Skip to main content
← All exclusions

Phibro Animal Health Corporation

PAHC

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
PAHC Health Care Current as of March 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 Exploitation
Since Jan 3, 2022

Phibro Animal Health Corporation is a leading global animal health company whose core business is the development, manufacture, and sale of products for livestock, including vaccines, nutritional supplements, and antimicrobials. Its business model is predicated on the commercial exploitation of animals in industrial agriculture, specifically the confinement systems of factory farming. The company's products are designed to support and enable the large-scale production of animals for meat, dairy, and eggs, an activity covered under the animal exploitation exclusion.

The company's recent legal action underscores its commercial stake in this system. In January 2024, Phibro filed suit against the U.S. Food and Drug Administration (Case 1:24-cv-00045), challenging the agency's regulatory process. This litigation demonstrates Phibro's active defense of its product portfolio and the agricultural practices it serves. As a primary supplier to the industrial livestock sector, Phibro's operations are intrinsically linked to the commercial systems that exploit animals at scale.

Research Sources 1 organization
Cruelty Free Investors
External

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.

RSS feed No spam · Unsubscribe anytime

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.