LEVI STRAUSS & CO
LEVI
Consumer Discretionary
2
exclusion reasons
2 themes
LEVI STRAUSS & CO is screened out under 2 exclusion reasons spanning 2 issue categories.
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.
Levi Strauss & Co. is a global apparel company. This exclusion record is for operating in or materially supporting activities in occupied or disputed territories in violation of international law. No specific evidence has been gathered for this record to detail the company's activities, locations, or material support in such territories. Further research is required to substantiate this exclusion.
Levi Strauss & Co. derives a significant portion of its revenue from leather goods, including belts, footwear, and key outerwear items like its Trucker jackets. The company’s leather sourcing is a core component of its product line and business model. PETA has documented animal cruelty in farms and slaughterhouses within supply chains certified as “responsible,” including those supplying wool and leather. In 2021, PETA filed a shareholder proposal urging the company to address animal welfare, arguing that leather sales directly fund the slaughter industry and its associated abuses. While Levi’s has adopted some responsible sourcing standards, its continued large-scale use of leather and wool ties its revenue to industries where systemic animal exploitation is inherent.
Related Issues
Animal Rights
We don't invest in companies that treat animals as commodities — factory farming, animal testing, exotic skins, entertainment. This isn't a peripheral screen. It's the original premise of the firm: avoiding preventable harm to living things requires taking animal consciousness seriously, not assuming it away.
Palestine & Occupied Territories
We exclude companies that profit from Israel's occupation of Palestinian territories — settlement construction, military technology, surveillance infrastructure, discriminatory resource arrangements. The ICJ ruled this occupation unlawful in 2024. We don't wait for political resolution to stop funding what international law has condemned.
Research Sources
2 organizations
Related Exclusions
Wondering what we do invest in?
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.