PACKAGING CORP OF AMERICA
PKG
Consumer Discretionary
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.
Class action lawsuit (Case 26CV003725, Sacramento County Superior Court, Feb 2026) alleges Packaging Corporation of America failed to accurately record hours worked, underpaid sick wages, and denied proper meal and rest breaks.
Packaging Corporation of America has multiple NLRB unfair labor practice cases including 27-CA-290833 (Nampa, ID, 2022), 10-CA-358232, and 27-CA-282479. OSHA cited PCA for repeated amputation hazards at its Akron plant — five repeat violations totaling $111,650 for failing lockout/tagout procedures, inadequate machine guarding, and untrained forklift operators. Over 100 OSHA violations were cited across PCA facilities in a five-year period. Pattern of unsafe conditions and suppression of worker voice through multiple ULP charges.
Research Sources
4 organizations
Related Exclusions
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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.