Gogoro Inc..
GGR.US | Manufacture of motor vehicles
Gogoro Inc. is a technology company focused on urban mobility and sustainable energy. They design, develop, and sell electric scooters and battery swapping infrastructure. Their primary business model revolves around providing a comprehensive ecosystem for electric scooter users, including the scoot...Show More
Better Health for All
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No evidence available to assess Gogoro Inc. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Gogoro Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No evidence available to assess Gogoro Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Gogoro Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-50
Gogoro has not been levied any ethics-related regulatory fines in the past three years as of November 7, 2024, but is under investigation for alleged subsidy fraud.
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The company admitted to using imported parts and pledged to cooperate with authorities, conducting its own internal investigation into the allegations.
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A whistleblower report was filed with the Ministry of Justice's Investigation Bureau in November 2021, alleging subsidy fraud.
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The company has an Incentive Compensation Clawback Policy, adopted on August 9, 2023, and management concluded its internal control over financial reporting was effective as of December 31, 2024, with no outstanding balance of erroneously awarded compensation to be recovered.
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However, the company received a Nasdaq notification of non-compliance with continued listing standards on October 29, 2024.
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The Industrial Development Administration (IDA) conducted on-site inspections from May to July to investigate component origins for the JEGO model, but the extent of independent external audit coverage for the entire company is not specified.
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The company faces controversies including subsidy fraud allegations, the use of Chinese-made components, and battery malfunctions.
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The typical timeframe for owners to receive subsidies after purchasing a vehicle is three to six months.
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The collective ownership stake of ten senior executives and directors, including Horace Luke, is 16.5%, while the Yin family holds 25.4%.
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The company is subject to the U.S. Foreign Corrupt Practices Act (FCPA) and similar anti-bribery laws, and has a Code of Business Conduct and Ethics.
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Gogoro regularly engages ISO auditors and consultants to assess internal cybersecurity programs and compliance.
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Kind to Animals
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The provided articles discuss Gogoro electric scooters and personal experiences in Taiwan and Nepal.
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They explicitly state that they do not contain any data relevant to animal welfare, cruelty-free practices, animal testing, or conservation initiatives for Gogoro Inc.
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Therefore, no KPIs can be scored.
No War, No Weapons
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No specific, concrete evidence was found in the provided articles for any of the KPIs under the 'No War, No Weapons' ethical value. The articles discuss Gogoro Inc.'s electric scooter business, battery swapping network, financial results, and corporate announcements, but do not contain information regarding defense contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics related to military or conflict association.
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Planet-Friendly Business
-30
Gogoro sources 40% of its energy for factory operations, two retail stores, and numerous GoStations from renewable sources, consuming approximately 4 million kWh of renewable energy in 2022.
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The company recycles 86% of its manufacturing waste.
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In 2023, Gogoro reported zero monetary loss from legal proceedings related to user privacy, data security breaches, bribery, corruption, or anti-competitive practices.
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Gogoro pioneered the mass market manufacturing of recycled polypropylene plastics for vehicle body panels in 2019 and showcases glass made of 100% recycled materials in some spaces.
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Gogoro and TSMC are driving initiatives to enable residents to utilize sustainable two-wheel transportation, and the company has pilot projects with affected communities.
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Respect for Cultures & Communities
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The provided articles detail Gogoro's business expansion, investments, and strategic partnerships with other companies and government entities in India and Nepal. They outline financial commitments, market entry strategies, and product introductions.
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However, the articles do not contain specific, quantifiable data points or explicit information regarding any of the KPIs related to 'Respect for Cultures & Communities,' such as formal partnerships with indigenous or local community groups, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, or cultural preservation investments. Therefore, no KPIs can be scored based on the evidence provided.
Safe & Smart Tech
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No evidence available to assess Gogoro Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
-10
Gogoro Inc. recycled 86% of the total waste generated in its operations in the last 12 billing cycles, with 14% incinerated.
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The company reported zero monetary losses from legal proceedings related to product safety, user privacy, bribery/corruption, or anti-competitive behavior in 2023, and no regulatory actions, violations, fines, or compliance issues were mentioned in its 2023 Impact Report.
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