Walgreens Boots Alliance, Inc.
WBA
Health Care
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.
Walgreens Boots Alliance, through its Boots UK retail brand, has been flagged by ethical consumer platforms for receiving a bottom score on animal welfare. The company’s supply chain has been linked to animal cruelty allegations. In 2020, PETA’s investigation into the Thai coconut milk supply chain alleged monkey labor abuse, implicating major retailers including Walgreens Boots Alliance. The company faced a shareholder proposal in 2021 concerning animal welfare violations, indicating ongoing investor scrutiny of its policies.
Further litigation highlights operational risks tied to animal welfare. A 2024 class action lawsuit filed in the Eastern District of California, *Navarro et al. v. Walgreens Boots Alliance, Inc.*, includes charges related to animal cruelty. While the full scope of the company’s animal-related exposures across its global pharmacy and retail operations is not fully detailed in public enforcement data, these repeated legal and ethical controversies point to systemic supply chain oversight failures.
Research Sources
1 organization
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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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