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.
MISC is assessed under the emissions exclusion category for its outsized greenhouse gas footprint relative to sector peers. The available evidence does not provide specific quantitative data on MISC's emissions intensity, reduction targets, or governance. This gap prevents a detailed, fact-based narrative comparing its carbon performance to industry benchmarks or evaluating its management of climate-related risks. Without concrete metrics on emissions, enforcement history, or leadership accountability, the specific grounds for exclusion under this code cannot be substantiated in the required narrative format.
Research Sources
1 organization
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.