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H WORLD GROUP LTD

HTHT

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
HTHT Consumer Discretionary Current as of March 2026

H WORLD GROUP LTD is screened out under 1 exclusion reason spanning 1 issue category.

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. It is a statement of values.

Animal Exploitation
Since Oct 14, 2021

H World Group Ltd., operating hotels under brands including Huazhu, Ji Hotel, and Orange Hotel, sources animal-derived products for its food and beverage services. The company’s procurement and supply chain for items like meat, dairy, and eggs is linked to industrial-scale animal agriculture. Undercover investigations at factory farms supplying major producers, as referenced by animal welfare organizations, have repeatedly exposed systemic animal welfare violations inherent to such systems, including overcrowding, restrictive confinement, and inhumane handling. H World Group’s sustainability reporting focuses on anti-corruption and business ethics audits but does not disclose a comprehensive animal welfare policy, verified supply chain standards, or a commitment to reducing its reliance on animal products sourced from industrial operations.

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.