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Nu Skin Enterprises, Inc.

NUS

Consumer Staples

1

exclusion reason

1 theme

Animal Welfare (1)
NUS Consumer Staples Current as of April 2026

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.

Animal Testing & Research
Since Jul 28, 2021

Nu Skin Enterprises develops and sells cosmetic and pharmaceutical products, including anti-aging skincare and nutritional supplements, through a direct selling model. The company conducts animal testing as part of its product development and regulatory compliance processes. According to Cruelty Free Investors, Nu Skin is listed for conducting pre-clinical studies of its drugs on animals to assess safety and efficacy.

While Nu Skin states it does not test its cosmetic products on animals unless mandated by law, its overall business model includes pharmaceutical development that relies on animal testing. The company has also been subject to FDA warning letters regarding current good manufacturing practice (CGMP) violations, indicating regulatory oversight of its drug products, a category that typically requires animal data for approval. A 2013 Proposition 65 settlement for failure to provide warnings suggests past compliance issues with product safety regulations.

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.