Spire Inc is screened out under 1 exclusion reason spanning 1 issue category.
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. It is a statement of values.
Spire Inc. is a natural gas distribution utility serving approximately 1.7 million customers across Alabama, Mississippi, and Missouri. Its core business is the delivery of natural gas to residential, commercial, and industrial end-users through its regulated local distribution companies. The company's operations are centered on natural gas infrastructure, with no announced plan to phase out its gas distribution business in favor of renewable energy alternatives.
The company actively promotes natural gas consumption through customer rebates for gas appliances and financing for gas equipment installations. Spire's public sustainability materials emphasize "efficient" natural gas use and the exploration of renewable natural gas and hydrogen blending, rather than committing to a full transition away from fossil gas infrastructure.
Research Sources
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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.
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