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Yum! Brands, Inc.

YUM

Consumer Discretionary

2

exclusion reasons

2 themes

Labor Rights (1) Criminal Justice (1)
YUM Consumer Discretionary Current as of March 2026

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.

Worker Exploitation
Since Mar 8, 2026

KFC implicated in 2023 class-action lawsuit alleging use of incarcerated labor under exploitative conditions.

For-Profit Prisons
Since Feb 8, 2024

Yum! Brands, Inc., the parent company of KFC, Taco Bell, and Pizza Hut, has been identified as a purchaser of goods produced using prison labor. According to the American Friends Service Committee, KFC, a Yum! Brands subsidiary, sources products made by incarcerated workers. The company has also been cited as a financier of the private prison industry. While the exact scale of this involvement is not detailed in public disclosures, the use of prison labor in its supply chain and financial ties to major private prison operators CoreCivic and GEO Group place the company within the prison industrial complex.

Research Sources 2 organizations

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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.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.