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RH

RH

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
RH Consumer Discretionary 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.

RH, formerly Restoration Hardware, derives a significant portion of its revenue from the sale of home furnishings that incorporate animal hides, furs, and exotic leathers. The company’s high-end product lines feature items such as upholstered furniture and decorative accessories made from cowhide, shearling, and other animal-derived materials. This commercial activity falls under the animal exploitation exclusion category, as it involves the commodification of animals for non-essential luxury goods.

The evidence gathered pertains to general animal cruelty enforcement and research, but does not contain specific, documented incidents or patterns of misconduct directly attributable to RH’s supply chain or operations. A review of available public enforcement data and advocacy reports did not yield material evidence of the company’s direct involvement in the specific harms covered by more precise child codes, such as factory farming or fur production. Consequently, the exclusion rests on the company’s core business model of selling animal-derived products, rather than on a documented pattern of egregious conduct.

Research Sources 4 organizations

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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.