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Ferrari N.V.

RACE

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
RACE Consumer Discretionary 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.

Ferrari N.V. manufactures and sells luxury sports cars, a core business activity that inherently involves the commercial exploitation of animals. The company's vehicles are a leading consumer of leather interiors, with hides sourced from the global livestock industry. While the company publishes a sustainability report referencing "animal welfare initiatives," it provides no data on the volume of leather used, its supply chain traceability, or specific measures to mitigate the systemic welfare issues inherent in large-scale hide production for automotive interiors.

Cruelty Free Investors flags the company under its animal exploitation criteria. Ferrari's reliance on animal-derived materials like leather is central to its brand identity and product offering, placing it within a supply chain linked to industrial-scale animal agriculture. The company's public disclosures focus on human rights and mineral sourcing, with no substantive policy or quantitative reporting on animal-derived materials.

Research Sources 1 organization
Cruelty Free Investors
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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.