Cavco Industries, Inc..
CVCO.US | Manufacture of furniture
Cavco Industries, Inc. designs, produces, and retails manufactured homes and modular homes in the United States. It operates through the following segments: Factory-Built Housing, Financial Services, and Corporate. The Factory-Built Housing segment manufactures and sells a variety of homes, includin...Show More
Better Health for All
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No evidence available to assess Cavco Industries, Inc. on Better Health for All.
Fair Money & Economic Opportunity
-50
Cavco settled an SEC civil complaint in 2022 for violations of antifraud and internal accounting control provisions, incurring a $1.5 million penalty.
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The company's 'Homes for Our Own' (HFOO) program, which provides education on homeownership costs, assisted 3 employees in purchasing their first homes.
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The HFOO program has 90 employees enrolled and 31 graduates.
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Cavco matches employee donations to the HFOO program up to $200,000 annually.
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Fair Pay & Worker Respect
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No evidence available to assess Cavco Industries, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The provided articles do not contain specific, quantitative data points required to score any of the KPIs under the 'Fair Trade & Ethical Sourcing' value. While Cavco has a Human Rights Policy and a Conflict Minerals Policy, communicates requirements to suppliers, and states it will immediately cease engagement with third parties if forced or child labor is identified, there is no evidence regarding the percentage of fair-trade certified spend, supplier audit frequency, number of substantiated forced or child labor incidents, traceability coverage as a percentage, median remediation speed, percentage of supplier contracts with enforceable ethical clauses, share of spend on high-risk materials, or supplier diversity spend.
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Honest & Fair Business
-30
Cavco Industries, Inc. settled a Securities and Exchange Commission (SEC) action on September 23, 2022, which included a a $1.5 million monetary penalty.
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The SEC charged Cavco, its former CEO Joseph Stegmayer, and former CFO Daniel Urness with insider trading, internal accounting control violations, and misleading an auditor regarding company trades and a related FINRA investigation.
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Joseph Stegmayer was also subject to a $1.48 million civil penalty.
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The company has disclosed a risk related to potential weaknesses in internal financial controls.
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Cavco Industries, Inc. has a formal whistleblower policy, most recently revised on July 2, 2024, which outlines procedures for reporting potential illegal or unethical behavior, including escalation protocols and multiple reporting channels such as a hotline.
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Kind to Animals
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No information was found in the provided articles regarding Cavco Industries, Inc.'s practices related to animal welfare, animal testing, animal-derived ingredients, or wildlife conservation.
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The company's core business involves designing, producing, and retailing manufactured and modular homes, as well as providing financial services, which typically do not intersect with the metrics defined under the 'Kind to Animals' ethical value.
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Therefore, all KPIs under this value are omitted due to a lack of relevant evidence.
No War, No Weapons
-50
Cavco Industries, Inc. does not conduct or commission independent third-party audits of the smelters and refiners from which its vendors and service providers source Conflict Minerals.
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The company also states it does not have sufficient information to conclusively determine the countries of origin of Conflict Minerals or the status of smelters/refiners for its in-scope products.
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However, Cavco does not make purchases from the Democratic Republic of the Congo or its adjoining countries.
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Planet-Friendly Business
-30
Cavco Industries faced $272,479 in penalties from OSHA for 27 safety and health violations during an October 2023 inspection.
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Since 2015, OSHA has cited Cavco with 38 workplace safety and health violations at manufacturing facilities in four states.
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The company recycles scrap metal, wire, used pallets, bailed cardboard, vinyl siding, and wood refuse, with 100% of facilities incorporating recycling into their standard site processes.
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Cavco also reclaims copper from excess wire snippets.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles to assess Cavco Industries, Inc. against the 'Respect for Cultures & Communities' ethical value. The articles primarily consist of job listings and career page information, which do not contain metrics or details related to community engagement, cultural sensitivity, partnerships, or other relevant KPIs.
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Safe & Smart Tech
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The company has no documented data breaches, unauthorized data use incidents, or regulatory actions, violations, fines, or compliance issues related to Safe & Smart Tech.
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While the company's 10-K filing mentions general cybersecurity risk management, vulnerability scanning, penetration testing, and encryption practices for third-party vendors, it lacks specific quantitative data on cybersecurity investment, training effectiveness, encryption implementation, or security testing coverage.
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There is no information regarding AI ethics, algorithmic transparency, user data control, bug bounty programs, privacy by design, or data minimization practices.
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Zero Waste & Sustainable Products
-30
Cavco Industries has implemented several waste reduction initiatives, including general recycling efforts at manufacturing facilities for materials such as metal, wood, and vinyl.
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The company also uses automated wire strippers to reclaim copper, has established vendor-related recycling programs, and partners with waste and recycling solution providers.
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No waste disposal violations or fines have been reported in the company's 2024 or 2021-2022 Corporate Responsibility Reports, nor in other provided information.
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