Dow Inc.
DOW
Materials
2
exclusion reasons
2 themes
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.
Dow Inc. discloses spending millions annually on lobbying expenses and political contributions. Its influence extends through memberships in industry associations like the American Chemistry Council, which actively opposes stricter chemical safety rules and climate legislation.
Dow has been a lead opponent of the EPA's efforts to regulate per- and polyfluoroalkyl substances (PFAS), a class of "forever chemicals" for which it is a major manufacturer. The company lobbied extensively against the designation of PFAS as hazardous substances under the Superfund law, a classification that would increase cleanup liability and regulatory oversight for producers.
DOJ/EPA/FWS — Dow Inc. (DOW); Tittabawassee River Superfund site; legacy dioxin contamination from Midland, MI manufacturing operations flowing into Saginaw Bay and Lake Huron; EPA Administrative Order on Consent for site investigation and remediation; NRDA settlement 2019, $54.2M in past administrative costs applied 2023; floodplain and river sediments contaminated across 50+ miles downstream
Research Sources
8 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.