Pfizer, Inc. is screened out under 1 exclusion reason spanning 1 issue category.
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.
Pfizer, Inc. is a global biopharmaceutical company whose core business of drug discovery and development is fundamentally dependent on animal testing for regulatory compliance and product safety assessment. As a major pharmaceutical firm, it conducts, funds, and commissions animal research across its extensive preclinical pipeline.
A 2011 no-action letter filed with the SEC documents a shareholder proposal from People for the Ethical Treatment of Animals (PETA) concerning Pfizer's animal testing practices. The company's own 2019 SEC correspondence references the Forced Swim Test (FST), acknowledging the procedure causes animal suffering while defending its use. Historical analysis, such as a 2012 legal review, notes that preclinical animal experiments conducted for Wyeth Pharmaceuticals—acquired by Pfizer in 2009—informed the development of hormone therapies. While animal testing is currently a mandated component of pharmaceutical regulatory approval globally, Pfizer's operations remain inextricably linked to this practice.
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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.
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