Terex Corporation
TEX
Industrials
4
exclusion reasons
3 themes
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.
Terex Corporation, through its subsidiary Amida Industries, manufactures and supplies construction equipment used in Israeli settlements built on occupied Palestinian territory. The company is listed in the Who Profits database as providing specialized equipment and services that support the settlement enterprise in the occupied West Bank and occupied East Jerusalem. A 2021 report by AFSC Investigate and other organizations identified Terex among companies receiving European financial support while involved in listed activities that raise particular human rights concerns in the Occupied Palestinian Territory.
Terex Corporation manufactures heavy equipment used in the extraction, processing, and transportation of fossil fuels. Its product lines include mobile cranes, crushers, and material handlers that are integral to mining, quarrying, and oil and gas operations. The company’s own operations are heavily dependent on fossil fuel combustion, with its CDP disclosures consistently reporting that diesel, gasoline, natural gas, and residual fuel oil constitute the majority of its energy supply for Scope 1 and 2 emissions.
The company’s historical acquisition of the Terex Mining equipment business for $1 billion solidified its role in the fossil fuel supply chain, providing machinery for extracting coal and minerals. Terex continues to develop and market equipment for drilling projects and port operations powered by fossil fuels. While the company’s sustainability report notes efforts to reduce its operational footprint, its core business model remains tied to manufacturing equipment for extractive industries that enable continued fossil fuel dependence.
Terex Corporation manufactures heavy equipment used in the extraction and processing of fossil fuels. Its product lines include mobile crushing and screening plants for mining and quarrying, as well as cranes and lifting equipment used in oilfield and pipeline construction. While the company does not directly extract or transport fossil fuels, its machinery is integral to the upstream and midstream operations of the industry.
The company’s own climate disclosure acknowledges that most of its energy supply involves fossil fuel combustion. Terex has announced some initiatives to use renewable energy credits at certain manufacturing sites and to develop more sustainable utility equipment. However, there is no evidence the company has committed to phasing out its core business lines that serve fossil fuel operators, nor has it set a Science Based Targets initiative goal to reduce its Scope 3 emissions, which would encompass the downstream use of its equipment.
Terex Corporation manufactures heavy equipment for construction, materials processing, and utilities, including compactors, crushers, and screeners used in mining, quarrying, and landfill operations. These industrial activities are directly linked to documented environmental damage, including soil contamination, habitat destruction, and water pollution from site runoff and spill incidents.
The company’s own regulatory disclosures acknowledge ongoing environmental liabilities. Its 2025 Form 10-K states that operations are subject to environmental laws concerning the “discharge of pollutants into the air and water” and the “generation, handling, storage, transportation and disposal of waste materials and other hazardous materials,” noting that violations could result in “fines or penalties and to civil and criminal liability.” Oklahoma Department of Environmental Quality records from June 2025 list a CMI Terex Corporation facility as receiving an operating permit, indicating active regulatory oversight of its industrial site.
While Terex publishes sustainability reports highlighting efficiency goals, its core business model remains tied to supplying machinery for extractive and waste management industries that inherently carry risks of ecological damage. The company has not disclosed a systemic program to remediate or mitigate the downstream environmental impact of its equipment’s use at customer sites.
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