FASTENAL CO
FAST
Industrials
2
exclusion reasons
2 themes
FASTENAL CO is screened out under 2 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.
Sustained pattern of workplace safety and labor violations. ViolationTracker documents 35 separate records including a $6.25 million False Claims Act settlement and over $10 million in wage and hour violations. Recent 2024/2025 OSHA inspections have resulted in repeated penalties for safety failures.
Pattern of employment discrimination documented across multiple enforcement actions in ViolationTracker records.
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.