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Kellogg Company

K

Consumer Staples

1

exclusion reason

1 theme

Environmental Harm (1)
K Consumer Staples 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.

Climate Intransigence
Since Mar 12, 2026

Kellogg Company’s climate commitments and disclosures have been assessed as misaligned with credible climate action benchmarks. The company’s targets, including a past goal of a 15% reduction in emissions intensity per tonne of food produced by 2020 from a 2015 baseline, have been criticized for lacking the ambition and scope required to meet the Paris Agreement goals. A 2022 study of major corporate climate targets found many, including Kellogg’s, were failing to meet their own stated goals and exaggerating progress. The company’s climate strategy has been cited as an example of greenwashing risk, with external analysis noting that corporate net-zero advocates have misconstrued international energy agency scenarios to justify continued high emissions. While Kellogg acknowledges climate risks to its agricultural supply chain and has set emissions reduction targets, its historical and planned pace of decarbonization, coupled with a reliance on intensity-based metrics that allow for absolute emissions to rise with production, constitutes a pattern of insufficient climate governance and misleading communication to stakeholders.

Research Sources 1 organization
Climate Transition Pathway
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.