Honeys Holdings Co Ltd
2792
2
exclusion reasons
2 themes
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.
Honeys Holdings Co Ltd, through its subsidiary Honeys Garment Industry Limited (HGIL), operates garment factories in Myanmar where systematic labor rights violations have been documented. In 2023, 20 civil society organizations publicly urged the company to apologize and reinstate workers who were allegedly retaliated against for speaking out about labor conditions. The allegations point to a pattern of suppressing worker organizing and failing to address abuses in its supply chain factories. This follows earlier reports linking the company to human rights concerns in its Myanmar operations, indicating ongoing issues with workplace conditions and freedom of association.
Honeys Holdings (now Honeyz & Co.) was excluded by NBIM and multiple European funds for operating garment factories in Myanmar, where its operations materially support the military junta regime through tax revenue and economic legitimacy.
Research Sources
8 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.