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Acushnet Holdings Corp.

GOLF

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
GOLF Consumer Discretionary 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.

Animal Exploitation
Since Jul 28, 2021

Acushnet Holdings Corp. is a leading manufacturer of golf equipment, including Titleist golf balls and FootJoy golf gloves. A significant portion of its products incorporate materials derived from animals. Titleist golf balls, for example, have historically used a urethane cover system, and the company's glove lines have traditionally relied on leather. While specific revenue percentages from animal-derived materials are not publicly broken out, the use of these materials is central to the performance and marketing of core products like premium golf balls and gloves. The company operates within an industry where animal exploitation for hides and specialty materials is a standard, large-scale practice.

Sources:
employment.acushnetgolf.com ↗ oag.ca.gov ↗ law.justia.com ↗ fws.gov ↗ malegislature.gov ↗

Related Issues

Animal Rights

We don't invest in companies that treat animals as commodities — factory farming, animal testing, exotic skins, entertainment. This isn't a peripheral screen. It's the original premise of the firm: avoiding preventable harm to living things requires taking animal consciousness seriously, not assuming it away.

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Research Sources 1 organization
Cruelty Free Investors
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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.