ConAgra Brands, Inc.
CAG
Consumer Staples
2
exclusion reasons
2 themes
ConAgra Brands, Inc. is screened out under 2 exclusion reasons spanning 2 issue categories.
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. It is a statement of values.
Conagra Brands operates a large-scale food manufacturing and processing business with significant greenhouse gas emissions from its operations. In 2022, the company reported 418,751 metric tonnes of Scope 1 emissions and 379,032 tonnes of Scope 2 emissions, with total emissions exceeding 0.8 million tonnes of CO2 equivalent annually. Its stated commitment is to reduce absolute Scope 1 and 2 emissions by 25% by 2030 from a 2020 base year.
The company has a documented pattern of air quality violations at its facilities. In September 2023, Conagra Brands agreed to a $1.25 million penalty and was required to spend at least $7 million on a supplemental environmental project after the Minnesota Pollution Control Agency confirmed repeated air quality violations at its Waseca, Minnesota plant. This follows a history of environmental penalties, including a 2010 EPA violation.
While Conagra publishes sustainability reports with third-party assurance and has set emissions reduction targets, its recent regulatory enforcement record indicates ongoing operational failures in emissions management. The scale of its manufacturing footprint and the recency of significant air quality penalties place its emissions performance and governance under continued scrutiny relative to sector peers.
Excluded under our animal exploitation screen based on the company's commercial activities involving animals. This is a policy-based exclusion — identified through screening by Cruelty Free Investors and/or internal research.
Prior pipeline note: ConAgra Brands, Inc. is a major packaged foods company whose product portfolio includes significant processed meat offerings, such as its Armour, Hebrew National, and Swift brands. This commercial production and sale of animal meat products constitutes its core revenue line.
No specific evidence of
Research Sources
2 organizations
Related Exclusions
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.