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SMX (Security Matters) Public Limited Company.

SMX.US | Other professional, scientific and technical activities n.e.c.

SMX (Security Matters) Public Limited Company focuses on providing solutions for marking and tracing materials. Their core technology involves embedding unique, unalterable markers directly into raw materials or products. These markers can then be detected and read using proprietary readers, enablin...Show More

Ethical Profile

Mixed.

SMX (Security Matters), focused on anti-counterfeiting and supply chain integrity, won Top Workplaces USA awards in 2024 and 2025. Employees largely rate SMX positively (Glassdoor 4.2/5, 84% recommend), though some reviews mention limited career opportunities or communication. However, SMX faced Nasdaq delinquency notices for allegedly failing to hold an annual general meeting and for its share price falling below $1.00. While SMX outlines ethical commitments and an internal hotline, these governance concerns are notable. SMX's technology can indirectly support ethical sourcing and health, but direct evidence of its own impact on environmental sustainability or community engagement is limited.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons-80
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

SMX's core technology, which provides marking and tracing for authentication and anti-counterfeiting, has multiple applications with substantial positive health impacts.

1
Its technology can combat counterfeit pharmaceuticals, a market with an estimated annual loss of $4.4 billion, and has an authentication accuracy of 99.9%.
2
It also enables FDA-compliant markers for recycled PET to enter food-grade applications and can be applied to animal feed, contributing to food safety.
3
The company's joint venture, Security Matters Beverages, aims to combat counterfeit alcohol, which is noted as a social problem and threat due to adulterated products.
4
The company does not generate revenue from products with direct negative health outcomes.
5
There is no evidence of user harm or safety incidents related to SMX's products.
6
The company's technology improves transparency in supply chains, which can indirectly reduce health risks, but there is no specific data on health risk disclosures.
7
While the company's technology can address issues like counterfeit alcohol, there is no evidence of specific programs or investments directly aimed at addiction mitigation.
8

Fair Money & Economic Opportunity

0

SMX (Security Matters) Public Limited Company is a technology company focused on marking and tracing materials for supply chain tracking and anti-counterfeiting.

1
Its core business does not involve lending, insuring, moving, or storing money for consumers.
2
Therefore, all KPIs related to financial services, 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 the company's operations.
3

Fair Pay & Worker Respect

10

SMX demonstrates strong employee engagement, with 84% of employees recommending the company to a friend and an overall employee rating of 4.2 out of 5 stars from 217 reviews.

1
This rating is in line with the average for the Information Technology industry.
2
The company has also received the Top Workplaces USA award in both 2024 and 2025, based on employee feedback and comparison to industry benchmarks.
3
There is no evidence of substantiated labor-law or human-rights violations in the past three years. No specific quantitative data is available for living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, voluntary employee turnover rate, insecure contract share, or health insurance coverage.

Fair Trade & Ethical Sourcing

0

SMX provides technology solutions for marking and tracing materials to enable supply chain transparency and ethical sourcing for its clients. The company states it complies with Federal Acquisition Regulation (FAR) 52.222-50, Combating Trafficking in Persons, and aligns its practices with the Trafficking Victims Protection Act (TVPA) and U.S. Customs and Border Protection’s Withhold Release Orders (WROs).

1
SMX actively verifies the integrity of its product supply chains by identifying, assessing, and addressing risks of human trafficking and forced labor, and conducts scheduled and unannounced audits of its suppliers based on risk factors.
2
All subcontracts exceeding $5,000,000 with a performance period over 120 days are required to include a Business Ethics and Compliance program.
3
However, the provided articles do not contain specific quantitative data on the percentage of SMX's own spend covered by fair-trade certifications, the average frequency of its supplier audits, the number of substantiated forced or child labor incidents in its own supply chain, the percentage of its own suppliers with traceable provenance data, the median days to close corrective action plans, the percentage of all supplier contracts with ethical clauses, the share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers.

Honest & Fair Business

-40

SMX maintains an internal hotline for anonymous reporting.

1
The company has internal controls to detect and prevent criminal conduct, including fraud, conflict of interest, bribery, and gratuity violations, and mentions training programs, vetting of new principals, periodic reviews, and audits.
2
However, specific details on the frequency or effectiveness of training, or the extent of due diligence for high-risk transactions, are not provided.

Kind to Animals

0

SMX (Security Matters) Public Limited Company provides technology solutions for marking and tracing materials, supply chain tracking, and anti-counterfeiting.

1
The company's core business model, as described in the provided articles, does not involve the production of animal-derived products, animal testing, animal husbandry, or direct operations that impact wildlife habitats. Therefore, all KPIs related to animal welfare, testing, sourcing, and conservation are not applicable to SMX's business based on the available evidence.

No War, No Weapons

-80

SMX's core technology, which includes molecular-level tagging, blockchain authentication, and AI-driven lifecycle tracking, is applicable to both civilian uses like circular economy applications and e-waste recycling, and military applications such as securing U.S. defense supply chains and preventing counterfeit parts in defense systems.

1
The company's AI technology is noted as assisting the growth of AI, but there is no evidence of specific ethical or technical safeguards for its potential military uses.
2
SMX aims to transition businesses to a low-carbon economy, which it aligns with sustainability goals, but this is a general statement of principle rather than evidence of concrete alignment with UN Guiding Principles on Business and Human Rights.
3
The company's solutions are being extended to the core of electronics manufacturing, but there is no evidence of codified ethical 'red lines' banning participation in controversial weapons supply chains.
4
While SMX's solution supports the recycling and reuse of e-waste, there is no verification of zero exposure to controversial weapons or the percentage of its supply chain certified free from conflict minerals.
5

Planet-Friendly Business

0

No relevant data was found in the provided articles to assess SMX.US against the 'Planet-Friendly Business' ethical value. All articles either returned a 404 error or contained general financial news without specific information pertaining to the company's environmental performance or initiatives.

Respect for Cultures & Communities

0

No specific, concrete evidence was found in the provided articles to assess SMX.US against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles either focused on other companies (Continental AG),

1
internal company matters (careers,
2
leadership development,
3
general diversity policy),
4
or technical aspects of their product (silver authentication proof of concept),
5
without providing data relevant to community engagement, cultural preservation, or local impact metrics.

Safe & Smart Tech

10

SMX's Cloud Managed Services are FedRAMP Authorized and ISO certified for Information Security Management, including ISO 27001 since 2016, ISO 9001 since 2005, and ISO 20000 since 2011.

1
The company offers world-class penetration testing and provides a Comprehensive Security Assessment that includes a Website Privacy Audit to assess cookie usage, data collection practices, and compliance with GDPR and CCPA.
2
SMX's solutions follow the NIST RMF framework and include an Automated Compliance & Reporting Platform.
3
The company also conducts an SSL Security Check to evaluate SSL/TLS configuration for weaknesses.
4

Zero Waste & Sustainable Products

-20

The company has no mentioned waste disposal violations or citations in any of the provided articles, indicating exemplary compliance over the past three years.

1

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.