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.
Aon settled a lawsuit with an employee who alleged discrimination and harassment under the Americans with Disabilities Act for requiring her to work in-office full-time despite her ADHD.
On April 11, 2011, Aon Corporation agreed to pay $1.76 million to settle SEC charges related to improper payments made by its subsidiaries to secure insurance contracts in Costa Rica and Egypt.
The DOJ required Aon PLC and Willis Towers Watson to divest certain assets to proceed with their $30 billion merger due to antitrust concerns, as announced on June 16, 2021.
Aon PLC agreed to pay over $16 million to resolve charges related to violations of the Foreign Corrupt Practices Act for improper payments to government officials in Ecuador.
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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.
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.