HP Inc.
HPQ
Information Technology
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.
HP Inc. supplies technology and equipment to Israeli military and government agencies, including COGAT (the Coordinator of Government Activities in the Territories), the prison service, and police. These systems are integral to the administration of occupation and apartheid. While the precise revenue from these defense and government contracts is not publicly broken out, the company's long-standing, specialized provision of technology to these specific military and security entities meets the threshold for material support to military operations.
The company’s involvement extends to the development of weapons systems through partnerships. HP Inc. collaborates with Unusual Machines, using its 3D printing technology to manufacture FPV (First Person View) drones for the Ukrainian battlefield. This represents a direct application of HP's commercial technology for the purpose-built manufacturing of military munitions.
Research Sources
1 organization
Related Exclusions
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The Naughty List
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.