Teva Pharmaceutical Industries Limited
TEVA
Health Care
3
exclusion reasons
3 themes
Teva Pharmaceutical Industries Limited is screened out under 3 exclusion reasons spanning 3 issue categories.
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.
National Opioids Settlement (nationalopioidsettlement.com) - Manufacturer; $4.25B cash + $1.2B generic Narcan over 13 years (finalized Dec 2022); illegally marketed opioids and failed to maintain effective controls against diversion of generic opioid products
Teva Pharmaceutical Industries Limited is a global pharmaceutical company that conducts animal testing as part of its drug development and regulatory compliance processes. The company is listed by Cruelty Free Investors as a company that exploits animals. While Teva sold its U.S.-based animal health business in 2012, its core pharmaceutical operations continue to rely on animal testing to bring products to market.
Teva Pharmaceutical Industries Limited is an Israeli multinational pharmaceutical company headquartered in Tel Aviv. The company operates production and R&D facilities within Israel, including in occupied territory. According to the AFSC Investigate database, Teva is identified as a company whose operations materially support activities in occupied Palestinian territories in violation of international law. The Boycott, Divestment and Sanctions (BDS) movement specifically targets Teva as part of the "backbone of Israel's illegal settlement enterprise."
Related Issues
Animal Rights
We don't invest in companies that treat animals as commodities — factory farming, animal testing, exotic skins, entertainment. This isn't a peripheral screen. It's the original premise of the firm: avoiding preventable harm to living things requires taking animal consciousness seriously, not assuming it away.
Palestine & Occupied Territories
We exclude companies that profit from Israel's occupation of Palestinian territories — settlement construction, military technology, surveillance infrastructure, discriminatory resource arrangements. The ICJ ruled this occupation unlawful in 2024. We don't wait for political resolution to stop funding what international law has condemned.
Research Sources
3 organizations
Related Exclusions
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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.
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.