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.
Jowell Global Ltd operates as a multi-level marketing company that sells health and wellness products, including dietary supplements and cosmetics. A significant portion of its product portfolio is derived from animal exploitation, specifically through the use of animal-derived ingredients such as collagen, gelatin, and other by-products sourced from industrial livestock operations. The company's business model is built on the commercial sale of these products at scale.
Cruelty Free Investors flags the company for its reliance on animal exploitation. The company’s product lines and ingredient sourcing are fundamentally tied to industries that commodify animals, placing it under this general exclusion category where specific evidence of hides, meat, or entertainment is not the primary driver, but the commercial exploitation of animals is central to its operations.
Research Sources
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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.