Norfolk Southern Corporation
NSC
Industrials
2
exclusion reasons
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.
DOJ/EPA consent decree for East Palestine, OH toxic train derailment (Feb 2023); >$310M total settlement including community relief, environmental monitoring, and remediation of contaminated soil and water; vinyl chloride and multiple hazardous materials released into Sulphur Run creek; among the largest environmental enforcement actions against a railroad in US history
DOJ/EPA East Palestine consent decree; $15M Clean Water Act civil penalty for discharge of hazardous materials into Sulphur Run, Leslie Run, and Ohio River tributaries following Feb 2023 derailment; consent decree also requires long-term groundwater monitoring and water quality testing for affected communities; part of >$310M total settlement
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.