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Global Vegan Impact and Innovation Stock Index Launches

The first global index and list of publicly traded plant-based stocks, VegTech: The Global Vegan Impact and Innovation Index (VEGT) has just been launched by business consultant Elysabeth Alfano and fellow investor Sasha Goodman.

The VegTech Index currently comprises 21 global companies that Alfano and Goodman say are “actively innovating to remove animals from the supply chain to solve some of the world’s most pressing problems”.

Billed as a ‘vegan Dow Jones’, the VegTech Index tracks these companies and reports monthly on the average, market cap-weighted performance to give a snapshot of the growth, health and invest-ability of the mission-driven sector.

Elysabeth Alfano, co-creator of the VegTech Index.

The list, which launched on 2 March, 2021 on Alfano’s Plant Based Business Hour website, includes companies that she and Goodman believe are working towards making animal-free advancements in their product offerings.

The companies cannot be involved in producing animal meat, animal dairy, animal testing (unless subjected by law), farm animal feed products, or the significant displacement of wildlife.

Among the companies listed are vegan meat brands Beyond Meat and The Very Good Butchers, plant-based dairy firm Tofutti, plant-based blank check company Natural Order Acquisition Company, and electric vehicle maker Tesla.

“As an investor, I want a portfolio that is 100 percent free from animals,” says Alfano, a founding member of the Vegan Women’s Leadership Network. “I also want to invest in the companies that are intentionally seeking to solve some of the world’s greatest problems by keeping animals out of their products.”

As more plant-based companies go public, the list will expand. By the same token, if any company on the list introduces animal products into its lines, it will be removed.

Alfano and Goodman also hope the creation of the list will encourage public companies to lead the way and replace animal products with plant-based or cell-based alternatives.

“Consumers expect companies to start being part of the solution rather than part of the problem,” says Alfano. “The VegTech index lists and tracks companies that are doing just that.”

The creation of VegTech is the latest in the move towards ethical impact investment and financial solutions.

In 2018, finance industry veteran Claire Smith and her team at Beyond Advisors launched the US Vegan Climate Index, followed in 2019 by the launch of the world’s first vegan-friendly and climate-conscious Exchange Traded Fund (ETF) onto the New York Stock Exchange.

VegTech ™ is currently in beta and can be found on the Plant-Based Business Hour website.

 

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