FORTREA HOLDINGS INC
FTRE
Health Care
1
exclusion reason
1 theme
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.
Fortrea Holdings Inc. operates a contract research organization that conducts animal testing for pharmaceutical and biotechnology clients. The company’s business model is built on providing preclinical testing services, which inherently involves the commercial use of animals.
In 2016, the U.S. Department of Agriculture cited Fortrea for four violations of the Animal Welfare Act and levied a $31,500 fine after 13 cynomolgus monkeys died from hyperthermia in overheated rooms. This incident was part of a documented pattern; between 2018 and 2023, activist groups cited the company’s facilities in connection with over 100 animal deaths attributed to negligence. The 2016 penalty and the subsequent record of violations demonstrate a systemic failure in animal welfare oversight within its testing operations.
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.
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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