Animal Guardianship Strategy

The Animal Guardianship Strategy invests in businesses that have a direct relationship with animals in the scope of their business operations, including animals in farming and laboratory animals used in research. The Animal Guardianship Strategy provides Karner Blue clients with investment exposure to companies that exhibit leadership in their animal welfare policies and practices.


Karner Blue Capital’s Animal Guardianship Strategy focuses on companies that have direct impact on animals and are an integral part of their business operations. This strategy evaluates companies based on their policies and practices as they relate to farm and research animals. Criteria companies are evaluated on include:

  • The five freedoms (freedom from: hunger and thirst, discomfort, pain and disease, fear and distress, abnormal behavior)
  • Policies in place to ensure proper breeding practices, living environment, mutilation practices, transportation, and slaughter practices
  • The three R’s of animal testing: Reduce, Replace, and Refine
  • Accreditation of animal testing policies
  • Investments and research made into alternatives to animal testing
  • Companies that test beyond legal requirements are excluded



The Karner Blue Animal Welfare Principles provide a framework for our evaluation of investment opportunities and represent the most fundamental standards of animal care. There are few, if any, companies that will satisfy all of the Principles. However, through the application of the Principles, Karner Blue seeks to identify those companies that strive to promote best practices for animals.



The Karner Blue Animal Guardianship Fact Sheet includes a portfolio summary, industry allocations, market capitalization, geographic regions and top ten holdings.

The portfolio can be customized to have exposure to industry leaders or U.S. only.