This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Dahua Technology is a global manufacturer of video surveillance hardware and software, including cameras, video management systems, and AI-powered analytics. Its products are deployed by governments and corporations worldwide.
In 2023, Voice of America reported Dahua was marketing cameras with "skin color analytics" features, a capability that enables racial profiling. The Organized Crime and Corruption Reporting Project (OCCRP) documented in 2024 that Dahua cameras purchased by the Georgian government were being installed in Tbilisi amid escalating anti-government protests, sparking fears among demonstrators and human rights groups that the technology would be used to monitor, intimidate, and suppress dissent.
The Uyghur Human Rights Project (UHRP) has reported on Dahua’s links to human rights abuses in East Turkistan (Xinjiang), alleging its technology is integral to surveillance systems used for mass internment and population control. The company has not publicly responded to these specific allegations.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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