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Humane Investing
Animal advocates go to great lengths to ensure that they do
not contribute to animal suffering. From a vegan diet to not
wearing leather to not buying products tested on animals. But
do you know what your investment money is funding? If not, you
should. |
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Socially Responsible Investing Doesn't Always Mean Cruelty-Free
Investing
There are many wonderful mutual funds who take great strides in screening
out many companies who are not socially responsible. That means that
none of the investment money will be spent on those companies. Specific
screening criteria vary but some common screens are for alcohol, gambling,
environmental standards, workplace conditions, human rights, and community
relations. Even consideration of indigenous peoples' rights are common
when companies have foreign plants. It's comforting to know that by
investing in these mutual funds, we have control so that our money
is not going toward activities for which we do not approve.
At first glance these funds seem like the perfect candidates to also
have screening for animal rights issues, and many of them do. But,
the majority of the time those screens only relate to issues when
human health is not in question. For example, many animal rights screens
only screen out companies who do cosmetic testing because it is seen
as unnecessary for human health, but they do not screen out medical
testing because they deem it necessary. If you put your money in such
a fund, you are helping to fund medical testing on animals.
What Information is Here? And, What Should I Do With It?
After contacting most of the major Socially Responsible Investment
(SRI) mutual funds, most of them did indeed have some loop hole that
allowed for some amounts of investments to go toward animal-use companies.
So does that mean that animal advocates should boycott those mutual
funds? The purpose of this page is to give you the information
about what each fund does and does not do in regards to screening
for animal rights issues only. For example, if a fund gets a bad review
from an animal-issues perspective, it doesn't mean that it's not doing
a terrific job screening for human rights issues... and vice versa.
Then it's up to you to make your investment decisions.
Finding individual stocks who don't engage in animal-use activities
is much easier than finding mutual funds. Though from an investment
standpoint, the diversity that you get in a mutual fund is desirable.
Both a list of mutual funds and a list of stocks are presented on
this site.
Similar to a vegetarian or vegan diet, there are many different definitions
amongst people as to how strict they are. Striving to be a "pure"
vegan is a goal that could take years to attain, if ever. It's the
same with humane investing. Purchasing mutual funds who invest in
a miniscule amount of animal-use companies is far better than a mutual
fund that is predominantly funding only animal-use companies. Someone
might choose to invest in a fund with a small amount of animal-use
companies at first, but then strive to seek out stricter funds over
time. It's all a matter of personal choice as to what someone is capable
of doing. But while making your choice, make sure it's for the right
reasons. Socrates says that an unexamined life is not worth living.
Examine your motives for making your choices. Remember the individual
animals who are currently living a caged, suffering life.
Will I Make A Lot of Money?
No one at Animal Awareness is a qualified financial advisor. As with
all stocks, bonds, and mutual funds... there are no guarantees. But
also remember that just because something is an ethically humane investment,
doesn't necessarily mean that it's a bad investment financially. Some
do very well and others do not. We suggest that you contact a financial
advisor that you trust. This information is only intended to assist
one's investment choices from an ethical and animal rights perspective.
Funding worthy companies will help to keep them stable, thus ensuring
that cruelty-free investing is more stable for all of us... which
in turn ensures that your own investment has more stability.
Find Out More Information
EIRIS (Ethical Investment Research Service) conducts independent research
of the pros and cons of the industry covering over 40 different areas
including animal testing, military, environmental performance, and
human rights. They are not a company who will tell you which companies
to invest in because they pride themselves on being an independent
research company, but they will provide detailed information that
will greatly help your research process.
Many other companies base their decisions by EIRIS's research. You
will find an exhausting amount of information about companies that
use animals and the trends of those industries. They are not an animal
rights organization, but they do state the facts clearly, therefore
their research tends to side with the animal advocate agenda. Their
area's of research include fur, factory farming, and animal testing
(both medical and cosmetic) as well as animal-use in genetic engineering,
cloning, and biotechnology.
Read some of the EIRIS research that they have posted in their newsletters
(links below). PDF files require the free Acrobat Reader in order
to view them.
Factory
Farming (PDF)
Cosmetic Testing ban in UK (PDF)
Genetic
Engineering (PDF)
Genetic
Engineering and Biotechnology - extensive information (PDF)
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