Pitney Bowes Inc.
PBI
Industrials
5
exclusion reasons
2 themes
Pitney Bowes Inc. is screened out under 5 exclusion reasons spanning 2 issue categories.
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. It is a statement of values.
In October 2023, the U.S. Department of Labor's OFCCP settled with Pitney Bowes over race-based hiring discrimination. The company discriminated against Black, Hispanic, and White applicants for mail-sorting positions at five facilities (Iowa, Pennsylvania, Texas, Wisconsin) between May 2019 and May 2021, violating Executive Order 11246. Pitney Bowes paid $1.59 million in back wages and interest and was required to extend 106 job offers to affected applicants across a pool of 468 individuals.
Pitney Bowes was involved in an antitrust dispute with the Presort Operations Association, resolved in October 2025. The case concerned anticompetitive practices in the postal presort industry.
Pitney Bowes Inc. provides financial solutions to MBR Acres Ltd, a commercial dog breeding facility in the United Kingdom that supplies approximately 2,000 beagles annually for use in animal testing laboratories. By extending financial services to this business, Pitney Bowes facilitates the breeding of dogs specifically for research and testing purposes. This constitutes funding and commissioning animal testing activity within the scope of the exclusion policy, which includes companies that provide material support to operations whose primary purpose is animal testing.
Pitney Bowes provides financial services to MBR Acres Ltd, a commercial dog breeding facility in the United Kingdom that supplies approximately 2,000 beagles per year to animal testing laboratories. The company’s financial solutions directly support this breeding operation, which animal welfare organizations have documented as maintaining dogs in deplorable conditions for the purpose of laboratory experimentation. This business relationship places Pitney Bowes within the supply chain of animal exploitation for research.
Research Sources
8 organizations
Related Exclusions
Wondering what we do invest in?
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.