Ituran Location and Control Ltd..
ITRN.US | Other telecommunications activities
Ituran Location and Control Ltd. is a technology company specializing in location-based services (LBS) and machine-to-machine (M2M) communication. The company develops, manufactures, and markets a range of products and services focused on vehicle tracking, stolen vehicle recovery (SVR), fleet manage...Show More
Better Health for All
0
No relevant evidence was found in the provided articles to assess Ituran Location and Control Ltd. against the 'Better Health for All' ethical value. All articles were placeholders and explicitly stated a lack of quantitative data, regulatory actions, certifications, awards, or industry benchmarks for any of the defined KPIs.
1
Fair Money & Economic Opportunity
0
No evidence available to assess Ituran Location and Control Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
-40
The company's average monthly churn rate was 3.3% in 2015.
1
This translates to an approximate annual voluntary turnover rate of 39.6%.
2
Regarding health insurance, Brazilian employers are required to purchase health insurance for employees only if specified by an applicable collective labor agreement, contract, or company policy.
3
Argentine employers are required to contribute 6% for employee health insurance.
4
No overall percentage of the global workforce covered by employer-funded health insurance is provided.
Fair Trade & Ethical Sourcing
0
No specific quantitative data was found in the provided articles to assess the company against the defined KPIs for Fair Trade & Ethical Sourcing. While the company has a 'Code of Conduct for Ituran’s Suppliers and Agents' that addresses ethical standards, conflict minerals, and the prohibition of forced/child labor, and mentions incorporating CSR requirements into contracts, there are no specific percentages for fair-trade certified spend, audit frequencies, number of labor incidents, traceability coverage, remediation speed, ethical clause coverage, share of high-risk materials spend, or supplier diversity spend.
1
Honest & Fair Business
-40
The company has a formal whistle-blower protection policy published on its website, which allows employees to report violations to supervisors, managers, or General Counsel, and explicitly prohibits retaliation.
1
However, there is no evidence of independent investigation processes. A zero-tolerance anti-corruption policy is in place, prohibiting bribery, kickbacks, and excessive gifts, and states compliance with FCPA, including details on gifts and entertainment, but there is no information on training frequency or effectiveness metrics.
2
The company is ISO 9001 certified, which indicates some level of third-party verification for quality management systems, but the extent of independent verification for ethical claims is not specified beyond this.
3
There is no specific data available for regulatory fines in the past three years, transparency index scores, financial restatements, audit coverage, ESG controversy index, complaint resolution times, or board conflict-free percentages.
4
Kind to Animals
0
Ituran Location and Control Ltd. operates in location-based services, vehicle tracking, and telematics solutions.
1
Its core business model does not involve animal-derived products, animal testing, animal agriculture, or direct impact on wildlife habitats.
2
Therefore, all KPIs related to animal welfare, such as cruelty-free certification, alternative testing methods, humane certifications, ethical input substitution, cage-free sourcing, and animal agriculture ethics, are not applicable to the company's operations. No evidence was found in the provided articles to suggest any involvement in activities that would trigger a positive or negative score for these KPIs.
3
No War, No Weapons
-40
Ituran states a policy to use “conflict-free” minerals and requires suppliers of products or components that may contain conflict minerals from the Democratic Republic of the Congo or adjoining countries to complete annual surveys regarding the country of origin.
1
Suppliers are also required to work towards making their supply chain DRC Conflict Minerals Free.
2
However, no specific percentage of the supply chain currently certified as conflict-free is provided, nor is there evidence of the extent of verification beyond supplier surveys.
Planet-Friendly Business
0
No specific, concrete data points are available in the provided articles for any of the Planet-Friendly Business KPIs. Multiple articles explicitly state a lack of publicly available data for environmental metrics such as greenhouse gas emissions, renewable energy use, water consumption, waste diversion, and climate targets.
1
Article 0, a Form 20-F, indicates that data for all environmental KPIs is unavailable.
2
Article 2 explicitly states that the company does not disclose any sustainability data, making assessment impossible.
3
Shareholder engagement requests in Article 1 include publishing a sustainability report, confirming the absence of such public environmental disclosures.
4
Respect for Cultures & Communities
0
No specific data points were found in the provided articles for ITRN.US regarding formal partnerships with community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, community complaint resolution times, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license to operate, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion. explicitly notes a lack of specific data on cultural impact assessments, community engagement, and cultural preservation investments.
1
pertains to a different company and is not applicable to ITRN.US.
Safe & Smart Tech
-20
Ituran invested $98.6 million in cybersecurity in 2022, representing 24.0% of its $411.1 million revenue, and employs 87 cybersecurity professionals.
1
The company uses 256-bit military-grade encryption and holds 12 unique encryption patents, applying it to all network traffic, external/remote access, password files, and sensitive business information.
2
It logs all authorized and unauthorized entries to sensitive databases and documents exceptional access attempts.
3
Remote connections to databases require strong identification based on Multi-Factor Authentication (MFA), personal identification, and complex passwords.
4
The company periodically conducts vulnerability and penetration tests on all systems containing data, with critical vulnerabilities patched within 21-30 days on average. It separates personal data from other systems with relevant access controls and conducts periodic reviews to reduce irrelevant authorizations and surplus data.
5
However, it retains technical and diagnostic data for 7 years.
6
Users have the right to review, access, modify, or rectify their information, with EU individuals having additional rights to delete, restrict, object, and data portability, but the company operates as a data processor, requiring users to approach data controllers for inquiries.
7
The company states it conforms with GDPR regulations when transferring EU individual information outside the EEA, but is subject to the Israeli Antitrust Law as a declared monopoly in vehicle location services in Israel and is contesting a tax assessment from Anatel (Brazil) for 2007-2012 totaling approximately US$5.6 million.
8
Zero Waste & Sustainable Products
-40
The company's environmental policy includes goals for preserving the environment, but it does not provide specific quantitative waste reduction targets or timelines.
1
No other specific, concrete data points related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, supplier waste requirements, or customer waste education were found in the provided articles.