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VULCAN MATERIALS CO

VMC

Materials

2

exclusion reasons

2 themes

Environmental Harm (1) Labor Rights (1)
VMC Materials Current as of April 2026

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.

Environmental Damage
Since Mar 8, 2026

ViolationTracker documents $4.8 million in penalties against Vulcan Materials across 150 enforcement records since 2000, including 36 environmental-related offenses totaling $3.1 million in fines.

In December 2023, the Bay Area Air Quality Management District fined Vulcan Materials $228,000 for air quality violations at its facility, including 128 public complaints about burning asphalt or tar odors over four days in June and July 2021, a failed source test, and exceeding nitrogen oxide limits for 35 consecutive days. In Georgia, the EPA documented unpermitted point-source discharges from Vulcan's Forest Park quarry, where waste material from process wastewater ponds breached a sediment barrier and encroached on the Flint River — a discharge not identified in any NPDES permits or applications. The pattern — air quality violations in California, unpermitted water discharges in Georgia, and cumulative penalties across multiple states — reflects recurring compliance failures at the company's aggregate quarry operations.

Anti-Union Activity
Since Mar 8, 2026

Eight Teamsters Local 104 mining vehicle operators at Vulcan Materials' Arizona quarries (the "Vulcan 8") worked under an expired CBA for over a year while the company demanded pension elimination, up to $464/month health cost increases, $2.60/hr wage cuts, reduced safety rest periods, and unlimited right to replace workers with subcontractors or autonomous vehicles. 38 Arizona state legislators wrote to Vulcan raising concerns. Workers unanimously authorized a strike in Jun 2022. NLRB case 28-CA-274764 documents unfair labor practices. Settlement reached Aug 2022 after two-year fight.

Research Sources 5 organizations

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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.

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.