MASHINIi

Twin Vee PowerCats Co..

VEEE.US | Building of pleasure and sporting boats

Twin Vee PowerCats Co. designs, manufactures, and sells recreational and commercial power catamaran boats. The company offers a range of boats from smaller models suitable for fishing and leisure to larger models designed for offshore activities and commercial applications. Twin Vee distributes its ...Show More

Ethical Profile

Mixed.

Twin Vee PowerCats Co. receives mixed reviews on ethical practices. While some employees praise 'generous starting wages,' critics point to a reported lack of benefits and 'poor management.' Concerns have also been raised regarding potential safety issues, including alleged fiberglass exposure beyond allowable limits. In 2023, the CEO's compensation was $679,774. On the environmental front, Twin Vee has announced its entry into the EV marine market, a step towards planet-friendly business. The company maintains a formal whistleblower policy and states compliance with anti-bribery laws like the FCPA, though detailed data on regulatory fines or transparency is not publicly available.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No relevant evidence was found in the provided articles to assess Twin Vee PowerCats Co. against any of the 'Better Health for All' KPIs. was inaccessible, and explicitly stated that no data was provided for any 'Better Health for All' metrics.

1
The SDG Transparency Score mentioned in is not a KPI within this rubric.

Fair Money & Economic Opportunity

0

No evidence available to assess Twin Vee PowerCats Co. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No specific, quantitative data points were found in the provided articles to assess Twin Vee PowerCats Co. against the defined KPIs for Fair Pay & Worker Respect. While employee reviews mention concerns about potential safety issues like fiberglass exposure and mixed opinions on benefits, these are not substantiated violations or quantifiable metrics like a safety incident rate or health insurance coverage percentage.

1
CEO compensation figures are provided, but without the company's median employee compensation, the CEO-to-median pay ratio cannot be calculated.
2
Similarly, there is no data on living wage coverage, collective bargaining, pay equity, worker engagement scores, turnover rates, or the share of insecure contracts.
3

Fair Trade & Ethical Sourcing

0

No evidence available to assess Twin Vee PowerCats Co. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-20

Twin Vee PowerCats Co. has a formal whistleblower policy, approved July 19, 2021, which outlines procedures for receiving, investigating, and resolving complaints related to accounting, internal controls, auditing, and code of conduct violations.

1
The policy explicitly addresses confidentiality, anonymity, and anti-retaliation measures, referencing Sarbanes-Oxley Act Sections 806 and 1107.
2
Complaints are forwarded to the Audit Committee Chairperson for investigation by Audit Committee members or designated parties, and proceedings are documented.
3
An annual review of procedures is mandated.
4
The company's Code of Conduct and Ethics explicitly mentions compliance with the U.S. Foreign Corrupt Practices Act (FCPA) and other global anti-bribery laws, such as the UK Bribery Act.
5

Kind to Animals

0

No information regarding animal welfare, cruelty-free certifications, animal testing, ethical sourcing, humane practices, or wildlife conservation initiatives was found in the provided articles.

1
The articles focus on the company's boat products and entry into the electric marine market.
2

No War, No Weapons

0

The provided articles do not contain specific, concrete data points or verifiable facts to assess Twin Vee PowerCats Co. against any of the 'No War, No Weapons' KPIs. The company's core business is described as designing, manufacturing, and selling recreational and commercial power catamaran boats, which does not inherently involve arms or defense. However, no explicit evidence was found regarding revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investments, or any other defense-related activities or policies.

1
Article 1 explicitly states that sustainability data is unavailable for the company regarding this value, and other articles were inaccessible
2
or provided only a general transparency score not relevant to specific KPIs.
3

Planet-Friendly Business

0

No relevant information regarding the company's environmental performance, targets, or initiatives was found in the provided articles. The available article discusses the company's entry into the EV marine market but does not provide specific data points for any of the environmental KPIs.

1

Respect for Cultures & Communities

0

The provided articles do not contain any specific, quantitative, or qualitative factual evidence pertaining to Twin Vee PowerCats Co.'s engagement with local or indigenous communities, cultural impact assessments, community investments, cultural appropriation incidents, or any other metrics relevant to the 'Respect for Cultures & Communities' value.

1
Therefore, no KPIs can be scored based on the available information.

Safe & Smart Tech

0

The company has not reported any cybersecurity incidents as of March 27, 2024.

1
Its privacy policy allows users to opt-out of emails and marketing materials and remove their contact information.
2
The company conducts an annual assessment of cyber risks and a mitigation plan.
3
Furthermore, the company states efforts to meet EU data protection regulations (GDPR) and mentions compliance with the NIST Cybersecurity Framework (CSF).
4

Zero Waste & Sustainable Products

0

No evidence available to assess Twin Vee PowerCats Co. on Zero Waste & Sustainable Products.

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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.