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.
JBT Marel Corporation is a global supplier of equipment, software, and services for the industrial processing of poultry, meat, and fish. Its business is centered on designing and manufacturing the machinery used in large-scale slaughterhouses and processing plants, including systems for stunning, killing, scalding, defeathering, eviscerating, cutting, and packaging animals for human consumption.
The company's operations are integral to the factory farming and industrial meat sectors. Its equipment is engineered for high-volume throughput in facilities that process tens of thousands of animals per day. By providing the specialized technology that enables this scale of animal processing, JBT Marel's business model is fundamentally linked to the commercial exploitation of animals for food.
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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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.