Vicor Corporation.
VICR.US | Manufacture of electronic components and boards
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems based on a portfolio of patented technologies. The company's power modules and systems are used in a variety of applications, including high-performance computing, communications infrastructure,...Show More
Better Health for All
0
No specific, concrete data points were found in the provided articles to assess Vicor Corporation against the 'Better Health for All' ethical value. The articles either provided general ESG scores without specific details, focused on product reliability without linking to user harm, or discussed a single case study without company-wide health impact metrics. Therefore, no KPIs could be scored based on the provided evidence.
Fair Money & Economic Opportunity
0
Vicor Corporation is a manufacturer of power components and systems, not a financial institution. Therefore, most KPIs related to financial services, such as underserved client share, pricing fairness (for financial products), exploitative fee exposure, fair lending compliance, wealth building outcomes, debt burden ratio, and product simplicity (for financial products), are not applicable to its core business model. The company does not offer lending or deposit services to consumers, nor does it generate customer finance data. While the company invests in factory expansion and research and development, and offers employee benefits, these are standard business practices and employee compensation, not specific reinvestment in community finance or profit-sharing with underserved communities as defined by the rubric.
1
The company provides on-site education for employees covering financial planning, but this is not a broad financial literacy program for customers.
2
Its geographic presence is for sales and technical support of its products, not for providing financial service access points in underserved areas.
3
Inclusion initiatives focus on equal employment opportunities and employing disabled individuals, which are not related to financial inclusion through loan/insurance books.
4
Fair Pay & Worker Respect
40
For fiscal year 2024, Vicor Corporation's CEO-to-median employee pay ratio was 9:1, with the CEO's total compensation at $719,107 and median employee pay at $81,950.
1
The company offers medical, dental, and vision insurance for employees and their dependents, with costs shared between the company and employees.
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It also provides subsidized life and disability policies.
3
Fair Trade & Ethical Sourcing
0
No evidence available to assess Vicor Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-40
Vicor Corporation has a formal whistleblower policy, including a Lighthouse Hotline, an anonymous reporting app, and a Corporate Governance Hotline for serious concerns, with a stated prohibition against retaliation.
1
The Audit Committee is responsible for establishing procedures for handling accounting and auditing complaints, and the Chief Compliance Officer serves as ombudsman.
2
Annual training is required for all employees, with enhanced training for supply chain management, specifically addressing forced labor.
3
The company adopted a compensation recovery policy in 2023 for incentive-based compensation in restatements.
4
Only four of eleven directors are independent, and the CEO controls approximately 79.6% of voting power, indicating a controlled company structure with no lead independent director.
5
Vicor has an anti-corruption policy that prohibits bribery, references compliance with the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act, sets a $150 gift limit for non-government individuals, and a $100 limit for facilitating payments to government officials, requiring prior written approval.
6
The company emphasizes auditing third parties and is implementing new software to enhance supplier verification for risks like corruption and forced labor, but the extent of independent verification of ethical claims is not specified.
7
Kind to Animals
0
No evidence available to assess Vicor Corporation on Kind to Animals.
No War, No Weapons
-80
Vicor's DC-DC converters are used in Russian weapons systems and over 2,000 foreign-made electronic components, primarily from the U.S., were found in Russian Sukhoi fighter jets, indicating indirect exports to a sanctioned regime.
1
The company has no explicit conflict-zone divestment policy.
2
The Board of Directors is responsible for monitoring compliance with the Code of Conduct, and an independent member of the Board oversees the Corporate Social Responsibility Committee, which assesses CSR policy and designs metrics.
3
Vicor is committed to eliminating forced labor from its supply chain, screens new suppliers for environmental and social concerns, and continues to monitor them.
4
Vicor is implementing new software enhancements to its audit program to assist in supplier verification for risks like forced labor and legal violations.
5
The company's risk-based due diligence process reviews business activities in accordance with the U.N. Guiding Principles for Business and Human Rights, and it affirms compliance with the California Transparency in Supply Chains Act and the U.K. Modern Slavery Act.
6
Vicor's Code of Business Conduct describes corporate values but does not codify specific ethical 'red lines' banning categories of weapons.
7
The company has published positions regarding the use of conflict minerals and slave labor, but its products are used in defense electronics, and it is a vendor to prime contractors serving the U.S. Department of Defense, suggesting indirect ties to controversial weapons.
8
Vicor maintains a comprehensive business continuity and disaster recovery plan, which includes supply chain continuity, with portions regularly tested.
9
The Corporate Social Responsibility Committee assesses CSR policy and works with the Board of Directors to design metrics for long-term goals.
10
Vicor acknowledges that certain products contain tin, tungsten, tantalum, and/or gold (3TG) and identified 47 smelters potentially sourcing from the Democratic Republic of Congo or adjoining countries; 35 of these are RMAP-certified conflict-free.
11
Vicor identified 47 smelters as sourcing or potentially sourcing from the DRC or adjoining countries.
12
Planet-Friendly Business
-20
Vicor Corporation recycles approximately half of its total waste generation.
1
The company maintains a strong record of compliance with federal, state, and local environmental laws and regulations, with no reported violations.
2
Vicor has a policy to avoid using 'Conflict Minerals' from the Democratic Republic of the Congo and adjoining countries, requiring suppliers to be DRC conflict-free and documenting its supply chain.
3
Respect for Cultures & Communities
20
Vicor Corporation has not reported any cultural appropriation incidents.
1
Formal grievance mechanisms are available to community stakeholders, including a Whistleblower Hotline with phone numbers for various regions (U.S., Canada, Mexico, other countries) and an anonymous reporting app, covering over 90% of operational sites.
2
Vicor is involved in a project to restore coral reefs, which are important ecosystems for coastal communities, and has designed a 'zero-wastewater' discharge process.
3
The company's Lighthouse Hotline for grievances is available in English, Spanish, and French for North America, and Spanish for Mexico, indicating limited local language incorporation.
4
Safe & Smart Tech
0
Vicor Corporation's 2025 10-K filing states that cybersecurity threats have not materially affected the company and no specific data breach incidents or unauthorized data use incidents are reported.
1
The company's Code of Business Conduct mentions respect for data privacy rights under laws like CCPA and GDPR, and provides an email for reporting data privacy-related offenses.
2
The company's CSR report indicates compliance with cybersecurity requirements, including those of the US Department of Defense, and mentions systems and processes for testing safety standards and evaluating regulatory compliance.
3
The 2025 10-K also notes the company employs a CISO with over 20 years of experience and CISSP certification, and uses external consultants for penetration testing and incident response, indicating a 'defense-in-depth' methodology for vulnerability management.
4
The Code of Business Conduct also explicitly mentions compliance with various regulations, including FCPA, UK Bribery Act, CCPA, GDPR, and the ePrivacy Directive.
5
Zero Waste & Sustainable Products
-40
Vicor Corporation historically recycles over 60% of its solid waste.
1
The company has implemented several waste reduction initiatives, including aggressive solid waste recycling programs, a water recycling system that results in a zero-wastewater discharge process, and actively seeks to identify opportunities to reduce waste volume and find new recycling partners.
2
Hazardous and non-hazardous materials are disposed of and recycled under contract with licensed third parties.
3
Vicor conducts periodic internal waste audits.
4
No waste disposal violations have been reported in the past three years.
5
The company redesigned manufacturing steps to address toxic processes, which reduced materials costs, and its new ChiP fab uses a proprietary production technique enabling power-dense products, but no specific percentage improvement in material efficiency is provided.
6
Vicor has company-wide waste reduction targets, with its CSR Committee assessing policy annually and setting long-term goals.
7
The company requires its parts and material suppliers to provide declarations guaranteeing compliance with the RoHS Directive and requires all parties in its Supplier Base to be DRC Conflict Free.
8
Vicor provides basic disposal information on some products. Vicor's high-density power modules are designed for improved thermal capability, allowing for extended high-temperature operation without reducing life expectancy, and are designed to withstand the rigors of EV battery recycling.
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