Skip to main content
← All exclusions

RELX PLC

REL

2

exclusion reasons

2 themes

Criminal Justice (1) Geopolitical Conflict (1)
REL 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.

For-Profit Prisons
Since Oct 3, 2024

RELX PLC, through its subsidiary LexisNexis, provides data brokerage and investigative services to U.S. immigration enforcement authorities. The AFSC Investigate database documents that LexisNexis systems are used by Immigration and Customs Enforcement (ICE) to track and locate individuals. This places the company within the infrastructure supporting immigration detention operations. While RELX is not a direct operator of detention facilities, its provision of specialized tools to a government agency engaged in large-scale detention and deportation constitutes material support to that system. The company derives revenue from contracts with these authorities, though the specific financial materiality of this revenue stream within RELX's broader information and analytics business is not publicly detailed in the gathered evidence.

Conflict & War Zones
Since Oct 3, 2024

RELX operates LexisNexis Risk Solutions, which provides data analytics and screening services to government agencies. According to AFSC Investigate, the company holds at least 53 contracts with the U.S. Bureau of Prisons between 2008 and 2021, valued at over $9 million. These contracts are for data services that support the operation of the federal prison system.

The company’s Risk Solutions division also markets data and analytics tools to U.S. Immigration and Customs Enforcement (ICE), a key agency in the U.S. immigration enforcement system. By providing data infrastructure to agencies involved in detention and incarceration, RELX materially supports systems that operate within and perpetuate conditions of conflict and systemic violence.

Research Sources 1 organization

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.