Pitney Bowes Inc.
PBI
Industrials
2
exclusion reasons
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.
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.
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.
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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.