Animal Testing has been a concern to many investors for a long time, but at the point of sale in the shops this level of detail is largely ignored by the consumer.
It remains very difficult to find products which state they don't test on animals with the result that the only option for many has been to pay premium prices at the Body Shop. This may be set to change for the ordinary shopper. Hygiene does not have to come at the cost of cruelty thanks to www.gocrueltyfree.org. This organisation has been making great strides in getting their 'leaping bunny' logo onto products to give consumers an informed choice.
On 4th April 2011 Sainsbury's were awarded BUAV's leaping Bunny logo. You can now know that all of Sainsbury's own brand sun care, skin care, hair care, baby and bath ranges have been certified free of animal testing. They have followed the Cooperative, Marks and Spencers, Superdrug and Argos. So when you are picking up your deodorant you no longer need to go solely to Body shop. What a great step forward!
The distinction between testing on animals for medical science, or testing for cosmetic reasons is such a key difference that Henderson Global Investors manage two funds where this is the sole difference - Henderson Industries of the Future, excludes those companies which test on animals for cosmetic reasons, but tolerate medical testing, whereas the Henderson Global Care Growth ethical investment fund accepts no animal testing.
Mark Hoskin is a Partner at Holden & Partners. Holden & Partners are Chartered Financial Planners who provide financial advice to high net worth clients, the majority of whom have a significant interest in ethical or environmental issues.
Mark Hoskin graduated with a History degree from Keble College, Oxford and went on to become a Chartered Accountant with Price Waterhouse. He cofounded Holden & Partners in 2003 and is a Certified Financial Planner and Chartered Financial Planner. Holden & Partners set up Worldwise Investor to help both advisers and investors understand quickly and easily how they can benefit from ethical and environmental investment in the UK market.
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