about the welfare of animals than ever before and this is something that portfolio managers cannot afford to ignore.
- A Gallup poll of 1,024 adults in the US done in 2015 found that the majority of people surveyed(62%) believe that animals deserve "some protection".
- A nationwide poll of 1,000 adults conducted by SurveyUSA in August, 2019 on the behalf of Cruelty Free International showed that 79% of voters in the United States would support a federal ban on cosmetic animal testing.
- In March 2019, President Donald Trump signed bipartisan legislation that limits the use of dogs in scientific research conducted by the U.S. Department of Veterans Affairs.
- In Sept. 2019, the Environmental Protection Agency announced its plans to phase out animal testing used to determine whether chemicals are safe, setting a goal of eliminating such testing completely in 16 years.
Money managers need to recognize that investors are seeking out companies that are transforming the world for the next generation, not those who turn their heads or even contribute to the suffering of animals.
Shareholders request that funds that purport to being "environmental", "sustainable", or "socially responsible" avoid holding or recommending investments in companies that substantially support, cause, or contribute to animal exploitation and suffering.