Carbon Revolution Public Limited Company.
CREV.US | Manufacture of parts and accessories for motor vehicles
Carbon Revolution Public Limited Company specializes in the design, manufacture, and sale of lightweight carbon fiber wheels for the global automotive industry. They focus on producing high-performance wheels for original equipment manufacturers (OEMs) and aftermarket customers. Their products are e...Show More
Better Health for All
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The company manufactures lightweight carbon fiber wheels that can improve vehicle efficiency, reduce fuel consumption, increase electric vehicle range by 5-10% if weight savings are reinvested in battery mass, and reduce road noise.
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The products are premium, costing between $5,000 and $15,000, limiting the market to vehicles over $80,000.
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The company invests in R&D, with A$16.9 million in FY22 and A$36.1 million in FY24, including A$18.9 million impairment of intangible assets.
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The company's operations are committed to preventing pollution and minimizing environmental impact, maintaining acceptable air quality, and are ISO 14001 certified.
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The company experienced production disruptions, employee absences, and supply shortages due to the COVID-19 pandemic.
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Workplace injuries have occurred at the production facility, and employees may suffer injuries during R&D and product testing.
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The company's most recent Enterprise Agreement, certified by the Fair Work Commission, operates from July 11, 2023, to July 4, 2025, outlining pay rates and conditions.
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The company's IT systems experienced unauthorized access to one email account in early 2019, and errors caused shareholders to access other shareholders' information on two occasions.
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The company's Board participates in cybersecurity policy development and oversight.
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The company acknowledges the risk of mental health issues for employees caused or exacerbated by the workplace.
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Fair Money & Economic Opportunity
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Carbon Revolution Public Limited Company specializes in the design, manufacture, and sale of lightweight carbon fiber wheels for the automotive industry.
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The company's core business is manufacturing, not providing financial services such as lending, insurance, or money management to consumers or underserved communities.
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Therefore, all KPIs under the 'Fair Money & Economic Opportunity' value, which are designed to assess financial institutions and their financial products, are not applicable to Carbon Revolution, as evidenced by the company's business model described in the articles.
Fair Pay & Worker Respect
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No evidence available to assess Carbon Revolution Public Limited Company on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific, quantitative evidence was found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. Information regarding fair-trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend was not explicitly stated with measurable data points.
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Honest & Fair Business
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Carbon Revolution adopted a comprehensive Whistleblower Policy on August 22, 2024, which includes multiple reporting channels, allows anonymous reporting, and explicitly prohibits retaliation.
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The policy states that investigations will be fair and independent, and the Audit and Risk Committee receives summaries of reports.
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However, there is no evidence regarding the frequency of training, uptake rates, or specific resolution times for whistleblower reports. The company will restate its unaudited financial statements for the six months ended December 31, 2023, due to errors in the classification of transaction costs, which understated the net loss by approximately US$8.9 million.
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Management also identified material weaknesses in internal control over financial reporting and ineffective disclosure controls as of December 31, 2023.
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The company adopted a Foreign Corrupt Practices Act and Anti-Corruption Policy on November 6, 2023, which applies to all directors, personnel, and contractors, and requires due diligence on third-party agents.
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However, there is no evidence of specific training frequency or effectiveness metrics for this policy.
Kind to Animals
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No evidence available to assess Carbon Revolution Public Limited Company on Kind to Animals.
No War, No Weapons
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The provided article focuses solely on Carbon Revolution's automotive business and explicitly states that it contains no data relevant to defense contracts, peacebuilding initiatives, or any other metrics related to the 'No War, No Weapons' value.
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Therefore, no specific, concrete evidence could be extracted for any of the KPIs in the rubric.
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Planet-Friendly Business
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The provided articles do not contain specific quantitative data or concrete actions for any of the Planet-Friendly Business KPIs. While one article mentions the company's circular economy model and potential for carbon reduction, it lacks specific emissions figures, renewable energy percentages, or waste diversion rates.
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Another article outlines an environmental policy and the implementation of an Environmental Management System certifiable to ISO 14001, but no measurable outcomes or specific certifications relevant to the KPIs (e.g., green building certifications, water use per revenue, or lifecycle impact analysis percentages) are provided.
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No information is available regarding science-based targets, climate-positive investments, supply chain transparency, or climate risk disclosures.
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The articles also do not provide any specific number of environmental compliance violations, only a commitment to compliance.
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Respect for Cultures & Communities
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No evidence available to assess Carbon Revolution Public Limited Company on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess Carbon Revolution Public Limited Company on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Carbon Revolution's environmental policy outlines commitments to preventing pollution, minimizing waste and resource consumption, and responsibly managing chemicals and hazardous materials.
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The policy also states an intent to understand product lifecycle impacts and implement procurement procedures aligned with its environmental goals.
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However, the provided articles do not contain specific quantitative data or measurable outcomes for any of the 'Zero Waste & Sustainable Products' KPIs for Carbon Revolution Public Limited Company (CREV.US).