The free Evidence Brief

One useful company story, once a week.

The week's most useful company-conduct finding, with the sources. No account. No card. Unsubscribe any time.

← All research

Cruelty-Free Stocks in 2026: Animal Welfare and Ownership Checks

cruelty-free investinganimal welfareethical stocks
Mashinii Research ·

A high animal-welfare score does not prove that a company is certified cruelty-free, vegan or a good investment. It also does not prove its shares still trade. Morrisons went private in 2021, and Olaplex shares ceased trading on Nasdaq in July 2026; both were incorrectly presented as current stock choices in the earlier version of this article.

Among the ten company records reviewed below, Steakholder Foods has the highest stored animal score at +60, followed by Veganz and Moolec at +50. This is a comparison of those selected records, not a verified ranking of every public company or a list of ten certified cruelty-free investments.

The corrected animal-welfare scores

The table revisits the ten companies in the original article. Assessments are dated 26–27 April 2026, checked on 8 October 2026. A record identifier is a link into Mashinii's evidence, not confirmation of current exchange eligibility or ownership.

Company research recordAnimal score
Steakholder Foods Ltd.+60
VEGANZ GROUP AG+50
Moolec Science SA+50
Olaplex Holdings, Inc.+40
Synergy CHC Corp.+20
WHITBREAD PLC+10
UNITED UTILITIES GROUP PLC0
SEVERN TRENT PLC0
Wm Morrison Supermarkets PLC-10
Kimberly-Clark Corporation-20

Scores run from −100 to +100. Zero is a numeric assessment, not a certification or a clean sheet. The table focuses on one dimension because company-wide averages would mix different numbers of scored categories. For the framework and evidence requirements, read Mashinii's methodology.

Several corrections change the earlier ranking substantially: Veganz was +70 but is now +50; Steakholder was +40 but is now +60. United Utilities and Severn Trent are now 0, Morrisons −10 and Kimberly-Clark −20. A positive historical biodiversity assessment would not, in any case, certify every product or procurement activity of a utility or retailer as cruelty-free.

Cruelty-free, vegan and animal welfare answer different questions

Animal-testing policies concern whether finished products or ingredients are tested on animals, and under what conditions. Vegan product claims concern ingredients and potentially additional requirements under a particular standard. Farm-animal welfare concerns living conditions, transport and slaughter. Biodiversity or habitat management is another issue again.

PETA's database distinguishes companies that do not test on animals from vegan companies that do not test. That distinction is useful: do not infer vegan status solely from an animal-testing claim. Check the exact organisation, brand, certification category and current listing.

Mashinii's broader animal dimension can support research across different industries, but it is not a substitute for a certifier's standard. A company developing alternatives to meat and a company with a cosmetics testing policy cannot be described as certified under the same scheme merely because both receive positive scores.

Two names that should not be on a current standalone stock list

Morrisons: private since 2021

Morrisons' corporate history states that Clayton, Dubilier & Rice acquired its issued share capital in October 2021, ending its London listing. The MRW.LSE research record is therefore a legacy identifier, not an ordinary publicly traded Morrisons stock recommendation for 2026.

Its corrected animal score is also −10, not the +30 previously shown. Both the listing status and the assessment needed correction; neither can be inferred from the continued existence of a profile page.

Olaplex: the Henkel acquisition closed in July 2026

Olaplex's July 2026 SEC filing records the merger's completion and says its common shares ceased trading before Nasdaq opened on 7 July 2026. The company requested delisting.

The stored OLPX.US +40 animal score predates that transaction. It does not make Olaplex a separately available stock today, and it should not be transferred automatically to Henkel's entire business. Investing in an acquiring parent gives exposure to that parent's broader portfolio, not only the acquired brand.

Alternative proteins: examine the technology and business separately

Steakholder, Veganz and Moolec have the strongest animal scores among these selected records. That provides a starting point for examining their evidence. It does not establish blanket claims such as no animal-derived inputs anywhere, no adverse conduct in other dimensions or elimination of animal agriculture.

Moolec describes its technology as producing animal proteins in plants by introducing animal genes into plant genomes. That is a specific molecular-farming approach. It should not be described as automatically equivalent to a conventional vegan ingredient standard or as proof of a health benefit. Readers need the product's actual composition, regulatory scope and relevant certification.

Financial status is independent of the animal score. Steakholder's 2026 SEC registration filing describes Nasdaq-listed ADSs and includes an auditor's substantial-doubt warning about continuing as a going concern. That is material context for an article about stocks; a +60 ethical dimension cannot cancel it out.

This revision does not certify the current listing status of every remaining table entry. Before treating any research record as an investable security, check the latest issuer and exchange filings, share class, ticker changes and corporate actions.

A brand's certification does not certify its parent company

Large consumer groups can contain brands with different policies and certifications. For example, P&G's July 2025 supplier document identifies specific cruelty-free certified beauty and grooming brands and sets supplier expectations for them. It is not a certification of every P&G business.

P&G's stored animal score is −30 and Colgate-Palmolive's is −20. Our P&G vs Colgate comparison explains the policy and company-level distinctions. A shopper may accept a certified brand owned by a broader group; an investor buying the parent owns exposure to the whole group. Those are different decisions.

How to screen a potential investment for animal concerns

Use a sequence of checks rather than treating a ranked list as the conclusion:

  1. Define your exclusion. Is it animal testing, animal ingredients, intensive farming, particular research methods or all of these?
  2. Identify the entity. Match the brand to its current parent and the security you would actually own.
  3. Verify the claim. Read current certification scope, policy exceptions and supplier requirements; distinguish independent evidence from company statements.
  4. Check financial disclosures. Examine liquidity, funding needs, dilution, listing compliance and other material risks separately from ethical fit.
  5. Inspect the rest of the company record. Animal welfare does not answer questions about workers, governance, environment or communities.

For a fund, inspect its dated holdings and screening methodology. The words “ESG”, “sustainable” or “ethical” in a name do not themselves tell you which animal-related exclusions are applied.

What this guide can establish

It identifies corrected animal scores for ten previously selected company records, exposes two important ownership/listing errors and explains how to investigate cruelty-free claims. It does not establish the best-performing stocks, future returns or universal cruelty-free certification for the table.

Use company score search to open the underlying research, and compare the evidence with your own exclusion criteria. A useful animal-conscious investment process needs both an ethical standard and a current understanding of what you would own.

Reviewed and corrected 8 October 2026: replaced the unsupported “best investments” framing, reconciled animal scores, identified Morrisons and Olaplex listing changes, and separated certification, technology claims and financial risk. Existing URL and publication date preserved.

Privacy policy