SmartKem, Inc..
SMTK.US | Manufacture of basic chemicals
SmartKem, Inc. is a US-based company focused on the development, licensing, and supply of organic semiconductor materials for use in flexible displays, microdisplays, and printed electronics. Their core technology revolves around organic thin-film transistors (OTFTs) and related materials that enabl...Show More
Better Health for All
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No evidence available to assess SmartKem, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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SmartKem, Inc. is a company focused on the development, licensing, and supply of organic semiconductor materials, not a financial institution.
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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 fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility for financial data, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for banking services, and product simplicity for financial products, are not applicable to its core business model.
Fair Pay & Worker Respect
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The provided articles do not contain specific, quantitative evidence to score any of the KPIs for Fair Pay & Worker Respect. While information on executive compensation, total employee headcount (27 full-time, 2 part-time as of December 31, 2024),
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and general policies like health and safety training,
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anti-bribery,
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and some employee benefits (pension, death in service scheme, sick pay, holiday entitlement)
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are mentioned, there is no data on median employee compensation, living wage coverage percentages, safety incident rates, pay equity ratios, worker engagement scores, voluntary turnover rates, labor law violations, or the share of the workforce on insecure contracts without benefits. Therefore, no KPIs can be scored based on the available information.
Fair Trade & Ethical Sourcing
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No specific, concrete data points relevant to Fair Trade & Ethical Sourcing for SMTK.US were found in the provided articles. All articles either resulted in a 404 error or explicitly stated that no relevant information for the company could be extracted.
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Honest & Fair Business
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SmartKem, Inc. had a financial restatement in 2021.
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The company has established procedures for confidential, anonymous submission of concerns regarding questionable accounting, auditing, or code of conduct violations.
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The proxy statement indicates that two board members, Ian Jenks and Sriram Peruvemba, are not independent due to their prior roles as executive officer and consultant, respectively.
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The company mentions an anti-hedging policy and a Code of Business Conduct and Ethics, but there is no detailed evidence of a comprehensive anti-corruption policy or its enforcement.
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An independent registered public accounting firm, Marcum LLP, audits the company's financial statements, with audit fees of $234,000 in 2023.
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Kind to Animals
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The provided articles do not contain any specific evidence regarding SmartKem, Inc.'s practices or policies related to animal welfare.
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The company's business focuses on organic semiconductor materials for displays.
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The articles discuss the company's technology's environmental benefits (reduced energy consumption, lower carbon footprint) and the broader market for non-animal testing alternatives, but provide no direct data on SmartKem's involvement in any animal welfare-related activities or initiatives.
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Therefore, no KPIs can be scored based on the available evidence.
No War, No Weapons
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The company screens all materials against lists of banned and restricted materials provided by display manufacturers, ensuring that any material on a banned list is not used in formulated products.
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Its OGI material is classified as dual-use under regulation (EC) No 428/2009, section 1C006d, and its export may require a Standard individual export license and an end-use declaration.
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The company is subject to export control and economic sanctions laws, which may prohibit sales to embargoed or sanctioned entities.
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However, there is no information regarding the percentage of revenue from arms contracts, the scope of R&D investment in dual-use technologies, or any peacebuilding initiatives.
Planet-Friendly Business
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The provided articles discuss SmartKem's technology, which uses a lower-temperature solvent-based process for depositing dielectrics on screen substrates, potentially reducing energy consumption and carbon emissions in screen manufacturing compared to traditional high-temperature methods.
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The articles also highlight the broader industry trend towards sustainability, driven by rising energy costs, impending carbon taxes, and net-zero commitments from other major display manufacturers.
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However, the articles do not provide any specific, quantitative data regarding SmartKem's own operational environmental performance, such as its total greenhouse gas emissions, renewable energy usage, water consumption, waste diversion rates, or any other metrics related to its direct environmental stewardship.
Respect for Cultures & Communities
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No specific, concrete evidence was found in the provided articles to assess SmartKem, Inc. against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles either contained no relevant information, were missing content, or explicitly stated that data for these metrics was unavailable. While employee numbers were mentioned, they did not provide the specific proportions or details required by the KPIs, such as local employment ratios or community engagement metrics.
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Safe & Smart Tech
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No evidence was found across the provided articles regarding SmartKem's performance on data protection, cybersecurity, or responsible AI practices.
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The articles primarily focus on business agreements and general company information, explicitly stating a lack of data for all relevant KPIs.
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Zero Waste & Sustainable Products
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SmartKem's MiP4 technology has reduced GaN epitaxial material usage by 84% compared to the conventional Chip-on-Board method, using only 11.56mm² of GaN area per backlight unit versus 73.6mm².
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The company also achieves an organic material utilization efficiency of 75% for slot dye coating.
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