Impact investment: Market gets its teeth into vegan ETF
Founders claim existing meat-production business model at risk from stranded assets as interest in meat-free diet grows.
Beyond Investing is launching what is thought to be the first dedicated vegan climate exchange-traded fund (ETF) in January.
It follows the launch of the US Vegan Climate Index by the vegan and cruelty-free investment group in June this year.
According to research firm GlobalData, the number of vegans in the US has increased 600% in three years to 6% of the population. In the UK, the number of vegans has risen 700% in two years, according to comparethemarket.com, while in Germany the percentage of the population following a low-meat diet has risen to 44% from 26% in 2014.
Beyond’s founder and CEO Claire Smith says: “There’s a societal shift taking place towards veganism, or at least reducing the consumption of meat because of concerns about health, the environment or animal cruelty.”