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Best Vegan Stocks to Invest Your Money In

Last updated: June 21, 2022

With the increase in ESG (Environmental, Social, Governance) investing, many people are more conscious of what they are putting their money into. It may be true that everyone is looking for the best profit, but in doing so, it must be done in a way that does not compromise your morals, values, and longevity goals. Sustainable investing is one of the best ways to ensure that future generations actually do have a future - and the choices investors make today can shape the way that tomorrow looks for those who cannot make a decision at this current time.

In this article, we'll talk about sustainability in your investments - particularly those whose values align with veganism. First, we'll go over how to pinpoint if a company is vegan and how it describes its mission, goals, and investor relations. Finally, we'll talk about the investment process and some popular vegan stocks that are available. 

How to Tell if a Company is Vegan

Vegans are extremely conscious of what they put in their bodies but are also well known for being activists and driving social, economic, and other related changes through speaking up.

This confidence has served extremely well in the past and present, but real change cannot happen until governments and corporations are on board. Having vegans speak up about animal cruelty, for example, during protests may encourage others to think about the food they eat, but the real impact won't be reached until the source of it is quelled.

It may be simple to tell if a company and its products are vegan at your local grocery aisle, but what about those that you wish to invest in? Further in the article, we will talk about investing in vegan stocks that are available on the secondary (financial) markets - but these are publicly traded and have gone through the process of getting listed on an exchange. What about those who are looking to invest in their local community?

Both answers lie on the website or information provided by the company. In fact, most have an "investor relations" section that outlines frequently asked questions and have prepared a deck with most of the benefits of the company, including its philosophy and vision. You will very clearly be able to tell whether that company is vegan, and further if it has other objectives that are synonymous with your outlook on sustainability.

How To Invest in Vegan Stocks

Vegan stocks may be difficult to find, but fortunately, there is a unique tool at your disposal - the internet. We've gone over how to identify if a company is vegan, and we will also list some for you in the following section. Prior to picking these securities, however, it is important to do 2 things: 1. Due diligence 2. Have an investment account.

Due diligence

Due diligence is the process of conducting research on a stock or other investment vehicle so that you are comfortable with the information you have been provided. This means knowing enough about the company that, no matter the price fluctuations in the short term, you believe they are a great company to hold for the long haul - both in profits and stated mission statements.

If a company does not match your due diligence research, it is safe to say this may not be the right investment for you. If you do not understand how they operate, or if they are making it purposely obscure or complicated for regular retail investors, this may be a sign that you should be cautious of moving forward. As a general rule, if you don't understand what you are investing in, don't.

Investment Account

Here at VeganLiftz, we are not financially licensed to provide you, the reader, with specific financial advice tailored to your situation. You are able to open an investment account that is self-directed, meaning you can conduct trades for yourself and are assumed to have done the proper due diligence (see above) prior to purchasing that security in your name. If you feel you do not have the time to research investment vehicles on your own, or would like someone else to do it, you can consult a licensed financial advisor to trade on your behalf and take care of your accounts. 

Best Vegan Company Stocks

MeaTech (MITC on NASDAQ): One of the most breakthrough publicly listed companies in this space is MeaTech. Rather than focusing on plant-based meat alternatives that are so common in their competitors, MeaTech aims to actually recreate the meat we know and love, synthetically created from cultured cells (plant or otherwise) rather than from live animals. This was created as a way to officially replace meat once and for all and to abstain from cruel slaughtering practices.

Natural Order Acquisition Corp (NOACU on NASDAQ): Incorporated on Aug 10 of 2020, this company was created with the purpose of acquiring vegan-friendly companies that focus on creating natural food that is plant-based and an alternative to animal and animal by-products. If you are unsure of what to invest in, and just want a name to do it for you, this may be on your radar. As always, conduct your own due diligence.

FAQs

Are vegan stocks sustainable?

Companies usually only become listed on a public exchange (even more difficult for a larger one such as NASDAQ and NYSE) if they are profitable and have the funds and revenue streams to continue for the next few years. This makes them not only sustainable for the investor, but also on an ESG angle as well.

Can vegan stocks be profitable?

Yes. Investors shouldn't have to compromise the assurance of poverty in investing in companies that they truly believe in. Just the opposite, the future is paved by companies that can act on what they say - and get rewarded for doing so.

What happens if a stock stops being vegan?

Companies that deviate from their mission statement, goals, and ethics will be under the scrutiny of regulators and shareholders alike. In this instance, you may be entitled for compensation if a class-action lawsuit comes forward.


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