Skip to main content
← All exclusions

Yum China Holdings, Inc.

YUMC

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
YUMC Health Care 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.

Meat, Dairy & Eggs
Since Jul 28, 2021

Yum China Holdings, Inc. operates KFC, Pizza Hut, and Taco Bell restaurants in mainland China, deriving its revenue primarily from the sale of meat, dairy, and egg products. The company is listed by Cruelty Free Investors as a commercial exploiter of animals under the "Meat/Dairy/Eggs" category. While Yum China publishes Animal Welfare Policies and states it conducts related training, its core business model remains dependent on large-scale animal agriculture. The company operates over 14,000 restaurants in China, with KFC as its largest brand, making animal-derived products central to its operations.

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.