Campbell Soup Company
CPB
Consumer Staples
1
exclusion reason
1 theme
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.
Campbell Soup Company has set science-based greenhouse gas reduction targets, but its operational record reveals a significant disconnect between stated climate ambitions and environmental compliance. The company recently admitted to violating the Clean Water Act at least 5,400 times between April 2018 and December 2024 at its Napoleon, Ohio facility, with wastewater discharges exceeding pollution limits for phosphorus and other contaminants flowing into the Maumee River. This pattern of regulatory non-compliance, which led to a lawsuit by the U.S. Department of Justice, demonstrates a failure to implement the operational controls necessary to meet its broader environmental and climate commitments.
Research Sources
1 organization
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.