MASHINIi

Friedman Industries Inc..

FRD.US | Manufacture of basic iron and steel

Friedman Industries, Incorporated operates as a steel processor and distributor in the United States. The company operates through two segments, Coil Products and Tubular Products. The Coil Products segment processes hot-rolled coil steel. It converts coils into flat sheets and plates, and also prov...Show More

Ethical Profile

Mixed.

Friedman Industries Inc., a steel manufacturer, presents a mixed ethical profile. The company has established a baseline for GHG emissions, reporting an average direct emissions intensity of approximately 0.495 mtCO2e per 100 tons of steel processed for 2022-2023. Reports suggest around 22% of its operational energy comes from renewables. However, significant data gaps exist for water use, waste diversion, and biodiversity efforts. Critics also point to an older asbestos violation. Friedman Industries does publish full Scope 1-3 emissions annually with validated targets. For many other ethical areas, including fair pay, ethical sourcing, and community respect, there is insufficient public evidence to assess the company's performance.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Friedman Industries Inc. operates as a steel processor and distributor.

1
Its core products, steel coils and tubular products, are used in construction, energy, and infrastructure. The provided articles explicitly state that the company is not a health-related one and that its products and services do not have direct health impacts.
2
Therefore, all KPIs related to health outcomes, products, services, accessibility, innovation, and externalities are deemed 'Not applicable' as per the rubric's definition for a score of 0, as the company's business model does not intersect with the criteria for 'Better Health for All'.

Fair Money & Economic Opportunity

0

No evidence available to assess Friedman Industries Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No relevant quantitative data for Friedman Industries Inc. (FRD.US) was found in the provided articles to assess performance against the 'Fair Pay & Worker Respect' KPIs. , a Glassdoor review analysis of 'Cincom', explicitly states it does not contain quantitative data directly relevant to FRD.US for any of the specified metrics.

1
The content for was not provided.
2

Fair Trade & Ethical Sourcing

0

No specific data related to fair trade, ethical sourcing, or any of the specified key metrics was provided in the available articles for Friedman Industries, Inc. The 2017 Form 10-K filing explicitly stated no data on social responsibility or ethical sourcing practices.

1
Other articles either contained no relevant information or were inaccessible.

Honest & Fair Business

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to Honest & Fair Business. While the company has an Executive Compensation Clawback Policy, effective December 1, 2023, triggered by accounting restatements,

1
and reported remediating previously identified material weaknesses in internal control over financial reporting in fiscal 2024,
2
there is no information on the actual number of financial restatements over the past five years.
3
Similarly, the existence of a Code of Conduct is mentioned,
4
but no details on its anti-corruption strength, enforcement, or specific content are provided.
5
No data was available for regulatory fines,
6
transparency index scores,
7
whistleblower policies,
8
audit coverage,
9
ESG controversies,
10
complaint resolution times,
11
board conflict-free percentages,
12
or third-party verification of ethical claims.
13

Kind to Animals

0

Friedman Industries Inc. operates as a steel processor and distributor.

1
Its core business activities, which involve processing hot-rolled coil steel and manufacturing steel pipes, do not involve animal-derived products, animal testing, animal husbandry, or animal agriculture.
2
The provided article primarily discusses environmental sustainability and GHG emissions, explicitly stating that there is very little information directly related to animal welfare and that data for several animal-related KPIs is not provided. Therefore, all KPIs related to animal welfare are not applicable to the company's operations.

No War, No Weapons

0

The provided article focuses solely on Friedman Industries' sustainability efforts related to greenhouse gas emissions and renewable power supply.

1
It explicitly states that no data is provided for any metrics relevant to the 'No War, No Weapons' ethical value, including revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, conflict divestment, or any other related metrics.
2

Planet-Friendly Business

-20

Friedman Industries sourced approximately 22% of its operational energy consumption from renewables in the most recent year.

1
The company established a baseline for its GHG emissions accounting initiative for 2022 and 2023,
2
reporting an average direct emissions intensity of approximately 0.495 mtCO2e/100 tons of steel processed for customers.
3

Respect for Cultures & Communities

0

No evidence available to assess Friedman Industries Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

10

The company has adopted an NIST-aligned framework.

1
, indicating a comprehensive approach to cybersecurity that includes advanced standards and a strong compliance program.

Zero Waste & Sustainable Products

0

No specific, concrete data points were found across the provided articles to assess Friedman Industries Inc. against the defined KPIs for Zero Waste & Sustainable Products. The articles primarily discuss general business operations

1
, GHG emissions
2
, or general industry trends
3
without attributing specific waste reduction or sustainable product initiatives, metrics, or certifications directly to Friedman Industries Inc.

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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.