Caesarstone Ltd..
CSTE.US | Manufacture of other non-metallic mineral products n.e.c.
Caesarstone Ltd. is a global manufacturer of high-quality engineered quartz surfaces. The company's products are used in a variety of applications, including kitchen countertops, bathroom vanities, wall cladding, and flooring. Caesarstone distributes its products through a network of fabricators, re...Show More
Better Health for All
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No evidence available to assess Caesarstone Ltd. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Caesarstone Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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In 2022, the company's recordable occupational injury rate (TRIR) was 0.78 per 200,000 hours, calculated from 18 work-related injuries over 4,608,240 work hours.
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Gender pay gaps of approximately 7% were observed, primarily related to expense reimbursements, indicating women earn around 93% of men's pay.
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Employee engagement, as reflected by an overall Glassdoor rating of 2.5 out of 5 stars, suggests a score of 50/100.
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The total voluntary employee turnover rate was 43% in 2022.
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The company incurred $11,000 in fines for minor non-compliance with laws and regulations, with no violations leading to criminal proceedings.
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Fair Trade & Ethical Sourcing
-60
Caesarstone conducts on-site audits for major raw material suppliers at least 1-2 times annually, and for smaller raw material suppliers at least once every three years.
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In 2024, social and environmental audits were performed on major business partners according to the global SMETA standard.
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The company reported zero incidents of forced or child labor in its Canada operations and supply chains during 2023, and no incidents were reported in its 2021 Modern Slavery Statement.
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However, the company identifies OEM producers in the Far East and raw material suppliers in Turkey and the Far East as being at higher risk for child labor, hazardous work, and forced labor incidents.
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Caesarstone slabs are uniquely stamped with identification information for authenticity, but there is no multi-tier traceability data beyond general inspection of raw materials at supplier facilities and upon arrival.
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The company strives to include provisions in contracts requiring suppliers' assurance of compliance with applicable laws, including modern slavery and human trafficking laws, and major suppliers are required to sign a commitment for compliance.
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ESG considerations are incorporated into the vendor selection process, which includes a comprehensive questionnaire covering topics like child labor.
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A periodic risk-based assessment of suppliers is conducted, with high or medium-risk suppliers assessed for follow-up measures.
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Honest & Fair Business
-20
A formal whistleblower policy exists with reporting channels and a commitment to confidentiality and no retaliation.
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One employment-related complaint was received through the hotline in 2023.
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The Audit Committee Charter outlines procedures for handling complaints regarding accounting, internal controls, and auditing matters, including a potential whistleblower policy.
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The company has an anti-corruption policy that prohibits bribery, gifts, and facilitation payments, and requires accurate record-keeping.
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The Audit Committee Charter explicitly mentions oversight of compliance with the Foreign Corrupt Practices Act (FCPA).
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The company holds certifications such as Greenguard Gold, NSF51, SCS for recycled content, and EPD for some models, indicating some third-party verification of ethical claims and compliance.
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Kind to Animals
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Caesarstone is listed by a third-party source as a company that does not exploit animals.
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Given the company manufactures engineered quartz surfaces, its core business model does not involve animal testing or animal-derived products.
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Therefore, there are no in-house or contracted animal testing operations, and no live animals are used or counted in testing.
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No War, No Weapons
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No specific, concrete data points were found in the provided articles to assess Caesarstone Ltd. against any of the KPIs for the 'No War, No Weapons' ethical value. The articles explicitly state a lack of data regarding arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, conflict divestment policy, board oversight of defense, export certifications, lobbying, humanitarian compliance, human rights due diligence, Arms Trade Treaty compliance, AI military safeguards, UNGP alignment, dual-use screening, surveillance transparency, ethical red lines, zero exposure to controversial weapons, war risk audits, annual conflict partner reviews, defense divestment, conflict minerals, peace tech investment, conflict zone procurement, or ethical red lines compliance rates.
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While one article mentions donations to communities affected by war, it does not provide a proportion of revenue or specify if these are peacebuilding or disarmament initiatives, thus not meeting the quantitative requirements of the 'peacebuilding_investment' KPI.
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Planet-Friendly Business
-30
Caesarstone Ltd. reported total Scope 1, 2, and 3 greenhouse gas emissions of 87,643 tCO₂e in 2023.
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The company achieved 99% wastewater recovery and reuse across all production sites, with zero water discharge from its Bar Lev, Sdot Yam, and Lioli facilities.
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The waste diversion rate at its Lioli facility is 100%, indicating zero waste to landfill.
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In 2023, the company had zero incidents of non-compliance with environmental laws and regulations that resulted in monetary fines or sanctions.
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Regarding recycled materials, 31% of the entire product portfolio contains at least 40% recycled material, and 45% of its mineral collection contains 14-50% recycled material.
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For renewable energy, 100% of electric forklifts are used in Bar Lev (as of June 2024), and 21% of forklifts in North America (33% of the total fleet) are electric.
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Respect for Cultures & Communities
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No specific, quantitative evidence was found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities'. The articles contained general information about community donations and employee training, but lacked the specific metrics required by the rubric, such as formal partnerships with indigenous groups, percentage of revenue reinvested locally, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, or cultural preservation investments.
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Safe & Smart Tech
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No evidence available to assess Caesarstone Ltd. on Safe & Smart Tech.
Zero Waste & Sustainable Products
-50
Caesarstone achieved a 24% reuse or recycling rate across all production sites by the end of 2023, with its Lioli facility reaching a 100% reuse and recycling rate in the same year.
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The company uses up to 30% recycled raw materials in its products, and 31% of its entire portfolio contains at least 40% recycled material.
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Caesarstone ICON is made with approximately 80% recycled materials.
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The company aims for 100% reuse or recycling for zero waste to landfill at all production sites by 2030.
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Products carry a lifetime warranty in most markets, indicating strong durability.
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In 2023, there were zero incidents of non-compliance with environmental laws and regulations requiring monetary fines.
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Material use intensity in quartz and mineral production improved by 6% since 2021.
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The company has waste requirements for all tier-1 suppliers.
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Hazardous waste is managed in compliance with local and national regulations.
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The company has achieved zero waste to landfill in its porcelain manufacturing.
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Packaging waste from raw materials was reduced by 70%.
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