MASHINIi

FormFactor, Inc..

FORM.US | Manufacture of measuring, testing, navigating and control equipment

FormFactor, Inc. designs, develops, manufactures, sells, and services probe cards, analytical probes, and advanced thermal subsystems. Their probe cards are used by semiconductor manufacturers to test integrated circuits (ICs). Analytical probes are used for on-wafer characterization and failure ana...Show More

Ethical Profile

Mixed.

FormFactor, Inc.'s ethical profile is mixed. The company previously intended to restate historical financial statements in 2007 due to inventory valuation issues. While 40% of its electricity is renewable, reports suggest Scope 1 and 2 emissions per million dollars of revenue and per headcount increased in 2022, with no Scope 3 disclosures or SBTi targets. For worker respect, the CEO to median pay ratio is 61:1. Employee compensation and benefits ratings reportedly decreased by 5% in the last year, with some employees ranking their pay in the bottom 35%. Critics also point to a gap in ethical supplier verification processes.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing-10
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities-10
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

FormFactor's core products, probe cards and thermal subsystems for semiconductor manufacturing, do not have a direct positive or negative health impact, resulting in a neutral score for health_impact_core. The company does not generate revenue from products or activities with established negative health outcomes, leading to a neutral score for harmful_revenue_share. While FormFactor commits to minimizing environmental damage and potential harm to public health,

1
and reports on GHG emissions, water use, and waste,
2
there is no specific evidence of indirect health effects (pollution, addiction, mental health impact) or their scale,
3
nor specific mitigation efforts directly tied to public health outcomes,
4
resulting in a neutral score for health_externalities. The company has an Anti-Harassment Policy and avenues for anonymous reporting,
5
but these are workplace policies and do not constitute specific mental health initiatives for the public, leading to a neutral score for mental_health_initiatives. All other KPIs are omitted due to a lack of direct, relevant evidence. Workplace safety data, while present, is explicitly excluded from this value category.

Fair Money & Economic Opportunity

0

No evidence available to assess FormFactor, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

10

In fiscal year 2024, FormFactor's CEO to median employee pay ratio was 61:1.

1
For 2022, the company reported a combined Total Recordable Incident Rate (TRIR) of approximately 2.25 per 200,000 hours worked across its California and Oregon sites.
2
The company has not incurred any fines or legal proceedings related to employee health and safety violations in the past five years.
3
FormFactor states a commitment to ethical labor practices, human rights, and zero tolerance for forced labor or child labor, and promotes freedom of association.
4

Fair Trade & Ethical Sourcing

-10

FormFactor's 2022 sustainability report states no violations or significant risks related to freedom of association, child labor, or forced labor.

1
However, the company does not have a formal process for supplier verification of compliance with CA Civil Code §1714.43, though it is working to adopt such a program.
2

Honest & Fair Business

-40

FormFactor has a whistleblower protection policy that emphasizes confidentiality and non-retaliation, offering multiple avenues for reporting, including a third-party anonymous helpline.

1
However, there is no evidence provided regarding independent investigation processes, training frequency, or the policy's effectiveness.

Kind to Animals

0

No evidence available to assess FormFactor, Inc. on Kind to Animals.

No War, No Weapons

0

The provided articles, including FormFactor's CSR disclosures, ESG data from Sustainalytics, and a corporate citizenship article, do not contain any specific, concrete data points or explicit policy statements relevant to the 'No War, No Weapons' ethical value.

1
There is no information regarding revenue from arms contracts, investment in dual-use technologies, sales to embargoed regimes, peacebuilding initiatives, conflict divestment policies, or any other metrics outlined in the rubric for this value.
2
Therefore, no KPIs can be scored based on the evidence provided.

Planet-Friendly Business

-50

In 2022, the company's total Scope 1 and 2 greenhouse gas emissions were 21,075 tCO₂e (7,534 tCO₂e for Scope 1 and 13,541 tCO₂e for Scope 2).

1
However, Scope 3 emissions were not disclosed.
2
Emissions per million dollars of revenue increased from 21.68 metric tons in 2021 to 28.18 in 2022, and emissions per headcount increased from 7.3 metric tons in 2021 to 10.0 in 2022.
3
The company does not have SBTi-aligned targets and is not participating in any tracked reduction initiatives.
4
In 2022, 100% of energy consumed was from grid electricity and a hydrogen fuel generator; the electric utility provided 33% of the energy in the US from hydrogen fuel cells, and the remainder from an electric utility that derives approximately 40% of its electricity from renewable sources, meaning less than 50% of total energy is from renewables.
5
Total water withdrawn in 2022 was 194,987 cubic meters, with total revenue of $740.9 million, resulting in 263.16 m³ per $1M revenue.
6
The company's non-hazardous regulated waste diversion rate was 39% in 2024, and hazardous waste diversion rate was 33%.
7
There were no fines or legal proceedings related to employee health and safety violations in the past 5 years.
8

Respect for Cultures & Communities

-10

The company's Code of Business Conduct encourages raising good faith concerns, indicating standard grievance processes.

1
FormFactor supports youth education and gives back to communities through volunteer programs and philanthropic efforts, which aligns with general charitable giving without a specific cultural heritage focus.
2
The Code of Business Conduct is available in English, German, Japanese, Korean, Simplified Chinese, and Traditional Chinese.
3
The company provides training to improve awareness and understanding of diversity and inclusion in the workplace, which is standard diversity training.
4

Safe & Smart Tech

-20

FormFactor provides strong user data control, explicitly listing rights for California, EEA, and PRC residents, including access, deletion, correction, limiting use, opt-out, and portability, with a 45-day response time for requests.

1
The company states it collects personal information only when there is a legal basis and for collected purposes, and retains it as long as necessary based on criteria like contract requirements and operational needs.
2
FormFactor mentions implementing appropriate technical and organizational security measures and storing personal information on secure servers.
3
They conduct regular cybersecurity training for employees, including management, and regular phishing email simulations.
4
The company maintains an incident response plan, conducts network and endpoint monitoring, vulnerability assessments, and penetration testing, and compares processes to NIST standards.
5
However, FormFactor violated the Clean Air Act at its Livermore, CA facility by failing to keep and submit annual compliance certification documentation between 2017 and 2020, resulting in a civil penalty of $258,170.
6
The company's privacy policy states that personal information is retained as long as necessary, with retention periods varying based on category, contract requirements, operational needs, and legal mandates.
7

Zero Waste & Sustainable Products

-30

FormFactor's manufacturing operations achieved a waste diversion rate of 20.92% in 2022, with 408,197 pounds recycled out of 1.951 million pounds of total waste generated.

1

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.