The new index, which went live under the ticker “VEGAN”, has a market value of $255 billion and seeks to address the concerns of vegans and environmentalists by avoiding investing in companies that directly contribute to animal suffering.
NICOLE AXWORTHY: ‘For every $1,000 invested in the new US Vegan Climate stock index, an investor will avoid funding the slaughter of 13 animals per year, according to finance professionals and fund creators Claire Smith, Lee Coates, and Larry Abele of Europe’s vegan investing platform, Beyond Investing. The new index, which went live under the Bloomberg ticker “VEGAN” in June, has a market value of $255 billion and seeks to address the concerns of vegans and environmentalists by avoiding investing in companies that directly contribute to animal suffering, the destruction of the environment, and climate change… The US Vegan Climate Index is the first to focus specifically on animal exploitation and includes major names such as Apple, Microsoft, and Facebook. A portion of its net profits are devoted to Swedish animal-advocacy organization Beyond Cruelty Foundation’. SOURCE…
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