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IRON MOUNTAIN INC

IRM

Real Estate

5

exclusion reasons

3 themes

Corporate Misconduct (3) Labor Rights (1) Environmental Harm (1)
IRM Real Estate 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.

Anti-Union Activity
Since Mar 8, 2026

Iron Mountain Records Management was involved in a union representation case (NLRB Case No. 01-RC-022358) with petitioner union at their Fontana, CA facility.

Workplace Discrimination
Since Mar 8, 2026

The EEOC sued Iron Mountain Energy and Bigfoot Energy Services for widespread racial and sexual harassment and retaliation against workers who complained.

Environmental Damage
Since Mar 8, 2026

Iron Mountain Inc. agreed to pay $1.5 million in penalties and spend $2 million on environmental projects to settle alleged violations of hazardous waste management regulations at its facilities in 14 states.

Community Harm
Since Mar 8, 2026

Iron Mountain paid $44.5 million to settle allegations under the False Claims Act that it overcharged federal agencies for record storage services.

Corruption & Fraud
Since Mar 8, 2026

Iron Mountain Incorporated and Iron Mountain Information Management LLC paid $44.5 million to resolve allegations under the False Claims Act that they overcharged federal agencies for record storage.

Research Sources 4 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.