Krispy Kreme Inc
DNUT
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.
Krispy Kreme Inc. is a global doughnut and sweet treat brand whose core products rely on animal-derived ingredients, including eggs, milk, and butter. The company's supply chain is implicated in industrial animal agriculture systems. In a 2025 global investigation by Animal Equality, which included farms across 37 countries, widespread animal abuse and major public health risks were documented within egg supply chains; such large-scale investigations routinely link major food brands to these systemic welfare issues.
The company has been specifically named by animal welfare organizations, including People for the Ethical Treatment of Animals (PETA), in campaigns targeting businesses with outdated animal welfare policies. While some global restaurant chains have committed to banning cages for hens in their supply chains worldwide, Krispy Kreme has not made a comparable, publicly verifiable commitment to eliminate cage-free or crate-free sourcing across its global operations. This absence of a clear, time-bound policy for transitioning to higher-welfare ingredient sourcing places the company behind peers who are addressing this aspect of animal exploitation.
Research Sources
1 organization
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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.
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