NEWELL BRANDS INC
NWL
Consumer Staples
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.
Newell Brands owns the Coleman brand, which manufactures and sells camping equipment including portable propane-powered grills designed for outdoor cooking. While the company’s primary business is in consumer goods, its product portfolio includes equipment that facilitates the commercial-scale exploitation of animals.
The evidence gathered references undercover investigations documenting systemic animal cruelty at dairy operations, specifically Fair Oaks Farms. However, no direct link was established between these documented abuses and Newell Brands' operations or supply chain. The available sources do not provide evidence that Newell Brands manufactures equipment specifically designed for large-scale animal harm, nor do they connect the company to the dairy or meat supply chains implicated in the investigations.
Research Sources
2 organizations
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.