MASHINIi

Verra Mobility Corporation.

VRRM.US | Other business support service activities n.e.c.

Verra Mobility Corporation provides smart mobility solutions and services in the United States, Canada, and Europe. It operates in two segments, Government Solutions and Commercial Solutions. The Government Solutions segment offers automated safety solutions, including photo enforcement, red-light, ...Show More

Ethical Profile

Mixed.

Verra Mobility presents a mixed ethical profile. While its photo enforcement solutions reportedly reduce fatal red-light crashes by 21% and caught over 4.6 million violations in 2023, contributing to public safety, the company has faced significant challenges regarding its business practices. Verra Mobility restated financials by $30.9 million for fiscal years 2018-2020 due to accounting revisions, with internal controls over financial reporting deemed ineffective in 2020 and 2021. Additionally, the company experienced a data breach in March 2023, despite having privacy policies and security measures like encryption and cybersecurity training.

Value Scores

Better Health for All10
-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 Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

10

Verra Mobility's core business, automated safety solutions like red-light cameras, delivers substantial health benefits by reducing traffic fatalities and injuries. Studies indicate that red light running crashes were reduced by 21% (fatal) and 14% (all types) in large cities with cameras.

1
Conversely, cities that deactivated camera programs experienced a 30% higher fatal red-light running crash rate.
2
While there is evidence of an increase in rear-end collisions (Crash Modification Factor of 1.18), this is offset by a reduction in more severe right-angle collisions (CMF of 0.74) and overall fatalities.
3
The company's products directly contribute to preventative health measures by deterring dangerous driving behaviors and enhancing road safety. The company's products do not have direct health impacts or risks that require disclosure or mitigation, nor do they generate revenue from activities with established negative health outcomes.

Fair Money & Economic Opportunity

0

Verra Mobility Corporation provides smart mobility solutions, automated safety solutions, and toll and violation management services.

1
The provided articles do not contain specific, concrete data points related to the company's involvement in consumer lending, deposit services, or other traditional financial services. Consequently, there is no evidence to score any KPIs under the 'Fair Money & Economic Opportunity' value, which focuses on financial institutions' impact on financial inclusion, fair pricing, and wealth building for underserved populations.

Fair Pay & Worker Respect

10

In 2024, the CEO to median employee pay ratio was 72:1.

1
The company reported retention rates in 2024 of 90% for Government Solutions, 93% for Commercial Services, and 88% for Parking Solutions, which correspond to voluntary turnover rates of 10%, 7%, and 12% respectively.
2

Fair Trade & Ethical Sourcing

0

No specific quantitative data was provided in the articles to assess Verra Mobility Corporation against the Fair Trade & Ethical Sourcing KPIs. While the company mentions a Human Rights and Anti-Modern Slavery Policy, a Code of Conduct for Product and Service Providers, and ISO certifications (9001, 14001, 45001, 27001), no percentages for fair-trade certified spend, audit frequencies, number of forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend were found.

1
A partnership with a minority-owned business was noted, but without a corresponding percentage of the procurement budget, it cannot be scored against the relevant KPI.
2

Honest & Fair Business

-40

Verra Mobility has a formal whistleblower policy, effective January 1, 2024, which includes an EthicsLine for confidential and anonymous reporting.

1
The policy outlines procedures for reporting misconduct, details eligible whistleblowers and reportable matters, and addresses protection from retaliation and confidentiality.
2
The company restated its financials by $30.9 million for fiscal years 2018, 2019, and 2020 due to accounting revisions related to private placement stock warrants.
3
Its internal controls over financial reporting were deemed ineffective as of December 31, 2020, and 2021.
4
Verra Mobility also has a comprehensive anti-bribery and corruption policy that covers FCPA, the UK Bribery Act, and improper payments to government officials, with specific rules for gifts and business courtesies.
5
This policy outlines principles, rules, and guidance for all employees and third parties, detailing reporting procedures and responsibilities.
6

Kind to Animals

0

No evidence available to assess Verra Mobility Corporation on Kind to Animals.

No War, No Weapons

0

No evidence available to assess Verra Mobility Corporation on No War, No Weapons.

Planet-Friendly Business

0

Verra Mobility's 2024 Corporate Responsibility Report and related press releases explicitly state a lack of specific ESG metrics.

1
The report notes that it does not provide quantifiable data on Scope 1, 2, and 3 emissions, renewable energy use, water use, or waste diversion rates.
2
While the company's Arizona corporate headquarters is ENERGY STAR®-certified and over 100,000 transponder boxes were recycled in 2024, the absence of total facility numbers or total waste generated prevents these specific actions from being quantitatively assessed against the rubric's percentage-based KPIs.
3

Respect for Cultures & Communities

0

Verra Mobility has no reported cultural appropriation incidents across the provided articles.

1
The company has partnered with a minority-owned business, All Staffed Up, and employs local residents through this partnership, but specific quantitative data on the number of such suppliers or the percentage of local workforce is not provided.
2
No other specific, quantitative data points are available for the remaining KPIs related to respect for cultures and communities.

Safe & Smart Tech

0

Verra Mobility provides regular mandatory training for personnel regarding cybersecurity threats.

1
The company uses encryption for customer data at rest and in transit.
2
Users have rights to access, rectify, remove, restrict, and object to data processing, as outlined in its privacy policy.
3
The company documents, investigates, and resolves security incidents, and utilizes vulnerability assessments, certifications, audits, and cybersecurity threat intelligence to evaluate and improve technical safeguards.
4
Policies, standards, processes, and practices are periodically assessed and tested, including audits, assessments, tabletop exercises, threat modeling, and vulnerability testing.
5
Data is stored only as long as necessary, with exceptions for legal requirements.
6
The company's privacy policy states compliance with applicable data protection laws, including GDPR, CCPA, CPRA, VCDPA, CPA, CTDPA, and UCPA, and it complies with frameworks like NIST and ISO 27001.
7
No material cybersecurity incidents or threats were reported to have materially affected the company's business strategy, results of operations, or financial condition as of December 31, 2024.
8
However, a data breach was reported on March 24, 2023, with an unknown leak size.
9

Zero Waste & Sustainable Products

0

No specific, quantitative data points or factual evidence were found in the provided articles to assess Verra Mobility Corporation against any of the Zero Waste & Sustainable Products KPIs. The articles mention a corporate responsibility report but do not provide any details or metrics related to waste diversion, product recyclability, packaging sustainability, or other waste reduction initiatives.

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.