Sun Communities

Industries Semiconductors and Semiconductor Equipment
Subsidiaries https://www.sec.gov/Archives/edgar/data/912593/000091259314000022/exhibit211listofsubs.htm Sun Outdoors, Creekside Manager LLC, High Point Associates, L.P., Stonebridge Manager LLC, Woodlake Manager LLC
Activism

The biggest 1000 U.S. companies by revenue according to form 10-K.

The biggest 3000 companies in the U.S. in the year of 2025.

CEO Action Pledge

Rating Overview

Risk Rating: Medium

Sun Communities is Medium Risk.

Sun Communities is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Sun Communities implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Medium Risk
Discriminatory Philanthropy Lower Risk
Employment Protection High Risk

Corporate Weaponization

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias High Risk
Funding Lower Risk
Political Actions No Data

Corporate Governance and Public Policy

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization


Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Sun Communities integrates ESG into its business practices. From its 2025 Sustainability Report: “Environmental, social, and governance considerations are further embedded in the Enterprise Risk Management
process, where risks and opportunities are identified, analyzed, and addressed using assessments and
stakeholder feedback” (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Sun Communities does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Sun Communities offers DEI training to its employees (1). The company’s subsidiary, Sun Outdoor, offers unconscious bias training to its employees (2). Sun Communities does not provide viewpoint protections for its employees (3).

Corporate Governance and Public Policy


Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Sun Communities’ CEO, Gary A. signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (1)(2). The company is committed to net zero emissions by 2045 (3). Sun Communities supports DEI within its business practices, employing a DEI Council (4). The company supports DEI within its business practices. From its Inclusion, Diversity, Equity, & Accessibility (IDEA) page: “We’re committed to upholding a culture where inclusion, diversity, equity and accessibility are valued and respected” (5). Sun Communities supports ESG within its business practices. From its 2025 Sustainability Report: “The Board of Directors conducts an annual review of our environmental, social, and governance goals to align them
with enterprise strategy. This oversight is supported by the Nominating and Corporate Governance Committee,
which meets with management throughout the year to monitor progress and emerging needs.
Environmental, social, and governance performance is also reflected in individual leadership goals, reinforcing
accountability for advancing our priorities in ways appropriate to each role” (6).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Sun Communities has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Sun Communities does not operate a PAC or engage in lobbying at this time (1)(2)(3).