MATTEL INC
MAT
Consumer Discretionary
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.
Mattel has an ongoing pattern of product safety failures resulting in serious consumer harm. In October 2024, Fisher-Price (Mattel subsidiary) recalled 2.1 million Snuga Infant Swings after five infant deaths from suffocation between 2012-2022. CPSC Commissioner Trumka publicly criticized the recall as inadequate, noting the product was not fully recalled and only a $25 refund was offered on a $160 product. Additional 2024-2025 CPSC recalls include Fisher-Price Baby Biceps choking hazard (2024) and Fisher-Price Brunch & Go Stroller Toy choking hazard (2025). Historical pattern includes the 2007 lead paint recalls affecting millions of toys. The ongoing nature of serious safety failures — including infant deaths — across nearly two decades demonstrates systemic product safety governance failures.
Research Sources
1 organization
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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.
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