Wolverine World Wide, Inc.
WWW
Consumer Discretionary
1
exclusion reason
1 theme
Wolverine World Wide, 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.
Wolverine World Wide, Inc. is a global footwear manufacturer whose business model is fundamentally dependent on animal exploitation. Its portfolio of brands, including Merrell, Saucony, Sperry, and Hush Puppies, generates approximately $2.2 billion in annual revenue, with a significant portion derived from leather goods. The company’s own 2024 Global Impact Report and Production Code of Conduct acknowledge its reliance on animal-derived materials, stating its expectation that “Production Partners are also expected to protect animal welfare.”
The company is listed on Cruelty Free Investors’ register of “Companies That Exploit Animals.” Ethical Consumer assessments note that brands like Hush Puppies and Keds, owned by Wolverine, “lost marks” due to their use of leather, wool, and down. While the company publishes an animal welfare policy, its core business activity remains the commercial use of animal skins and hides at a massive scale, with no public commitment to phase out animal-derived materials across its supply chain.
Research Sources
1 organization
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.