MASHINIi

Bel Fuse Inc..

BELFA.US | Manufacture of electronic components and boards

Bel Fuse Inc. is a global manufacturer of products that power, protect and connect electronic circuits. The company designs, manufactures, and sells a broad array of products including magnetic solutions (integrated connector modules, power transformers, power inductors and discrete components), pow...Show More

Ethical Profile

Mixed.

Critics point to Bel Fuse Inc.'s 2024 CEO median pay ratio of 284:1 and employee dissatisfaction with compensation (2.7/5 on Glassdoor). The company's military sector involvement is significant, with aerospace and defense revenue rising to 31% of total and Q3 2024 military sales reaching $11.6 million. A data breach also impacted employee and partner sensitive data. Bel Fuse promptly disclosed this and complies with GDPR and the EU-U.S. Data Privacy Framework. Environmentally, 73% of its manufacturing footprint is ISO 14001 certified, and 68% of components were reportedly recyclable in 2022, plus it's RoHS/REACH compliant.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-20
-100100
Fair Trade & Ethical Sourcing-60
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons-40
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

0

No evidence available to assess Bel Fuse Inc. on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess Bel Fuse Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

-20

Bel Fuse Inc.'s CEO to median employee pay ratio was 284:1 in 2024.

1
Approximately 471 associates worldwide are covered by collective bargaining agreements, which represents about 6.73% of the company's 7,000 full-time employees.
2
Employee reviews on Glassdoor indicate an average satisfaction rating of 3.2 out of 5 stars (64%), with 36% of employees stating they would recommend working at Bel Fuse.
3
Compensation and benefits received a rating of 2.7 out of 5 stars, with common complaints about limited salary increases and mediocre raises and bonuses.
4
The company's Code of Ethics, updated in July 2025, states a commitment to equal opportunities and a safe and healthy work environment, prohibiting unlawful harassment and discrimination.
5
The company also complies with applicable wage laws, including minimum wages and overtime, and respects workers' rights to associate freely.
6

Fair Trade & Ethical Sourcing

-60

Bel Fuse Inc. explicitly states that it does not perform or direct audits of smelters and refiners within its supply chain, as reported for both 2021 and 2024.

1
Since 2013, the company's purchase orders incorporate its Conflict Minerals Policy by reference.
2
The company also requires suppliers to undertake commercially reasonable due diligence regarding their supply chain and prohibits sourcing from the Xinjiang Uyghur Autonomous Region of China or the UFLPA Entity List.
3

Honest & Fair Business

-40

The company has a formal whistleblower policy, updated as recently as July 23, 2025, which includes an Ethics Compliance Hotline/Website.

1
It explicitly states that retaliation against anyone who makes a good faith report of misconduct will not be tolerated, and reports concerning senior management can be directed to the Audit Committee or the hotline.
2
However, there is no evidence regarding independent investigation processes, training frequency, or resolution times. A comprehensive anti-corruption policy is in place, requiring compliance with the Foreign Corrupt Practices Act (FCPA) for all associates, officers, and directors worldwide.
3
The policy prohibits bribery, kickbacks, facilitation payments, and requires due diligence for business partners.
4
However, there is no evidence of the frequency or effectiveness of training, or specific monitoring programs.

Kind to Animals

0

No data relevant to BELFA.US and the 'Kind to Animals' value was found across the provided articles.

1
The articles explicitly state that they contain no quantitative data, regulatory actions, certifications, or other information pertaining to animal welfare for the company.
2

No War, No Weapons

-40

Following the acquisition of Enercon, completed in Q4 2024, aerospace and defense became Bel Fuse Inc.'s largest end market.

1
This acquisition increased the company's aerospace and defense revenue to approximately 37% of consolidated total revenue.
2
Prior to the acquisition, aerospace and defense revenue was 17.5% of total revenue.
3
Military sales were $10.4 million in Q1 2023 and $11.6 million in Q3 2024.
4

Planet-Friendly Business

0

The company lacks publicly available data for all assessed Planet-Friendly Business KPIs.

1
Information regarding carbon emissions, science-based targets, renewable energy usage, water consumption, green building certifications, waste diversion rates, and other environmental performance metrics is not provided in the available articles.
2
There is also no information on environmental compliance violations, climate-related financial disclosures, or climate justice initiatives.
3

Respect for Cultures & Communities

0

No relevant data was found in the provided articles to assess BELFA.US against the 'Respect for Cultures & Communities' value. Both articles provided were 404 error pages, yielding no information.

1

Safe & Smart Tech

-10

Bel Fuse Inc. is certified to the EU-U.S. Data Privacy Framework, UK Extension to the EU-U.S. DPF, and Swiss-U.S. DPF.

1
The company outlines user rights to access, correct, erase, object, restrict, and transfer their data, which is an industry-standard approach.
2
Bel Fuse Inc. retains personal data for six years, or longer if legally required, which falls into the 5-7 year retention period category.
3
The company explicitly states compliance with GDPR, UK GDPR, and Swiss DPA.
4

Zero Waste & Sustainable Products

-10

In 2022, 68% of product components were recyclable, and 68% of new product designs focused on improved recyclability.

1
The company is 100% compliant with RoHS and REACH regulations for hazardous materials.
2

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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.