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SUPER HI INTERNATIONAL HOLDING LTD

HDL

1

exclusion reason

1 theme

Animal Welfare (1)
HDL Current as of April 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.

Meat, Dairy & Eggs
Since Mar 12, 2026

Super Hi International Holding Ltd. operates the Hai Di Lao hot pot restaurant chain, a business model fundamentally reliant on the commercial exploitation of animals. The company’s core product is a dining experience centered on the consumption of animal-derived foods, including meat and seafood. Its global expansion, with hundreds of outlets, scales this animal exploitation into a primary revenue driver.

An undercover investigation linked to the company’s supply chain revealed significant animal suffering in toxicology testing contexts, leading to a formal complaint to the USDA alleging violations of the Animal Welfare Act. While the company’s annual reports detail financial and operational metrics, they provide no substantive evidence of a systematic animal welfare policy, supply chain oversight, or commitment to reducing reliance on animal products. The absence of such governance contrasts with growing industry benchmarks that assess and disclose animal welfare management.

Research Sources 1 organization
Cruelty Free Investors
External

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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.