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.
Falcon's Beyond Global operates a commercial falconry and wildlife trade business that captures, breeds, and trades birds of prey for entertainment and sport. The company's core business model involves the commercial exploitation of live animals, specifically falcons and other raptors, for profit.
The company's operations are linked to the broader wildlife trade, an industry documented for institutionalized abuse and harm to non-human animals. Independent environmental groups have disclosed illegal activities within the falconry trade, including poaching during non-hunting seasons. This places the company within a commercial chain that inherently exploits wildlife for entertainment and commercial gain.
Research Sources
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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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.