Better Health for All
-10
Silicom's core products, which are networking and data infrastructure solutions, have no direct positive or negative health impact, and the company's revenue is not derived from products with direct health harms.
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Its products also do not have direct safety implications for physical or mental health, nor do they require accessibility or health innovation considerations. The company's operations do not involve health equity programs, preventative health measures, global health crisis response, mental health initiatives, pharmaceutical patents, nutrition, addiction mitigation, or clinical trials. However, Silicom's supply chain is associated with moderate health-harming externalities, including concerns over unsafe working conditions and child labor in artisanal cobalt mining.
2
The company undertakes substantial remediation efforts by conducting due diligence on suppliers, auditing their health and safety standards, and requiring improvements to substandard employment practices.
3
Silicom also complies with RoHS, REACH, and Halogen-Free standards for restricted substances in its products.
4
The company provides substantial support for healthcare workforce by requiring all suppliers to attest that employees work voluntarily, receive employment contracts with reasonable notice periods, are not required to post deposits or surrender passports, and do not have salaries withheld.
5
Silicom's healthcare data responsibility practices are strong, as it complies with GDPR, UK GDPR, CPRA, CCPA, and COPPA, and employs encryption, restricted access, and regular security audits.
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However, it also states that no information on the internet is 100% safe and shares anonymized data with third-party partners.
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The company engages in substantial healthcare education by providing annual training to all employees on modern slavery issues, including how to identify signs of slavery and human trafficking.
8
Fair Money & Economic Opportunity
0
Silicom Ltd. is a global provider of networking and data infrastructure solutions, designing and manufacturing high-performance networking and data infrastructure products. The company's core business does not involve lending, insuring, moving, or storing money for consumers.
1
Therefore, all KPIs related to financial products, services, fees, lending practices, customer financial outcomes, and financial literacy initiatives are not applicable to its operations. The rubric explicitly assigns a score of 0 for companies whose core business lies outside financial services for these KPIs.
Fair Pay & Worker Respect
0
No specific, quantitative data points were found in the provided articles for any of the KPIs related to Fair Pay & Worker Respect. The articles primarily consist of financial results
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, earnings call announcements
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, and an index of an SEC filing
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, none of which contain information on living wage coverage, CEO-median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage.
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,
5
,
6
Fair Trade & Ethical Sourcing
-20
Silicom requires new suppliers to provide complete and valid Conflict Minerals Reporting Templates (CMRTs) as a condition for engagement.
1
The company's risk management actions focus on suppliers with a spending volume over US$1,000 in 2020.
2
Silicom identified 81% of its total smelters as conflict-free (258 of 320), with 87% of tin, 100% of tantalum, 94% of tungsten, and 69% of gold smelters verified as conflict-free.
3
Silicom became a member of the Responsible Minerals Initiative (RMI) in 2019 and uses a third-party software supplier for supply chain controls and transparency.
4
The company expects its suppliers to comply with the Electronic Industry Citizenship Coalition (EICC) Code of Conduct.
5
Honest & Fair Business
0
No specific, concrete data points were found in the provided articles for any of the KPIs under the 'Honest & Fair Business' value. Information regarding regulatory fines, transparency index scores, whistleblower policy strength, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policy strength, or third-party verification of ethical claims was not explicitly stated or quantifiable for Silicom Ltd. The articles contained general compliance statements, forward-looking projections, or details about specific environmental and supply chain initiatives, but lacked the precise data required by the rubric's quantitative thresholds. For instance, while a reporting channel for conflict minerals concerns was mentioned,
1
there was no detail on a formal, company-wide whistleblower protection policy or its effectiveness.
2
Similarly, potential future fines were discussed,
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but no actual fines incurred in the past three years were evidenced.
4
Kind to Animals
0
The provided articles for Silicom Ltd. (SILC.US) do not contain any specific, factual evidence related to animal welfare, animal testing, animal agriculture, or ethical sourcing of animal-derived products. The company's business focuses on networking and data infrastructure solutions.
1
While one article from crueltyfreeinvesting.org states that the company does not exploit animals,
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this is a qualitative assertion and does not provide specific data points or details required by the rubric's KPIs, such as percentages of cruelty-free certified products, details on animal testing policies, or conservation impacts. Therefore, no KPIs can be scored based on the provided evidence.
No War, No Weapons
-50
Silicom conducts supply chain due diligence twice a year
1
and performs annual human rights training for employees.
2
The company aligns with Responsible Business Alliance principles
3
and fully endorses the UN Global Compact,
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but third-party audits note major gaps in UNGP alignment. An annual supply chain survey is conducted with all suppliers for conflict minerals,
5
and a cross-functional Human Rights team reviews modern slavery and human trafficking.
6
For the 2020 reporting period, 99.4% of direct spend was covered by supplier responses regarding conflict minerals,
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with 60% of materials verified conflict-free. Silicom's goal is to use 'DRC conflict free' tantalum, tin, tungsten, and gold,
8
and 81% of smelters and refiners were verified as conflict-free or in the audit process.
9
While Silicom does not directly source minerals from the DRC,
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9 suppliers were classified as 'DRC not conflict free' in 2020,
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representing 5-10% of procurement from conflict regions. The company commits to transparency in its conflict minerals policy.
12
Planet-Friendly Business
0
No evidence available to assess Silicom Ltd on Planet-Friendly Business.
Respect for Cultures & Communities
0
The provided articles do not contain specific, concrete data points or facts relevant to any of the KPIs under the 'Respect for Cultures & Communities' ethical value. Information regarding financial performance, workforce changes, and modern slavery policies was present, but no evidence was found for formal partnerships with community groups, local reinvestment, cultural appropriation incidents, cultural impact assessments, local employment ratios, community grievance mechanisms, cultural preservation investments, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
Safe & Smart Tech
0
Silicom experienced a data breach on November 25, 2024, with a leak size of 40TB.
1
The company engaged its IT team and external experts to assess the situation.
2
Silicom holds ISO/IEC 27001:2013 certification for its Information Security Management System, valid until October 31, 2025, along with ISO 9001:2015, ISO 14001:2015, and ISO 28000 certifications.
3
The company encrypts data in transit using secure SHA256 protocols and encrypts periodic database backups.
4
Silicom implements industry-standard measures like firewalls and antivirus to reduce risks of unauthorized access or use of personal data.
5
New employees are required to sign non-disclosure agreements.
6
The company collects data such as name, email, company, country, IP, and OS, retaining it only as necessary.
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Users have rights to access, correct, and delete their personal data, object to processing, and withdraw consent.
8
The website uses cookies, requiring user consent for non-necessary ones.
9
Silicom complies with various regulations including the US NDAA, UK Modern Slavery Act, RoHS3, REACH, and EU Directive 2006/122/EC.
10
Zero Waste & Sustainable Products
-10
In 2023, Silicom recycled 89.4% of electronic waste generated during manufacturing processes, including 92.3% of circuit boards, 95.7% of metal components, and 81.6% of plastic materials.
1
The company is ISO 14001:2015 certified for its Environmental Management System, with the certification valid until April 2026.
2
Silicom complies with RoHS3 and REACH regulations, and states that its products do not intentionally contain PFOS, PFOA, or ozone-depleting substances.
3
However, some products do contain substances on the REACH candidate list above the 0.1% reporting threshold.
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The company has not incurred any waste disposal violations in the past three years.