Better Health for All

Eltek Ltd. manufactures printed circuit boards (PCBs) which are components used in various applications, including medical devices such as imaging, surgical equipment, patient monitoring, and implantable/wearable devices.

As PCBs are components, their direct health effect is neutral. One of Eltek's factories holds ISO 13485 (Medical) certification, and the company received $1.1 million in orders from three US medical device customers in 2015/2016. Eltek Holding AS, the parent company, publishes a Transparency Act report on its website. Dynea, a subsidiary of Eltek Holding AS, has a privacy policy. Dynea also notes that the extraction of raw materials upstream in its supply chain poses potential risks of pollution impacting local ecosystems and community health. Additionally, Eltek received a notification of intent to impose a penalty of approximately $0.6 million for an alleged breach of the Clean Air Law during 2019-2020. Dynea has a Health, Safety, Environment, and Quality (HSEQ) policy. Eltek holds ISO 14001:2015 certification for environmental management and ISO 45001 for occupational health and safety management.

Fair Pay & Worker Respect

In November 2011, over one-third of employees in Israel joined the Histadrut (General Federation of Labor in Israel) and established a union committee.

However, in 2012, a significant portion of these employees resigned, leading the Histadrut to cease representing them, indicating very low current union coverage. Between November 2015 and March 2019, four former employees filed lawsuits seeking approximately $900,000 in additional payments related to their employment and termination, with one court decision provided in August 2018 and subsequent appeals. The company recorded a provision for these claims. The company contributes between 6.5% to 7.5% of base salaries to employee pension plans and 7.5% to life insurance policies. Additionally, it contributes 8.33% of base salaries to pension funds or life insurance policies to cover severance pay liability. Israeli employers are also required to contribute 7.5% of salary to the National Insurance Institute, which includes a 5% component for national health insurance from the employee's 12% contribution.

Kind to Animals

Eltek Ltd. is a manufacturer of printed circuit boards (PCBs).

The company has no animal exploitation, animal-derived products, or animal testing activities. Therefore, all KPIs related to cruelty-free certification, alternative testing, humane operations, ethical input substitution, supplier audits for welfare, cage-free sourcing, animal testing policy and volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to its core business model.

No War, No Weapons

Eltek Ltd. received $12.2 million in purchase orders from a U.S. defense customer and $2.4 million in orders from an Israeli defense company for PCB components.

With a market capitalization of $57 million, these defense orders represent approximately 25.61% of the company's valuation. The company's due diligence process for conflict minerals is based on the OECD Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. In 2024, 100% of five surveyed suppliers responded to conflict minerals inquiries, covering over 95% of product material expenditure, but the company still cannot determine the country of origin of the conflict minerals. Eltek's Supplier Code of Conduct, last modified in May 2020, states that suppliers will ensure minerals are sourced from conflict-free zones. The company references the United Nations Global Compact, indicating support in principle.

Respect for Cultures & Communities

The provided articles, including the company's annual report, do not contain any specific, concrete data points or factual evidence related to Eltek Ltd.'s performance on the ethical value of "Respect for Cultures & Communities." The annual report explicitly notes a "Lack of specific data on cultural impact assessments, community engagement, FPIC participation, local employment, grievance mechanisms, cultural preservation investments, local procurement, indigenous suppliers, cultural site protection, social license to operate, charitable giving, community fund allocation, and language inclusivity."

Other articles focus on financial performance or career opportunities, or are not relevant to ELTK.US. Therefore, no KPIs can be scored based on the available evidence.

Zero Waste & Sustainable Products

Eltek demonstrates compliance with hazardous waste regulations, including RoHS and REACH, with the content of Substances of Very High Concern (SVHC) below 0.1%.

The company has not reported any waste disposal violations in the past three years. Eltek requires its main suppliers to adhere to a documented environmental policy and follow guidelines for prohibited and restricted substances. The company provides customers with information on the safe and environmentally conscious use of its products and instructions for the collection and recycling of equipment sold within the European Union (WEEE compliance). Eltek India also operates an e-waste management program with collection centers and a toll-free number for customer inquiries. Eltek develops long-life, high-efficiency products. The company designs and develops products and processes that make more efficient use of energy. Eltek has redesigned packaging to reduce volume and weight, leading to a 40% reduction in freight costs.