Better Health for All
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The company's core products and services, which include brand solutions, memorialization products, and industrial automation, generally have a neutral direct health impact on living individuals. While Matthews Environmental Solutions (MES) offers medical and pathological waste incineration, which has a positive health impact, the overall portfolio's net health effect is neutral.
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Matthews International Corporation had a water pollution violation in 2024 with an $8,108 penalty.
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However, MES's M-Pyre® system aims to reduce greenhouse gas emissions by 15% or more compared to older technologies, and MES offers emission abatement solutions.
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The company has a Code of Business Conduct and Ethics and an Ethics Reporting System.
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Matthews Children’s Foundation has granted nearly $5 million to children's charities since 1992, and the company partners with United Way and the Leukemia Lymphoma Society.
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SGK, a subsidiary, partners with PWAC to provide vocational rehabilitation services to people with disabilities.
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SGK also provides training on health and safety, information security, legal and company policies, leadership, and product education through its e-learning platform.
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SGK has a cybersecurity and data privacy program aligned with the Center for Internet Security v8 control framework.
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SGK has implemented employee resources, employee assistance programs, flexible work arrangements, and mental health awareness training for managers.
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The company's EHS Management System, effective September 2024, emphasizes the prevention of incidents, injury, and illness.
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Fair Money & Economic Opportunity
0
Matthews International Corporation's core business segments (brand solutions, memorialization, and industrial automation) do not involve lending, insuring, moving, or storing money for consumers. Therefore, many KPIs related to consumer financial services are not applicable. The company has formalized a commitment to Diversity & Inclusion (D&I) with a strategy focusing on Infrastructure, Talent Acquisition, Employee Engagement, and Community Engagement, and hired a full-time D&I leader in 2021.
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However, these initiatives are not related to financial inclusion lending. The company provides its public financial reports (10-K, 10-Q, 8-K) free of charge on its website and the SEC's website.
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For customer data, the company complies with GDPR and CCPA, providing rights such as access, rectification, erasure, restriction of processing, and data portability.
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It processes Global Privacy Control Signals for opt-out requests and does not sell or share personal information for targeted advertising.
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This aligns with PSD2/open-banking compliant APIs with no access charges. The company is not regulated as a lender, and there is no information regarding fair-lending compliance.
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The company's stock repurchase program is designed to increase shareholder value, not directly to improve customer wealth outcomes.
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The Matthews Children’s Foundation has granted nearly $5 million to children's charities since 1992, but this is not a reinvestment of pre-tax profit into community finance or profit-sharing with underserved communities.
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The Memorialization segment develops technology solutions for funeral homes, but this is not a financial literacy initiative for consumers.
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The company does not provide debt products to consumers, nor does it operate financial service access points. While the SGK Brand Solutions segment helps companies simplify their marketing, this does not relate to the simplicity of consumer financial products.
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Fair Pay & Worker Respect
10
For fiscal year 2025, the CEO-to-median employee pay ratio was 77:1, with the CEO's total compensation at $5,701,016 and the median employee pay at $74,089.
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The company is committed to paying a living wage for all employees, complying with minimum wage legislation globally, and making efforts to exceed legal minimum wages.
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It respects employees' right to join or form a labor union and is committed to constructive dialogue with recognized unions.
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Matthews measures health and safety performance using Total Recordable Rate (TRR) and Days Away/Restricted/Transferred (DART), reporting its TRR is 68% lower and DART is 22% lower than industry averages.
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The company prohibits all forms of forced labor and human trafficking and provides an Ethics Reporting System for employees to report suspected policy violations.
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Fair Trade & Ethical Sourcing
0
No specific quantitative data was provided across the articles to assess Matthews International Corporation against the Fair Trade & Ethical Sourcing KPIs. The available information primarily consists of policy statements and general commitments. Article 2, a 2015 Conflict Minerals Report, noted an inability to determine the country of origin or conflict status for certain product categories due to insufficient vendor responses or inability to trace conflict minerals to specific smelters/refiners, and stated the company does not conduct independent third-party audits of smelters and refiners.
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However, this information is not broad enough or quantitative enough to score the respective KPIs for overall supply chain performance. Several articles explicitly stated a lack of quantitative data for the requested metrics.
Honest & Fair Business
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Matthews International Corporation has a comprehensive Code of Business Conduct and Ethics (Policy No: L-105, revised August 20, 2020) that applies to all employees, directors, and officers.
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This code includes a whistleblower policy with an Ethics Reporting System (www.matw-ethics.com) that allows for confidential and anonymous reporting where not prohibited by local law.
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The company strictly forbids retaliation against individuals who report suspected violations or participate in investigations, and all submissions are reviewed and responded to in a timely and appropriate manner.
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The company also has a comprehensive Anti-Corruption Policy (Policy No: L-101, revised October 1, 2020), approved by the Audit Committee, which applies to all employees, subsidiaries, and affiliates.
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This policy requires thorough due diligence prior to engaging third parties that act on behalf of Matthews and mandates periodic Anti-Bribery Certification for certain personnel.
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It explicitly forbids bribery, kickbacks, and accepting improper business advantages, and requires abiding by laws such as the United States Foreign Corrupt Practices Act (FCPA) and the United Kingdom Bribery Act.
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Kind to Animals
0
No specific, measurable evidence was found in the provided articles for any of the KPIs related to the "Kind to Animals" value. While the company offers pet cremation systems and incineration systems for general animal waste, this does not provide data on cruelty-free certifications, alternative testing usage, humane certifications for operations, wildlife conservation impact, ethical input substitution, supplier welfare audits, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement specifically on animal welfare.
1
No War, No Weapons
0
No evidence available to assess Matthews International Corporation on No War, No Weapons.
Planet-Friendly Business
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Matthews International Corporation reported total Scope 1 and 2 emissions of 6,983 tCO2e in 2024.
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However, detailed Scope 3 emissions data is not available.
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The company has not set SBTi-validated targets, though it states alignment with SBTi and aims for a 2.5% annual GHG reduction.
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As of 2022, 7.1% of its operational energy was from renewable sources, with a commitment to use 100% certified green electricity at all locations from 2025.
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The company has a target to reduce water usage by 10% from a 2019 baseline by 2030.
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In 2022, its waste diversion rate was 45.4%, with a target to reduce solid waste to landfill by 50% from a 2017 baseline by 2030.
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The company's headquarters obtained Gold LEED certification in 2014.
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Matthews has offset over 8,500 metric tons of carbon since 2016 with almost $120,000 purchased in offsets.
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The company states it has had no incidents of non-compliance with water quality, quantity permits, standards, or regulations.
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All manufacturing facilities and non-manufacturing sites are guided by an Environmental Management System (EMS) that combines elements of ISO 14001.
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The company has not declared a net-zero target year for its own operations.
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It is progressively adopting TCFD recommendations and uses scenario planning, considering a Reference Case, a Globally Aligned Case, and a Regionally Differentiated Case scenario.
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Respect for Cultures & Communities
0
No specific, quantitative evidence was found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities'. The articles discuss general ESG commitments, environmental metrics, or investment management practices of a related entity, but do not provide data on formal partnerships with local community groups, revenue reinvested locally, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
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Safe & Smart Tech
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Matthews International has experienced cyber-attacks in the past, none of which resulted in a material disruption to its business, and is not aware of any material attacks since the beginning of fiscal 2025.
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The company has established a cross-functional Artificial Intelligence (AI) Council to ensure AI is used legally, ethically, and effectively.
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It leverages the Center for Internet Security (CIS v.8) standard and other internationally recognized frameworks for its cybersecurity program, which includes encryption at rest and in transit.
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The company regularly deploys mandatory cybersecurity training to all employees and new hires, with system access suspended for non-completion, and conducts phishing exercises to test effectiveness.
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It maintains a vulnerability management program, periodically conducts third-party penetration testing, and performs risk assessments and security validation for certain products.
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The company states it limits personal information provided to service providers to what is necessary and retains data as long as required by law.
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It has policies and procedures designed to maintain compliance with relevant cybersecurity and data privacy laws and regulations, including GDPR and CPRA.
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Users have rights to review, correct, and delete personal information, and California residents can opt-out of data sale or sharing, with Global Privacy Control Signals processed.
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Users are responsible for keeping passwords confidential and strengthening them with a combination of uppercase and lowercase letters, numbers, punctuation, and other symbols.
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The company uses cybersecurity providers and reviews SOC 1 and SOC 2 reports for third-party risk management.
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Zero Waste & Sustainable Products
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Matthews International Corporation has implemented several waste reduction initiatives, including in-house copper recycling, a sand recycling program that reduced sand consumption by 35%, and daily steel recycling averaging 15,000 pounds at its Stamping plant.
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The company also conducts Sustainable Improvement Process Events (SIP Events) to reduce waste.
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For hazardous waste, the SGK segment generated 2,094 tons in 2022, which is an active reduction from 2,125 tons in 2020, though an increase from 939 tons in 2021.
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The company has a target to reduce solid waste to landfill by 50% from a 2017 baseline by 2030.
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No waste disposal violations were mentioned in the provided articles. Only 6 out of 86 (7%) of its manufacturing sites are ISO 14001 certified, and no facilities are mentioned as having zero waste certification.
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