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.
World Kinect Corp, formerly World Fuel Services, is a global energy management company whose core business is the marketing and distribution of fossil fuel products. The company generates approximately $36.9 billion in annual revenue from supplying fuel and related services to the aviation, marine, and land transportation industries. This activity places it squarely in the downstream segment of the fossil fuel economy, as it is responsible for the final sale and delivery of petroleum-based fuels to end-users.
The company’s own regulatory filings acknowledge that climate transition policies “could adversely impact the use of petroleum-based fuels,” indicating a direct business model reliance on the continued consumption of fossil fuels. World Kinect is categorized within the Oil & Gas industry by financial data providers, reflecting its fundamental role in the fossil fuel supply chain. There is no public evidence of a company-wide plan to transition its revenue base away from fossil fuel distribution.
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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.
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