KVH Industries, Inc..
KVHI.US | Manufacture of measuring, testing, navigating and control equipment
KVH Industries, Inc. is a global leader in mobile connectivity and inertial navigation. The company designs, manufactures, and markets innovative solutions for connecting vehicles and vessels at sea and on land, providing vital awareness for safer and more efficient operations. KVH's core product ar...Show More
Better Health for All
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KVH Industries' core content and connectivity services deliver substantial health benefits, particularly for seafarers, by improving morale and mental health.
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The company partners to provide crew wellbeing content, including meditation, mental health support, stress management, fitness, and sleep optimization via its KVH Link service.
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There is no evidence of products with negative health outcomes.
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KVH also provides a free Zika virus safety video and workbook to mariners globally, which serves as a preventative health measure and health education during a global health crisis.
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This video provides information on the Zika virus and prevention.
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The company's business model does not involve health-related products requiring price accessibility or vulnerable reach considerations, nor does it collect health data or conduct clinical trials.
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Fair Money & Economic Opportunity
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KVH Industries, Inc. is a technology and communications company specializing in mobile connectivity and inertial navigation, serving maritime, defense, and autonomous vehicle industries. The company does not offer lending, deposit, or other consumer financial services. Therefore, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, and debt burden ratio, are not applicable to its operations. While KVH offers communication service plans with various monthly rates and overage fees, these are not financial products with APRs or fee structures relevant to the 'pricing_fairness' KPI.
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Similarly, the 'myKVH™ portal’s suite of tools' for data allocation controls and alerts pertains to communication service data, not customer finance data, making the 'data_accessibility' KPI not applicable.
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The company's global hybrid network covering 150+ countries relates to connectivity service coverage, not financial service access points or 'banking deserts,' thus the 'geographic_inclusion' KPI is not applicable.
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Finally, 'product_simplicity' is not evaluated as it pertains to financial products, which KVH does not offer.
Fair Pay & Worker Respect
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Employee reviews indicate an overall company rating of 3.2 out of 5 stars on Indeed.com
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and 3.3 out of 5 stars on Glassdoor.com.
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This averages to approximately 65/100 for worker engagement. No specific regulatory actions, violations, fines, or compliance issues related to labor laws or human rights are mentioned in the provided articles.
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Fair Trade & Ethical Sourcing
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No specific, concrete data points were found in the provided articles to assess KVH Industries, Inc. against the Fair Trade & Ethical Sourcing ethical value.
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The documents reviewed either explicitly stated that the requested information was not specified or did not contain relevant quantitative data for the defined KPIs.
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Honest & Fair Business
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The provided articles, which include an Audit Committee Charter, Board of Directors information, and a Code of Business Conduct & Ethics, do not contain any specific, quantitative data points or concrete facts relevant to the KPIs for 'Honest & Fair Business'. There is no evidence regarding regulatory fines, transparency index scores, whistleblower policy details, financial restatements, audit coverage percentages, ESG controversy scores, complaint resolution times, board conflict of interest percentages, anti-corruption policy specifics, or third-party verification of ethical claims.
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Kind to Animals
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No evidence available to assess KVH Industries, Inc. on Kind to Animals.
No War, No Weapons
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KVH Industries derives a portion of its revenue from defense contracts. In October 2022, the company was awarded a 5-year contract by the U.S. Coast Guard for satellite communication solutions, with a potential value of $69 million.
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This contract, annualized at $13.8 million, represents approximately 8.03% of the company's 2021 net sales of $171.767 million.
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The company also received contracts for TACNAV vehicle navigation systems from U.S. defense prime contractors and a foreign military, including a $2.7 million contract in 2015 and a potential $11.5 million contract over five years from the U.S. Army in 2005.
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Planet-Friendly Business
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KVH Industries Inc. represents that, to its knowledge, there are no uncured violations of any Environmental Law with respect to its real property located at 75 Enterprise Center, Middletown, Rhode Island.
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The company also announced a staged wind-down of its manufacturing operations at this Middletown facility, expecting to cease substantially all manufacturing activity by the end of 2025.
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Respect for Cultures & Communities
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No evidence available to assess KVH Industries, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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The provided articles offer limited specific, quantitative evidence regarding KVH Industries, Inc.'s (KVHI.US) performance against the 'Safe & Smart Tech' ethical value. While the company's 2024 10-K filing mentions routine employee cybersecurity training and testing, no metrics on completion rates or effectiveness are provided.
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Similarly, the 10-K filing states that no specific data breaches or incidents of unauthorized data use were reported for the period covered by the annual report, but this is not a scorable positive record with a defined timeframe.
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KVH implements various authentication and encryption methods for its satellite network security, including multi-factor authentication and encrypted drives, but details on the extent or strength of these implementations or the percentage of services covered are not available.
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The company mentions utilizing NIST CSF and GDPR standards and its cybersecurity program supports IMO 2021 compliance, but no specific certifications or details on the maturity of its compliance program are provided.
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There is no quantitative data on cybersecurity investment, AI ethics governance, AI audit practices, algorithmic transparency, user data control, vulnerability management, bug bounty programs, privacy by design, security testing coverage, data minimization, algorithmic harm remediation, or digital rights advocacy.
Zero Waste & Sustainable Products
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No evidence available to assess KVH Industries, Inc. on Zero Waste & Sustainable Products.