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Sainsburys say no to animal crueltyBy Mark Hoskin, Managing Partner, Holden & PartnersAnimal Testing has been a concern to many investors for a long time. 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 Henderson Global Care Growth accepts no animal testing. Indeed recently I was involved in a discussion with a client in which we decided to sell Sainsburys over animal welfare issues - perhaps we need to revisit this now. At the point of sale 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! To find out more about cruelty free products - www.gocrueltyfree.org
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