Skip to main content
← All exclusions

Evergy Inc

EVRG

Utilities

3

exclusion reasons

2 themes

Fossil Fuels (2) Environmental Harm (1)
EVRG Utilities Current as of March 2026

Evergy Inc is screened out under 3 exclusion reasons spanning 2 issue categories.

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.

General Fossil Fuels
Since Jan 17, 2019

Evergy operates a generation fleet that is approximately 60% fossil-fueled, primarily coal and natural gas, serving over 1.6 million customers in Kansas and Missouri. In 2023, the company's power plants emitted 6.8 million tons of CO2 equivalent, ranking among the highest-emitting utility fleets in the nation.

The company has been cited for regulatory failures related to its coal operations. In November 2022, the U.S. Environmental Protection Agency reached a settlement with Evergy Kansas Central Inc. over alleged violations of Coal Combustion Residuals (CCR) regulations at its power plants. An external assessment by the Sierra Club in 2025 gave Evergy an "F" grade for a "multi-year backslide" on renewable energy investments and efforts to reduce greenhouse gas emissions, noting the company has retreated from previous climate commitments.

Coal Operations
Since Jan 17, 2019

Evergy operates a generation fleet that remains heavily reliant on coal-fired power plants. As of its 2024 annual report, coal and other solid fuels accounted for approximately 35% of its total megawatt-hour generation. The utility is actively engaged in the coal supply chain, as evidenced by a July 2025 lawsuit in which Evergy sought $55 million in damages from BNSF Railway for failure to deliver coal shipments in 2022.

The company has a documented pattern of non-compliance with environmental regulations governing its coal operations. In November 2022, the U.S. Environmental Protection Agency (EPA) reached a settlement with Evergy Kansas Central Inc. over alleged violations of Coal Combustion Residuals (CCR) rules at multiple facilities. A July 2025 Kansas Corporation Commission document also cited a "bait and switch" position from Evergy regarding planned coal plant retirements in its integrated resource plan. External assessments, including a September 2025 Sierra Club report, have graded Evergy poorly for a "multi-year backslide" on renewable investments and greenhouse gas reduction efforts. Despite public commitments to clean energy, coal remains a material and ongoing part of Evergy's business model.

Environmental Damage
Since Apr 14, 2016

Evergy Inc. operates a generation fleet that is approximately 47% coal-fired, with coal combustion producing toxic coal ash. The company has been cited for environmental violations related to this waste. In 2022, Evergy settled with the U.S. Environmental Protection Agency and the Department of Justice over Clean Air Act violations at its Lawrence Energy Center in Kansas, which included failures to control sulfur dioxide emissions. The company's coal ash management has also drawn regulatory scrutiny for potential groundwater contamination.

The evidence gathered does not specify a singular, major environmental disaster like an oil spill for Evergy. However, the company's ongoing reliance on coal-fired generation and the associated toxic byproducts of combustion constitute documented environmental damage from its operations, falling under this exclusion category. Further evidence of specific contamination incidents or regulatory penalties related to land or water pollution would strengthen this narrative.

Research Sources 1 organization
External

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.

RSS feed No spam · Unsubscribe anytime

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.