10 Best Ethical Companies To Invest In According to Reddit

3. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Investors: 75

Costco Wholesale Corporation (NASDAQ:COST) operates membership-based warehouse clubs and offers a wide range of products from groceries to electronics at competitive prices. The company serves over 138 million cardholders, including 77.4 million paid household members, and continues to expand its footprint through strategic warehouse openings and innovative digital initiatives. Costco Wholesale Corporation (NASDAQ:COST) is known for its ethical business practices, employee well-being through industry-leading wages, and sustainability efforts in reducing waste, sourcing responsibly, and maintaining transparent supplier practices.

Costco Wholesale Corporation (NASDAQ:COST) is focusing on expanding its warehouse network to reach more members and enhance the shopping experience. In the first quarter of fiscal 2025, the company opened seven new warehouses, including four outside the U.S., and plans to open 29 more throughout the fiscal year, with 10 of those in international markets. This strategic expansion is driven by a focus on both urban and suburban areas to ensure that the company’s unique value proposition is accessible to a broader base of consumers.

Costco Wholesale Corporation (NASDAQ:COST) is continuously looking for ways to enhance the value proposition for its members. The company recently introduced new services and features, such as prescription inventory management software in the Pharmacy and the ability to deliver prescriptions via Instacart. Costco Wholesale Corporation (NASDAQ:COST) is also investing in its digital capabilities and making enhancements to the Costco app, such as the ability to check warehouse inventory, which resonates well with members and drives engagement and loyalty.