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Tandy Leather Factory, Inc.

TLF

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
TLF Consumer Discretionary Current as of March 2026

Tandy Leather Factory, Inc. is screened out under 1 exclusion reason spanning 1 issue category.

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.

Animal Exploitation
Since Jul 28, 2021

Tandy Leather Factory, Inc. is one of the world's largest specialty retailers of leather and leathercraft-related items. Its core business model is built on the commercial exploitation of animals for their hides, deriving revenue from the sale of leather, tools, dyes, and kits for processing animal skins. The company operates retail stores, an e-commerce platform, and a wholesale division, all centered on animal-derived materials.

In March 2011, the company withdrew from a major investor conference, citing threats from animal rights activists who protested its business. A press release from the period noted the company was targeted due to what activists termed the "abuse of animals" inherent in the leather industry. This public recognition of activist pressure highlights the direct link between its commercial operations and animal exploitation.

Research Sources 1 organization
Cruelty Free Investors
External

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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.