MASHINIi

HENSOLDT AG.

HAG.XETRA | Manufacture of measuring, testing, navigating and control equipment

HENSOLDT AG is a German multinational corporation specializing in sensor solutions for defense, security, and aerospace applications. The company develops, manufactures, and sells a wide range of products, including radars, optronics, electronic warfare systems, avionics, and identification friend-o...Show More

Ethical Profile

Mixed.

HENSOLDT AG's core defense business, generating €1.2 billion from its Sensors division in 9 months of 2024, draws scrutiny, especially with the German government holding a 25.1% stake. For worker respect, 60.1% of employees are covered by collective bargaining, and the CEO to median pay ratio is 23, though a gender pay gap of 11.5% is reported. A 2021 ransomware attack on its UK subsidiary allegedly led to 95% of files being leaked. Environmentally, HENSOLDT targets CO2 neutrality by 2035 for Scope 1 and 2 emissions, with 41.5% of its 2024 energy from renewable sources.

Value Scores

Better Health for All-60
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect30
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals10
-100100
No War, No Weapons-70
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities20
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-60
-100100

Better Health for All

-60

HENSOLDT aims to keep its Lost Time Injury Frequency Rate (LTIFR) below 0.75, and in 2021, the global LTIFR was 0.86, with Germany at 0.99.

1
The company has an ISO 45001-certified management system for occupational health and safety at its Sensors and Optronics companies.
2
It also has a strict work safety concept at each site, which is regularly trained and updated.
3
For risk transparency, HENSOLDT conducts product-related risk assessments using OSIMA software and identifies risks with qualified personnel.
4
However, its 2021 risk analysis did not identify any significant risks with a high likelihood of severe negative impacts on non-financial aspects from its business activity or relationships.
5
The company provides consultancy, guidance, and support in occupational safety and ergonomics, and offers continuous training and development plans for employees.
6
HENSOLDT offers preventive health checks, fitness programs, stress management courses, and vaccinations.
7
It also provides programs to deal with stress and promote a healthy lifestyle at sites in core countries.
8
The company has a data protection management system across the Group to ensure a uniform level of data protection in accordance with the General Data Protection Regulation (GDPR).
9
During the 2021 global coronavirus pandemic, HENSOLDT offered COVID-19 vaccinations and adapted health and safety measures.
10
The company offers social counselling, which can be a form of support for addiction.
11

Fair Money & Economic Opportunity

0

The provided articles discuss military developments and flight demonstrations, but contain no information regarding HENSOLDT AG's involvement in financial services, lending, or any activities related to money movement or storage. As the assessment must rely solely on facts explicitly stated in the evidence articles, and no such facts are present for any of the KPIs under 'Fair Money & Economic Opportunity', all KPIs must be omitted.

Fair Pay & Worker Respect

30

In 2024, HENSOLDT's CEO to median employee pay ratio was 23:1.

1
The company reported 60.1% of its workforce was covered by collective bargaining agreements in 2024.
2
The Lost Time Injury Frequency Rate (LTIFR) for 2024 was 2.51.
3
The gender pay gap in 2024 was 11.5%, meaning women earned 88.5% of men's pay.
4
86% of employees would recommend working at HENSOLDT.
5
Voluntary employee turnover in 2024 was 8.3%.
6
In 2024, 841 employees were on non-permanent contracts out of a total workforce of 8,986, representing 9.36%.
7

Fair Trade & Ethical Sourcing

0

No specific, quantifiable evidence was found across the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. Information regarding fair-trade certification share, audit frequency, number of forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage in contracts, materials risk index, or supplier diversity spend was either not available, not quantified, or referred to general policies and expectations rather than concrete, measurable outcomes or percentages.

1

Honest & Fair Business

-40

HENSOLDT has a formal whistleblower system, the HENSOLDT OpenLine, which is accessible on the company website and emphasizes procedural fairness, confidentiality, and non-retaliation.

1
The company also has comprehensive anti-corruption policies that apply to all employees, third parties, agents, and intermediaries.
2
These policies include a Partner Review Directive for risk assessment of business partners, a Gifts & Hospitality Directive, and a structured decision process for high-risk transactions.
3
Due diligence is performed on agents and their beneficial owners, including screening for legal violations and politically exposed persons.
4
Contracts include strong compliance clauses and reasonable remuneration stipulations.
5
Compliance training on anti-corruption and antitrust law is offered in various formats and languages, and the company has a dedicated compliance team reporting to the General Counsel and CEO.
6
The effectiveness of the compliance program is monitored and reported in a standardized manner.
7

Kind to Animals

10

HENSOLDT AG has demonstrated measurable positive impacts on wildlife conservation. The company's technologies have led to a documented increase of 215 rhino young per year at the Buffalo Dream Ranch and five years of zero poaching at the world's largest rhino conservancy.

1
HENSOLDT also developed an early-warning system for polar bears in collaboration with Polar Bears International and protects abalones in a 50-hectare nature reserve near Cape Town.
2
These initiatives show documented population recovery for key species and protection of multiple endangered species.

No War, No Weapons

-70

HENSOLDT AG's core business is deeply embedded in the defense sector, with 87% of its revenue derived from its Sensors division, which specializes in defense, security, and aerospace applications.

1
The company's CEO advocates for increasing German defense spending to 3% of GDP, indicating a stance that supports increased military expenditure.
2

Planet-Friendly Business

-40

HENSOLDT AG reported total Scope 1, 2, and 3 greenhouse-gas emissions of 488,906 tCO₂e (market-based) for 2024.

1
The company is orienting to SBTi targets and Paris Agreement values, aiming for CO2 neutrality by 2035 for Scope 1 and 2 emissions, with a Scope 3 reduction plan planned for 2025.
2
In 2024, 41.5% of its operational energy consumption was sourced from renewables.
3
Climate scenario analysis was conducted for 33 sites using RCP 2.6/SSP1 and RCP 8.5/SSP5 scenarios.
4

Respect for Cultures & Communities

20

HENSOLDT provides formal grievance mechanisms for stakeholders, including a whistleblower system ("HENSOLDT SpeakUp") available to employees and other stakeholders

1
, and the "HENSOLDT OpenLine" for anonymous reporting of suspicious activities
2
. The company systematically examines and follows up on every report
3
and does not tolerate discrimination against those who report violations
4
. HENSOLDT's operations do not involve projects requiring Free, Prior and Informed Consent (FPIC) with Indigenous Peoples, making FPIC processes not applicable to its business model
5
. No cultural appropriation incidents are reported
6
. Compliance training is offered in different languages
7
, and all employees receive regular information and training on compliance topics, with participation tracked systemically
8
.

Safe & Smart Tech

-10

HENSOLDT AG experienced a ransomware attack in 2021 by the Lorenz group, which claimed to have stolen an undisclosed amount of files and published 95% of them on a data leak website since December 17, 2021.

1
The company confirmed the attack, which affected a small number of mobile devices at its UK subsidiary.
2
For its career page, job portal, and website, HENSOLDT AG uses SSL encryption.
3
The company states compliance with GDPR for its website data processing and for its career page and job portal, where it also outlines user rights including access, rectification, erasure, and objection.
4
Application documents for Germany are deleted within 6 months of rejection, unless retained for legal claims, and profiles are deleted after 6 months of inactivity.
5

Zero Waste & Sustainable Products

-60

HENSOLDT AG has implemented waste reduction initiatives, including waste sorting and reduced paper consumption.

1
The company has a Supplier Code of Conduct and uses the IntegrityNext platform to manage ESG risks in the supply chain, but there is no explicit evidence that these include waste reduction or recyclability requirements for suppliers.
2

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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.