IPG Photonics Corporation.
IPGP.US | Manufacture of measuring, testing, navigating and control equipment
IPG Photonics Corporation is a global leader in high-performance fiber lasers and amplifiers. They design, develop, and manufacture a wide range of fiber lasers used in various applications, including materials processing (cutting, welding, marking), medical procedures, telecommunications, and scien...Show More
Better Health for All
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No evidence available to assess IPG Photonics Corporation on Better Health for All.
Fair Money & Economic Opportunity
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IPG Photonics Corporation is a manufacturer of high-performance fiber lasers and amplifiers. The company's core business does not involve offering lending, deposit, or other financial services to consumers.
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The provided articles contain no evidence that the company engages in activities related to financial services or economic opportunity for underserved populations. Therefore, all KPIs under the 'Fair Money & Economic Opportunity' value are not applicable.
Fair Pay & Worker Respect
-20
In 2024, the estimated ratio of the CEO's total compensation to the median employee's pay was approximately 167 to 1.
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Employee feedback indicates that 56% of employees recommend working at the company to a friend.
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Fair Trade & Ethical Sourcing
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No evidence available to assess IPG Photonics Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No information could be extracted from the provided articles as they all indicated an inability to access external websites or specific file content.
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Therefore, no evidence is available to assess IPGP.US against the 'Honest & Fair Business' ethical value or any of its associated KPIs.
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Kind to Animals
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The provided articles contain no specific information or data points relevant to IPG Photonics Corporation's performance regarding the 'Kind to Animals' value.
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All articles explicitly state that no information related to animal welfare, animal testing, or related certifications could be extracted for any of the specified KPIs.
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No War, No Weapons
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No explicit evidence was found in the provided articles to score any of the KPIs for IPG Photonics Corporation against the 'No War, No Weapons' ethical value. While one article mentions IPG Photonics debuting a high-energy laser system for drone neutralization at a defense exhibition in 2025, this is a forward-looking statement about a future product and does not provide current data on revenue from arms contracts or R&D investment in dual-use technologies.
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Another article notes the company's Code of Business Conduct prohibits possession of weapons on IPG property and outlines policies for export and foreign economic boycotts, but these are general policies and do not provide specific, quantifiable evidence for the KPIs.
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An ESG risk oversight framework was approved by the board in 2022, but this is too general to score specific defense-related oversight.
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Information about dual-use technology and controversial weapons in one article explicitly states it cannot be extracted for IPGP.US, as it refers to general industry risks or other companies.
4
Planet-Friendly Business
-60
IPG Photonics reported total Scope 1 and 2 emissions of 37,800 tCO2e in 2024, a 15.05% decline from 44,500 tCO2e in 2023.
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However, the company does not disclose Scope 3 emissions.
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IPG Photonics has not publicly committed to specific 2030 or 2050 climate goals through major frameworks like SBTi.
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The company aims for carbon neutrality by 2050.
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IPG is investigating installing solar panels at a planned new building which could provide 1 MW of clean power annually.
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Water usage in 2019 was 129.23 m³ per $1M revenue.
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Water withdrawal in 2023 was 27% less than in 2017.
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36% of manufacturing facilities are certified under ISO 14001.
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The company increased recycling of materials by 21% from 2017 to 2019.
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Its waste diversion rate doubled in 2022 compared to the previous year.
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IPG Photonics received no material fines or non-monetary sanctions for environmental non-compliance in 2019.
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The company plans to conduct an assessment of climate change upon its business and operations.
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None of IPG's major production facilities are located in regions with high or extremely high water risk per the World Resources Institute's Water Risk Atlas.
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The company utilizes TCFD recommendations in its ESG report.
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Respect for Cultures & Communities
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No evidence available to assess IPG Photonics Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess IPG Photonics Corporation on Safe & Smart Tech.
Zero Waste & Sustainable Products
-30
In 2023, IPG Photonics Corporation diverted 64% of its solid non-hazardous waste from landfills or incineration.
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The company's packaging sustainability efforts in 2023 resulted in 66% of packaging products (by revenue) being recyclable, reusable, or compostable.
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Several IPG products have achieved Cradle to Cradle Certification, and the company uses the Material Health protocol to assess products and eliminate harmful chemicals, indicating that circular design principles are applied to several product categories.
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The company has set a goal to achieve 90% waste diversion by 2030 and 100% sustainable packaging by 2030.
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No regulatory actions, violations, fines, or compliance issues related to waste disposal were mentioned for 2022 or 2023.
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