Skip to main content
← All exclusions

THREDUP INC

TDUP

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
TDUP 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.

Animal Exploitation
Since Mar 12, 2026

ThredUp Inc. is an online resale platform for secondhand apparel, accessories, and shoes. As a major marketplace, its business model inherently facilitates the sale of products derived from animal exploitation, including leather, fur, exotic skins, wool, and silk. The company's revenue is directly tied to the volume of these animal-derived goods traded on its platform.

Cruelty Free Investors, a source tracking commercial animal exploitation, specifically flags ThredUp under the category "Leather/Hide/Fur." This designation indicates the platform's material role in the secondary market for animal skins and pelts. While promoting clothing reuse, the company's operations provide a continued revenue stream for industries reliant on animal exploitation, without a discernible policy to restrict or phase out such categories.

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.