Target Corporation
TGT
Consumer Staples
2
exclusion reasons
2 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.
ASPI "Uyghurs for Sale" (2020) implicates Target in Uyghur forced labor supply chains. ABC/ASPI investigations flagged Target as at risk of using forced labour in textiles and consumer goods. Massive UFLPA exposure given heavy reliance on Chinese manufacturing. Listed among retailers that failed to adequately disclose supply chain due diligence.
Target's 2013 data breach exposed 40M+ credit cards and 110M customer records. Settlements: $39.3M federal class action (banks), $18.5M multi-state AG settlement (47 states), $67M Visa settlement, $10M customer settlement. $71M+ per ViolationTracker. Pattern of inadequate data security governance.
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.