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ELEVANCE HEALTH INC

ELV

Health Care

1

exclusion reason

1 theme

Criminal Justice (1)
ELV Health Care Current as of March 2026

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.

For-Profit Prisons
Since Jul 12, 2024

Elevance Health Inc. is a major health insurer that has been implicated in the use of prison labor within its supply chain. According to the American Friends Service Committee’s Investigate database, the company continues to sell products manufactured using prison labor, despite having banned such labor from its supply chain in 2018. This ongoing commercial relationship with the prison labor system constitutes revenue derived from correctional services.

Research Sources 1 organization

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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.

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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.