You can create wealth through Wealth Pillar #4 Paper Assets in an ethical way.
A Cruelty Free investment is about putting your money into companies involved in certain positive ventures, and avoiding investments in companies involved negative ventures.
Avoid to invest in companies involved in:
- Animal Testing
- Cosmetics
- Household Products
- Pharmaceutical products
- Animals and food
- Rearing and breeding of animals for food
- Abattoirs
- Live Transport
- Equipment, technology and machinery manufacturers specifically linked to intensive farming and transport
- Animal products
- Food processors where animal products are a principal activity
- Food retailers and animal-based catering companies
- Companies making significant use of animal by-products (gelatine/collagen/leather)
- Fish farming
- Fur and animal skins
- Breeding and rearing animals for their fur/skin
- Trapping and other means of removing animals from the wild
- Retailing of fur/skin products where animals have been reared for this purpose
- Animals in sport
- Operators of horse and dog racing facilities, breeders
- Fishing equipment and services
- Betting where this is linked to horse and dog racing
- Hunting equipment – traps/guns etc
- Genetic modification
- Research and development of genetically engineered animals
- Use of genetically engineered animals – pharmaceutical/food/other products
Other negative issues:
It is important to consider the wider impact of one’s investment in a holistic way. Avoid investment in companies involved in the following:
- Manufacture of weapons and strategic weapons systems
- Human rights abuse – based on evidence of a negative impact on a company’s workers, stakeholder communities and indigenous peoples
- Environmental Damage – based on worst offenders. Every individual and corporation has an impact on the environment, but some manage their impact better than others. The fund’s investments will seek to avoid those companies whose activities pose the greatest threat to climate change and environmental degradation
- Tobacco production
Instead seek to invest in companies involved in:
- Environmental Protection
- Clean Energy
- Recycling
- Water and Waste management
- Companies providing services or products of benefit to society
- Education
- Healthcare (subject to negative exclusions)
For example, does your Superannuation fully match your values? Australia’s only animal friendly Superfund is the Cruelty Free Super.
Unwittingly, many people may be directly financing the arms trade, environmental destruction or human rights abuse through their Bank accounts, Life Assurance, Pension, Savings and Investment Plans.
You can create wealth through Wealth Pillar #4 Paper Assets in an ethical way.
A Cruelty Free investment is about putting your money into companies involved in certain positive ventures, and avoiding investments in companies involved negative ventures.
For instance, who can clearly state they do not share their Bank (and therefore their money) with an arms company, one that uses child labour to manufacture its goods or a company contributing unnecessarily to climate change.
When an arms manufacturer gets a large order and needs to increase borrowings from its Bankers to meet the order, can you honestly say that your Bank does not lend your money to finance the order? If a company agrees to finance or support dictator ship, can you be linked to the transaction? Where there is a serious chemical spillage, can you be seen as supporting this catastrophe?
By applying socially responsible or ethical criteria to the use of your money within the ‘system’ you are making a stand for change. As long as campaigning continues on the side lines, very little change will come about. The heart of our current system is money, and the pursuit of profit. Whilst there is nothing wrong with looking for growth from one’s money, many draw the line at financing activities they do not support. By being part of the system, but at the same time applying moral criteria to how your money is used, enables change can take place more rapidly. Read more about Ethical Money Screening.
Get started on your own path to Cruelty Free Wealth; -a proven path to ethical prosperity for everyday working Australians starting from where you are, only with what you have got right now, for free with no obligation.