PULTEGROUP INC
PHM
Industrials
3
exclusion reasons
3 themes
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.
PulteGroup terminated a former employee following an internal investigation into their use of multiple anonymous Twitter accounts to attack members of the company’s founding family. A subsequent shareholder lawsuit, filed in May 2023, sought the full release of the investigative documents, alleging a need for transparency regarding the company’s handling of the matter. The company’s public statements confirm the misconduct involved the systematic use of false online personas to propagate attacks.
PulteGroup faces multiple active lawsuits alleging systemic racial discrimination against Black employees, with plaintiffs citing unequal pay and promotion opportunities, hostile work environment conditions, and at least one incident in which a company executive allegedly displayed a noose during a work meeting. The suits allege violations of Michigan's Elliott-Larsen Civil Rights Act and describe the incidents not as isolated occurrences but as evidence of a company-wide pattern. PulteGroup denies the allegations and points to the formation of a Diversity Board in 2020 as evidence of corrective intent, but plaintiffs contend the board's actions have not addressed the underlying discriminatory practices. Violation Tracker records 3 employment-related offense records against PulteGroup totaling $536,420.
PulteGroup has accumulated 30 regulatory violations for workplace safety or health offenses since 2000, resulting in $545,106 in penalties according to Violation Tracker (Good Jobs First). The 83 total regulatory records span safety, environmental, consumer protection, and wage violations, with safety-related offenses representing a persistent pattern across the company's construction operations.
Research Sources
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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.
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