Ametek Inc.
AME.US | Manufacture of measuring, testing, navigating and control equipment
Ametek, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The company operates through two main segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). The EIG segment produces advanced monitoring, testing, calibration, and display instrum...Show More
Better Health for All
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Ametek manufactures electronic instruments and electromechanical devices, including components for medical devices.
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These products do not have direct negative health impacts, addiction potential, or inherent health risks requiring specific disclosure. As a business-to-business supplier, Ametek does not directly offer health-related products or services to end-users, nor does its business model involve serving vulnerable populations with health needs or collecting health-related data. The company does not operate in the pharmaceutical, food, or clinical trial sectors.
Fair Money & Economic Opportunity
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Ametek Inc. operates primarily in manufacturing electronic instruments and electromechanical devices, with limited involvement in equitable financial services or small business empowerment.
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As such, the company does not offer lending or deposit services, consumer credit products, or manage customer finance data. While the AMETEK Foundation supports arts, culture, health, welfare, and STEM education for underserved students, these philanthropic activities do not constitute community finance reinvestment or profit-sharing with underserved communities as defined by the 'Fair Money & Economic Opportunity' value.
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Fair Pay & Worker Respect
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Ametek Inc. settled a gender discrimination lawsuit in October 2023 with a female finance manager who alleged she was overlooked for a promotion in favor of a male colleague.
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The lawsuit claimed violations of Title VII of the Civil Rights Act of 1964 and the Pennsylvania Human Relations Act, and had been reinstated by the U.S. Court of Appeals in December 2022.
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The company's Code of Conduct emphasizes fair remuneration, health and safety, and prohibits forced or child labor, with these expectations also extended to suppliers.
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As of December 31, 2022, Ametek reported approximately 19,600 employees, with 42% identified as diverse.
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In 2022, the company achieved its lowest lost-time incident rate on record.
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Fair Trade & Ethical Sourcing
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The provided articles discuss AMETEK's policies and due diligence efforts related to ethical sourcing, including a Supplier Code of Conduct, Human Rights Policy, and Conflict Minerals Policy.
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The company requires certificates of origin and conducts due diligence for conflict minerals
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, classifying products as 'DRC Conflict Undeterminable' in 2022.
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In 2021 surveys, 24% of identified conflict minerals were undeterminable and 7% unknown.
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However, the articles do not provide specific quantitative data points for the KPIs in the rubric, such as the percentage of spend covered by fair-trade certifications, audit frequency, number of forced or child labor incidents, traceability coverage, remediation speed, percentage of contracts with ethical clauses, share of spend on high-risk materials, or supplier diversity spend.
Honest & Fair Business
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No evidence available to assess Ametek Inc on Honest & Fair Business.
Kind to Animals
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No specific, concrete data points related to animal welfare, animal testing, cruelty-free certifications, humane operations, ethical sourcing, or measurable wildlife conservation impact were found in the provided articles. The articles discuss general sustainability efforts, supplier standards, and R&D investment but do not offer details relevant to the 'Kind to Animals' KPIs.
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No War, No Weapons
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Ametek maintains a robust Supplier Code of Conduct and Human Rights Policy, which emphasizes ethical compliance, worker rights, and non-discrimination.
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This policy ensures no forced or child labor
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and prohibits bribery, requiring suppliers to comply with trafficking and slavery laws globally.
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Planet-Friendly Business
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In 2024, Ametek sourced 8.5% of its total energy consumption from renewable sources.
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The company has not incurred significant fines for environmental or occupational safety non-compliance over the past five years.
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Ametek has aligned its disclosures with the Task Force on Climate-Related Financial Disclosures (TCFD)
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and has qualitatively addressed the differing impacts of two climate scenarios, including a rapid transition to a low-carbon economy.
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Respect for Cultures & Communities
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Ametek Inc.'s business model, focused on electronic instruments and electromechanical devices, does not substantially engage in activities that actively involve indigenous peoples or directly impact cultural sites.
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The company does not inherently involve cultural exploitation or community displacement, and there are no reported cultural appropriation incidents.
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Consequently, several cultural engagement and preservation protocols, such as formal partnerships with indigenous groups, cultural impact assessments, FPIC processes, cultural preservation investment, cultural site protection, social license to operate, and cultural incident response frameworks, are not applicable to its current operations.
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Safe & Smart Tech
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Ametek has integrated AI into its manufacturing processes for operational efficiency and product quality, including AI-driven inspection systems and predictive maintenance.
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However, the provided information does not specify any measures regarding data privacy, cybersecurity, or AI bias mitigation for these systems. Specific details about Ametek's security and compliance strategies in AI adoption are unavailable.
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Zero Waste & Sustainable Products
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AMETEK has implemented several waste and resource reduction initiatives. Its Engineered Interconnect and Packaging (EIP) division's recycling process at Sealtron diverts over 12,000 pounds of waste from landfills annually.
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The AMETEK SFMS division achieved a 90% reduction in nitrogen consumption for testing and significant energy savings through LED installation.
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Additionally, AMETEK MOCON collaborates on developing biodegradable films from agricultural waste.
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