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.
XPO Logistics is a global transportation and freight company that derives revenue from the commercial shipment of animal-based food products. The company is listed by Cruelty Free Investors for exploiting animals, specifically for transporting animals and animal products as part of its logistics operations.
On June 5, 2024, the Sacramento County District Attorney announced the resolution of a civil suit against XPO, Inc. for animal cruelty, among other violations. The company agreed to pay $7.9 million as part of the settlement. This enforcement action documents a pattern of regulatory failures directly related to the treatment of animals within its supply chain.
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Related Exclusions
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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.