Adtalem Global Education Inc.
ATGE
Consumer Staples
3
exclusion reasons
2 themes
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.
Successor to Adtalem; history of DOE misrepresentation findings and ~19,000 borrower defense claims via its DeVry subsidiary. Department of Education $415M borrower defense discharge (February 2022) for systemic misrepresentation of graduate outcomes. [3]
Excluded under ECIC's animal exploitation policy. This company's commercial operations involve the production, processing, or sale of animal-derived products. This is a policy-based exclusion; company-specific evidence is scheduled for enrichment in Q2/Q3 2026.
Excluded under ECIC's animal testing policy. This company conducts or commissions preclinical animal testing as part of its product development program. For pharmaceutical and biotechnology companies, such testing is typically required by FDA regulations as a prerequisite to human clinical trials. This is a policy-based exclusion; company-specific evidence is scheduled for enrichment in Q2/Q3 2026.
Research Sources
4 organizations
Related Exclusions
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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.
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