Enovix Corporation.
ENVX.US | Manufacture of batteries and accumulators
Enovix Corporation designs, develops, and manufactures advanced silicon-anode lithium-ion batteries. Their batteries are designed for use in mobile computing devices, such as laptops and tablets, as well as in other applications like electric vehicles and energy storage systems. The company focuses ...Show More
Better Health for All
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No information was found in the provided articles regarding Enovix Corporation (ENVX.US) that is relevant to the 'Better Health for All' ethical value or any of its associated KPIs. The articles either pertained to a different company (Enefit Green)
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or returned a 404 error, indicating no content was available.
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Fair Money & Economic Opportunity
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Enovix Corporation is a battery manufacturer, not a financial institution.
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The company does not offer lending, deposit, or other financial services to consumers.
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Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (in a financial context), data accessibility (for financial data), fair lending compliance, wealth building outcomes (for customers), financial literacy initiatives (for the public), debt burden ratio, geographic inclusion (for banking services), and product simplicity (for financial products), are not applicable to its core business model.
Fair Pay & Worker Respect
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No evidence available to assess Enovix Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific quantitative data was provided in the articles to assess the company against the 'Fair Trade & Ethical Sourcing' KPIs. While the 2023 Sustainability Report mentions a human rights policy aligned with the Responsible Business Alliance (RBA), including prohibitions on forced labor and child labor, and a conflict minerals policy requiring suppliers to submit questionnaires and take corrective action, these are statements of policy and intent, not concrete, quantifiable outcomes or metrics required by the rubric for scoring KPIs such as substantiated incidents, share of high-risk spend, or audit frequency.
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Honest & Fair Business
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Enovix maintains a formal whistleblower policy under the Chief Compliance Officer, offering an anonymous ethics reporting hotline through a third-party vendor, and strictly prohibiting retaliation.
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The company has a Clawback Policy, effective October 2, 2023, which requires executives to reimburse or forfeit incentive-based compensation if an accounting restatement is needed due to material noncompliance.
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Approximately 1.3 million shares were erroneously issued to former executives in Q3 2023 but were subsequently recovered.
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The company also reported several late Form 4 filings for delinquent Section 16(a) reports.
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Five out of seven board members are deemed independent under Nasdaq rules.
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The company is subject to anti-corruption, anti-bribery, anti-money laundering, import and export controls, financial and economic sanctions laws.
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Its Supplier Code of Conduct requires suppliers to comply with the U.S. Foreign Corrupt Practices Act, the UK Bribery Act, and other applicable anti-bribery laws.
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The 2022 energy use data and greenhouse gas emissions for its Fremont factory (Fab1) were verified by a third party.
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The company also uses third-party service providers to identify, assess, and manage cybersecurity risks.
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Kind to Animals
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Enovix Corporation manufactures silicon-anode lithium-ion batteries, a business model that does not involve animal husbandry, animal agriculture, or animal-derived ingredients.
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The company's products are not typically subject to cruelty-free certification or animal testing.
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Consequently, several KPIs related to these activities are not applicable to Enovix's operations. The provided articles, including the company's 2023 Sustainability Report, do not contain any evidence of animal-related operations, animal testing, animal-derived inputs, or specific wildlife conservation initiatives with measurable biodiversity impact.
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No War, No Weapons
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The provided articles, a press release and the company's website, do not contain any specific, concrete data points or information relevant to the 'No War, No Weapons' ethical value.
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There is no evidence regarding revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investments, or any other related KPIs.
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Therefore, no KPIs can be scored based on the evidence provided.
Planet-Friendly Business
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Enovix Corporation anticipates publishing metrics and greenhouse gas emissions in a forthcoming disclosure, but no current data is available.
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The company also plans to commission a Climate Scenario Analysis and publish a TCFD Index in 2023, but this data is not yet available.
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The provided information lacks specific, quantifiable data points for environmental performance metrics such as total emissions, renewable energy use, water consumption, waste diversion, or the existence of science-based targets.
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While the company is ISO 9001:2015 certified, this relates to quality management, not direct environmental performance.
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The company will join the Responsible Business Alliance in 2023, which includes supplier compliance with environmental standards, but this does not provide direct evidence for the company's own environmental KPIs.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles that directly correspond to the quantitative thresholds of the KPIs for 'Respect for Cultures & Communities'. Information regarding formal partnerships with indigenous or local community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, average complaint resolution time, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion was either not provided or not specific enough to meet the rubric's requirements.
Safe & Smart Tech
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Enovix's privacy policy states that users can opt-out of marketing emails and block cookies, which represents industry-standard user privacy controls.
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The company also indicates that data is retained only as necessary for business purposes and legal obligations, reflecting standard data collection and retention practices.
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Furthermore, the privacy policy mentions compliance with applicable laws and regulations, which is a basic level of regulatory adherence.
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No specific details or quantitative data were provided for any other KPIs related to Safe & Smart Tech.
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Zero Waste & Sustainable Products
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No evidence available to assess Enovix Corporation on Zero Waste & Sustainable Products.