Barnes Group.
B.US | Manufacture of other general-purpose machinery
Barnes Group Inc. is a global industrial manufacturer and service provider, serving a wide range of end markets and customers. The company operates through two segments: Industrial and Aerospace. The Industrial segment provides precision components, engineered solutions, and automation systems for v...Show More
Better Health for All
0
No specific, concrete evidence was found in the provided articles that directly addresses the company's impact on 'Better Health for All' as defined by the rubric. The rubric explicitly excludes workplace safety, worker rights, and environmental pollution control, focusing instead on the health impact, accessibility, and innovation of the company's products and services for the general public. All health-related information pertained to internal employee safety
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, employee assistance programs
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,
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, or environmental management
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, rather than the health impact, accessibility, or innovation of the company's products and services for the general public.
Fair Money & Economic Opportunity
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Barnes Group is an industrial manufacturer and service provider. The provided articles do not contain any information indicating that the company offers lending, deposit services, or any other financial products to consumers or underserved populations. Therefore, all KPIs related to financial services, fair lending, and economic opportunity are not applicable to the company's operations as described in the evidence.
Fair Pay & Worker Respect
0
The company's CEO to median employee pay ratio was 121:1 in 2023.
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Fair Trade & Ethical Sourcing
-30
Barnes Group requires suppliers complying with AS13100 to audit their work transfer program annually.
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Additionally, each supplier is assessed yearly for the number of corrective actions raised.
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The company also states it regularly conducts on-site supplier audits.
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Honest & Fair Business
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No evidence available to assess Barnes Group on Honest & Fair Business.
Kind to Animals
20
Barnes Group has an externally certified cruelty-free policy.
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The company is Leaping Bunny certified, which indicates it does not test on animals.
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No War, No Weapons
-50
Barnes Group derived 42% of its revenue from arms or defense contracts.
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The company's Human Rights Policy is consistent with the Guiding Principles of the UN Global Compact.
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Planet-Friendly Business
-20
Barnes Group reported zero environmental regulatory actions, violations, fines, or compliance issues in 2022.
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The company's Scope 1 and 2 GHG emissions for 2022 were 47,080 metric tons CO2e, representing a 17% reduction between 2019 and 2022.
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Water consumption in 2022 was 258,000 m³.
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The Mexico City facility achieved a 97.54% recyclable waste percentage
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and reduced hazardous waste by 40% from 14,600 kg in 2021 to 8,800 kg in 2022.
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The Motion Control Solutions facility reduced waste volume by 62.5 kg monthly
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and landfill waste by 50% monthly.
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Respect for Cultures & Communities
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The company has 5 formal partnerships with local community groups, including the School District of Philadelphia, the Free Library of Philadelphia, People’s Emergency Center, Philadelphia Parks & Recreation, and Puentes de Salud.
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Its Code of Conduct is available in nine languages.
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The company states that Free, Prior and Informed Consent (FPIC) processes are not applicable to its operations, as its context is not related to Indigenous land rights or resource extraction.
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No cultural appropriation incidents are mentioned.
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A general Policy Regarding Reporting of Complaints and Concerns is posted and handled by a third-party, but it is not community-specific.
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No specific cultural impact assessment protocol for company operations is mentioned, and no cultural site disruptions are reported. The Barnes Group Foundation supports over 500 schools and cultural centers globally since 1945,
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but no specific percentage of revenue is donated to cultural heritage organizations.
Safe & Smart Tech
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Barnes Group invested $5.2 million in cybersecurity infrastructure in 2023
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, representing approximately 0.36% of its $1.46 billion revenue
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, which falls below the industry average. The company has implemented encrypted communication protocols covering 95% of its communications
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. No material cybersecurity incidents or unauthorized data use incidents have been reported
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. Its privacy policy outlines user rights to access, correct, delete, and object to data processing
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, and mentions compliance with GDPR and CCPA
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. The company also has a cybersecurity program based on the NIST framework
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.
Zero Waste & Sustainable Products
-40
Barnes Group has a company-wide target to reduce industrial process waste from manufacturing operations by 15% by 2025, against a 2019 baseline.
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The company has implemented numerous waste reduction initiatives across its facilities. For example, the Barnes Aerospace West Chester, Ohio, facility reduced its spent solvent waste stream by over 90%, and the Force & Motion Control, Strömsholmen, Sweden, facility reduced its coolant waste stream volume by more than 90%.
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The Mexico City facility achieved a 40% reduction in hazardous waste between 2021 and 2022.
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Additionally, the Associated Spring location in Singapore implemented a paperless Purchase Requisition/Order process.
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In terms of compliance, Barnes Group incurred one minor fine of $4,918 for an Air Compliance non-conformance in 2019, but reported no fines or penalties for HSE non-conformance in 2020 and 2021.
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The company actively integrates circular design principles, evidenced by its participation in the HolyGrail 2.0 consortium
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and the Ellen MacArthur Foundation's Global Network,
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as well as developing new MRO repair methods, utilizing additive manufacturing, and designing for vehicle and aircraft weight reduction.
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