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COCA-COLA EUROPACIFIC PARTNERS PLC

CCEP

Consumer Staples

1

exclusion reason

1 theme

Animal Welfare (1)
CCEP Consumer Staples Current as of March 2026

COCA-COLA EUROPACIFIC PARTNERS PLC is screened out under 1 exclusion reason spanning 1 issue category.

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.

Animal Exploitation
Since Jan 3, 2022

Coca-Cola Europacific Partners PLC (CCEP) is a major bottler and distributor of Coca-Cola products, including Fairlife-branded dairy beverages. Fairlife sources milk from a network of dairy farms, an industry reliant on the continuous impregnation of cows and the separation of calves from their mothers to harvest milk. In 2019, an Animal Recovery Mission investigation revealed systemic abuse at Fairlife supplier farms, including footage of calves being kicked, dragged, and violently handled. This evidence directly contradicted public marketing claims about industry-leading animal welfare.

Following the investigation, a class action lawsuit alleged Coca-Cola and Fairlife had misled consumers about their animal welfare standards. In 2020, a $21 million settlement was reached, holding the companies accountable for these deceptive claims. As recently as February 2026, litigation continued regarding the use of Fairlife’s name and logo in marketing that allegedly misrepresented conditions at its supplier facilities. The company’s core dairy product line remains fundamentally tied to industrial animal agriculture systems.

Research Sources 1 organization
Cruelty Free Investors
External

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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.