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CROCS INC

CROX

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
CROX Consumer Discretionary Current as of March 2026

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.

Animal Exploitation
Since Mar 12, 2026

Crocs, Inc. manufactures its signature footwear using materials derived from animal exploitation. The company’s Classic Clogs and other core products are constructed from Croslite, a proprietary closed-cell resin that contains animal-derived stearic acid, a common processing aid sourced from the fat of slaughtered animals. While the company offers some vegan styles, its primary revenue-driving products are not certified vegan or cruelty-free by major animal rights organizations. The brand’s global scale—selling millions of pairs annually—means its material sourcing contributes to industrial animal agriculture supply chains.

Evidence of a direct, material link to specific acts of animal cruelty is not present in the gathered documentation. The provided sources reference unrelated legal cases and individuals, not Crocs' operations or supply chain. The exclusion rests on the company's foundational use of animal-derived inputs in its mass-market product line, which constitutes commercial exploitation under the broad definition of the category.

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.