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Estee Lauder Companies, Inc. (The)

EL

Consumer Staples

1

exclusion reason

1 theme

Animal Welfare (1)
EL Consumer Staples Current as of March 2026

Estee Lauder Companies, Inc. (The) is screened out under 1 exclusion reason spanning 1 issue category.

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. It is a statement of values.

Animal Testing & Research
Since Jan 3, 2022

The Estée Lauder Companies Inc. is a global cosmetics manufacturer whose product portfolio, including skincare, makeup, and fragrances, is subject to animal testing requirements in certain international markets. While the company states it does not conduct animal testing itself, it acknowledges that regulatory authorities in some countries may test its products on animals as a condition of market access. The company has publicly supported legislative efforts to ban cosmetic animal testing worldwide.

In 2012, investigations by animal rights groups alleged that Estée Lauder, along with peers Avon and Mary Kay, had quietly resumed paying for animal tests to meet regulatory requirements in markets like China. The company has since been a signatory to industry efforts advocating for alternative testing methods. However, as a seller in global markets with mandatory animal testing laws, its products remain subject to such testing, either directly commissioned or required by foreign governments.

Research Sources 1 organization
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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.