Better Health for All
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Novanta Inc. reported two product recalls in 2023, involving 3,175 units (1,735 pump units and 1,440 tube set units).
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The company's R&D spending in 2023 was $92 million, representing 10.4% of its revenue.
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Novanta states it complies with data privacy regulations such as GDPR, CCPA, and CPRA.
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The company also mentions a health and wellness resource center (NovantaWELL) that provides information on mental health.
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Fair Money & Economic Opportunity
0
Novanta Inc. is a global supplier of core technology solutions to medical and advanced industrial equipment manufacturers, operating on a business-to-business (B2B) model.
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The company does not offer lending, deposit, or other financial services to consumers.
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Therefore, all KPIs related to consumer financial products, such as underserved client share, pricing fairness, exploitative fee exposure, financial inclusion initiatives, data accessibility for financial data, fair lending compliance, wealth building outcomes, financial literacy initiatives, debt burden ratio, geographic inclusion for banking services, and product simplicity for financial products, are not applicable to its operations. The rubric's '0' tier explicitly covers these scenarios.
Fair Pay & Worker Respect
0
No evidence available to assess Novanta Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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Novanta conducts on-site audits for every key supplier at least once every three years.
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The company reported zero substantiated child or forced labor violations in its 2022 assessment of Laser Quantum sites and no specific incidents reported in January 2025.
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Proactive risk assessments are ongoing. As of June 2023, 100% of key suppliers had signed the latest Supplier Code of Conduct.
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The updated Supplier Code of Conduct, published at the beginning of 2025, extends requirements to second-tier suppliers.
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For conflict minerals, Novanta surveyed 375 direct suppliers in 2023, with 100% response rate, and 76% indicated 3TGs were necessary for their products.
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Of 358 validated smelters and refiners, 226 have conflict-free certification.
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Honest & Fair Business
0
No evidence available to assess Novanta Inc. on Honest & Fair Business.
Kind to Animals
0
No specific, concrete evidence was found in the provided articles to assess Novanta Inc. against the 'Kind to Animals' ethical value. The articles mention a Supplier Code of Conduct
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and general sustainability audits for suppliers,
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but do not specify if these audits cover animal welfare compliance or if any suppliers are animal-related. There is no information regarding animal testing,
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cruelty-free certifications,
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animal-derived ingredients, or dedicated wildlife conservation initiatives with measurable impact.
No War, No Weapons
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Novanta's policy is not to do business, directly or indirectly, without prior government approval, with countries or third parties identified as embargoed, restricted, denied, or barred from import or export activity.
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Its sales terms require buyers to provide all documentation, such as End Use Certificates, needed for export licenses or to secure export/import.
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Novanta's policy states that no third party shall be engaged to provide lobbying services on behalf of the company.
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All management personnel and employees managing third-party relationships must review and acknowledge the Code of Ethics and Business Conduct and Anti-Bribery Anti-Corruption Policy annually.
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Novanta's Code of Ethics states that products must not be sold, directly or indirectly, for use in proliferation of chemical and biological weapons, missile technology, nuclear weapons, or other nuclear explosive devices.
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The company supports and respects international human rights principles, such as those in the Universal Declaration of Human Rights.
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Novanta requires all significant third parties, based on ABAC risk assessment, to be screened and monitored for compliance risks.
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The Code of Ethics and Business Conduct describes ethical standards and expectations for all directors, officers, employees, contractors, and suppliers, including a ban on bribes or kickbacks.
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Novanta's sales terms prohibit the export or re-export of products if they are known to be used in the design, development, production, or use of nuclear, chemical, or biological weapons or missiles, or for military purposes in a country subject to a military embargo.
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Novanta performs periodic audits of its suppliers to evaluate compliance with applicable laws and human rights.
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For conflict minerals, Novanta surveyed 323 direct suppliers, with approximately a 93% response rate, and 66% of responding suppliers indicated 3TGs were necessary for their products.
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Of the 377 identified smelters/refiners, 248 were conflict-free certified, 17 were in the audit process, and 112 had unknown status.
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Planet-Friendly Business
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Novanta Inc. reported total Scope 1 and 2 GHG emissions of 5,918 metric tons CO₂e in 2023, but did not provide data for Scope 3 emissions.
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The company has a net-zero target year of 2050 and plans to set SBTi-aligned targets in the next two years, but currently has none validated.
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In 2023, 41% of its total energy consumption came from renewable sources.
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The company reported water consumption of 54,586 m³ in 2023, with a revenue of $882 million, resulting in 61.89 m³ per $1M revenue.
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Novanta has 100% of its manufacturing facilities certified under ISO 14001, but no information on green building certifications like LEED or BREEAM.
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The company generated 159 metric tons of hazardous waste in 2023, with approximately 37% recycled, but overall waste diversion data is incomplete.
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Novanta reported zero environmental compliance violations, spills, fines, or sanctions in 2023.
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The company uses a qualitative assessment approach for TCFD alignment and plans to conduct climate scenario analysis in the next two years.
8
Respect for Cultures & Communities
0
The provided articles do not contain specific, quantifiable data points for any of the requested KPIs related to Respect for Cultures & Communities. While the company's 2023 Sustainability Report and 2022 ESG Report mention diversity, equity, and inclusion initiatives and community service, they explicitly state a lack of specific metrics for areas such as formal partnerships with indigenous or local communities, revenue reinvested locally, cultural appropriation incidents, cultural impact assessments, local employment ratios, grievance mechanisms, complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier counts, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, or language inclusivity assessment scores.
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The Human Rights Policy notes the Code of Ethics is available in 8 languages, but this does not constitute an 'assessment score' for language inclusivity across products and communications as required by the KPI.
2
Safe & Smart Tech
10
Novanta has experienced cybersecurity incidents in the past, but none have represented a material breach or had a material impact on operations or financial results for the years ended December 31, 2020, 2021, and 2022.
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The company provides organization-wide cybersecurity awareness training multiple times a year, with quarterly testing of its effectiveness.
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In 2022, 98% of employees (excluding direct-labor production employees) completed compliance training, which includes data privacy policies.
3
Novanta implements encryption of critical data as part of its multi-layer defense architecture.
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The company states it has not sold personal information in the preceding twelve months and does not knowingly collect, sell, or share personal information of individuals under 16 years of age.
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Novanta complies with relevant data privacy and security laws, including GDPR, CCPA, and CPRA, and has a process for responding to verifiable consumer requests within 45 days, with a possible 90-day extension.
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The company conducts internal and external penetration testing and designs its cybersecurity risk management program based on frameworks like NIST.
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Novanta has a cybersecurity incident response plan and a third-party risk management process for service providers, suppliers, and vendors.
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Liberty MDrive Ethernet-based products shipped after June 30, 2020, include cybersecurity protection with a password encryption process, in accordance with US California Senate Bill No. 327.
9
Zero Waste & Sustainable Products
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Novanta has implemented initiatives to reduce single-use plastics, including eliminating plastic cups at the Bedford facility, removing disposable shoe covers in clean rooms, and a Laser Quantum business unit reducing reliance on single-use plastic tape.
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However, an analysis concluded that disposable tube sets were safer and more environmentally friendly than reusable ones.
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The company offers a take-back service for discarded products from a Photonics business unit and accepted 4.4 metric tons of devices and equipment and 0.02 metric tons of supplies in 2024, and 4.8 metric tons of devices and equipment and 0.01 metric tons of supplies in 2023.
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Circular design principles are integrated through the NovantaSUSTAIN program and the New Product Introduction (NPI) Toolbox, which include a mandatory environmental requirements checklist.
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Waste reduction initiatives include Avoid, Reduce, Reuse, and Recycle programs at all sites, a paper reduction initiative, and digitizing user manuals.
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For hazardous waste, Novanta generated 184 metric tons in 2024 and 159 metric tons in 2023, with approximately 37% recycled in both years.
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The company focuses on developing durable products and creating resealable tubes for lasers to enable repairs.
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Products are designed with moderate repairability challenges, and the company is creating modular, repairable products.
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Annual waste audits are conducted for major facilities, and sustainability audits were carried out at five facilities in 2023.
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Novanta received one notice of violation for non-compliance with manufacturing or production laws in 2024 but had zero material permit breaches in 2023 and 2024, and no violations in 2022.
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Material efficiency is a focus in new product development, aiming for material reduction and compact designs.
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The company's packaging-to-product ratio is addressed by seeking opportunities to reduce the carbon footprint of packaging and condensing packaging for some products.
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Novanta has company-wide waste reduction targets, including a goal to conserve natural resources by avoiding waste in the long term.
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Supplier waste requirements are included in the Supplier Code of Conduct, and sustainability criteria were added to supplier audits and assessments in 2023.
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Novanta also aims to raise awareness of waste prevention and reduction with customers and stakeholders.
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