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.
Iino Kaiun Kaisha, a Japanese shipping company, has not established a public climate transition plan aligned with the Paris Agreement. The company does not disclose a Science Based Targets initiative (SBTi) commitment, nor does it publish a comprehensive net-zero target covering its operational and value chain emissions. While the shipping industry faces significant decarbonization challenges, Iino Kaiun Kaisha has not demonstrated leadership by setting time-bound, quantitative targets for reducing its greenhouse gas emissions intensity. This absence of a credible, public climate strategy indicates a lack of preparedness for the low-carbon transition and fails to meet investor expectations for climate risk management.
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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.