ILLINOIS TOOL WORKS INC
ITW
Industrials
1
exclusion reason
1 theme
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.
ViolationTracker documents 76 penalty records against Illinois Tool Works totaling over $6.1 million. OSHA has cited the company for 49 workplace safety violations totaling $628,000 across its manufacturing operations. The Hobart Service subsidiary settled a $4.2 million wage theft class action in 2018. On the environmental side, ITW has accumulated 13 environmental violations and 6 air pollution violations, including a $345,000 EPA penalty in 2021. The Bureau of Industry and Security has also cited ITW for export control violations. The breadth across safety, wage, environmental, and export enforcement — spanning multiple subsidiaries and multiple agencies — reflects a company-wide governance deficit in operational compliance.
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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.
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