SIMON PROPERTY GROUP INC
SPG
Real Estate
4
exclusion reasons
2 themes
SIMON PROPERTY GROUP INC is screened out under 4 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.
Simon Property Group Inc., a real estate investment trust and the largest owner of shopping malls in the United States, derives revenue from tenants that commercially exploit animals. The company's extensive retail portfolio includes tenants engaged in the sale of animal-derived products, such as fur, leather, and meat, as well as retailers that conduct or commission animal testing for cosmetics or other goods. As a landlord, the company profits from these activities through lease agreements.
Available evidence indicates the company has been flagged by third-party screening services, including Cruelty Free Investors, for its involvement with animal exploitation. A 2006 proxy filing shows the company was subject to a shareholder proposal regarding the establishment of new animal welfare policies and the monitoring of external animal testing compliance, suggesting investor concern over the issue. However, the specific scale and materiality of this revenue stream within Simon Property Group's overall operations cannot be precisely determined from the gathered evidence.
Simon Property Group was involved in a 2015 $20 million billing fraud scheme at one of its properties.
Simon Property Group counterclaimed for a declaratory judgment that Cottonwood Mall is its private property, disputing public access rights.
Simon Property Group Inc. was involved in an employment discrimination case in 2011, resulting in a $125,000 settlement with the EEOC.
Research Sources
4 organizations
Related Exclusions
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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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.