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ZEBRA TECHNOLOGIES CORP

ZBRA

Information Technology

1

exclusion reason

1 theme

Surveillance Capitalism (1)
ZBRA Information Technology Current as of April 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.

Surveillance Technology
Since Apr 1, 2026

Zebra Technologies manufactures Real-Time Location Systems (RTLS) and RFID technology explicitly marketed for continuous physical tracking of workers. Acquisition of Reflexis Systems normalizes invasive workforce surveillance. Civil liberties organizations have documented deployment of Zebra RFID to monitor students in educational settings, raising profound concerns about normalization of human tracking.

Source:
zebra.com ↗

Related Issues

Surveillance Capitalism

Surveillance capitalism is extraction without consent — behavioral data harvested from people whose agreement was buried in terms they couldn't negotiate and can't revoke. We exclude companies whose revenue depends on this, and hold a high bar for any tech company where surveillance is a meaningful input. Until users can control, audit, and delete their data, this stays a core exclusion.

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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.