Evolv Technologies Holdings, Inc..
EVLV.US | Security systems service activities
Evolv Technologies Holdings, Inc. is a security technology company that designs, develops, and sells security screening systems. Their primary product is the Evolv Express, a touchless security screening system that uses sensors and advanced algorithms to detect concealed weapons and threats without...Show More
Better Health for All
-20
Evolv Technologies' core business of weapons detection has a mixed impact on the 'Better Health for All' value. While aiming to prevent violence, the technology's effectiveness is questionable, and it may cause harm. Reports indicate high false alarm rates (up to 60%
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), leading to potential anxiety and disruption. The FTC settlement for misleading claims about the technology's capabilities
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raises concerns about risk transparency. A lawsuit alleges the scanner missed a knife used in a stabbing
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, impacting safety. The company's focus on security, rather than direct healthcare or public health, limits its positive contribution. However, the company does have certifications from the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT)
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. Given these factors, a score of -20 reflects the potential negative impacts and limited positive contributions. The materiality analysis indicates a neutral relationship with the 'Better Health for All' value.
Fair Money & Economic Opportunity
0
Evolv Technologies Holdings, Inc. is a security technology company that designs, develops, and sells security screening systems.
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The company's core business does not involve lending, insuring, moving, or storing money for consumers.
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Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility for financial data, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for banking services, and product simplicity for financial products, are not applicable to the company's operations.
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Fair Pay & Worker Respect
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No evidence available to assess Evolv Technologies Holdings, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Evolv Technologies Holdings, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
No specific, concrete data points were available from the provided articles to assess Evolv Technologies Holdings, Inc. against any of the 'Honest & Fair Business' KPIs.
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All articles indicated that data could not be accessed or was insufficient for extraction.
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Kind to Animals
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Evolv Technologies Holdings, Inc. is a security technology company that designs and sells security screening systems. Its core business model does not involve products or operations typically associated with animal welfare concerns. The 2023 Sustainable Safety Report and other articles explicitly state 'N/A' or 'no data' for KPIs such as cruelty-free certification, animal testing, humane certifications for animal operations, wildlife conservation, ethical animal-derived input substitution, cage-free sourcing, animal agriculture ethics, animal-free R&D, and public policy engagement related to animal welfare.
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Therefore, these KPIs are scored at 0, indicating that they are not applicable to the company's operations. No articles provide specific, concrete data points for animal-related supplier audits.
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No War, No Weapons
-40
Evolv Technologies Holdings, Inc. focuses on security screening systems for civilian venues. Approximately 4% of its revenue in 2022 and 2023 was generated from sales to government entities, but these are not specified as defense contracts.
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The company is subject to trade restrictions and is prohibited from engaging in transactions with designated sanctioned countries or territories, and its Partner Code of Conduct requires partners not to export to restricted destinations without necessary approvals.
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Evolv established Give Evolv LLC to donate weapons detection systems to schools and other locations, with 11 systems granted to date, benefiting over 10,000 students.
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The company's Partner Code of Conduct states adherence to the principles of the United Nations Global Compact, but no further details on implementation or external verification are provided.
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Evolv requires company-wide training on its Code of Business Conduct and Ethics, Anti-Bribery and Anti-Corruption, and other topics at the time of hire and annually thereafter.
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Evolv maintains a privacy webpage with information regarding its privacy program, policies, and practices, including an Evolv Express privacy sheet.
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The company uses GreenSoft, a third-party solution, to manage the declaration of conflict minerals.
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Planet-Friendly Business
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No evidence available to assess Evolv Technologies Holdings, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
0
No specific, quantitative evidence regarding EVLV.US's performance on 'Respect for Cultures & Communities' was found in the provided articles. All articles explicitly state a lack of relevant quantitative data or specific information for the company on this topic.
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Safe & Smart Tech
-30
Evolv AI is certified to the EU-U.S. Data Privacy Framework (DPF), the UK Extension to the EU-U.S. DPF, and the Swiss-U.S. DPF.
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The company states it complies with GDPR and CCPA, and mentions specific addenda for California and European Union residents.
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However, the FTC settled with Evolv for making misleading claims about its AI-based weapon detection technology, which was described as operating as a 'black box' and lacking transparency.
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Users can opt-out of marketing emails and request data deletion, with requests responded to within 30 days.
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Data retention is based on need and legal obligations.
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The company received inquiries from the FTC and a subpoena from the SEC regarding marketing practices, but no findings or penalties are reported.
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Employee security and privacy training is mentioned, and session cookies containing encrypted information are used for user identification during login.
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Zero Waste & Sustainable Products
-30
Evolv Technologies Holdings, Inc.'s 2023 Sustainable Safety Report indicates no regulatory actions, violations, fines, or compliance issues related to waste disposal.
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The report also details the company's approach to responsible sourcing, including its supplier code of conduct, which implies waste requirements for all tier-1 suppliers.
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