MASHINIi

ELMOS SEMICOND.

ELG.XETRA | Manufacture of electronic components and boards

ELMOS Semiconductor SE develops, manufactures, and markets application-specific integrated circuits (ASICs), sensors, and system solutions. Its products are primarily used in the automotive industry, including applications such as ultrasonic distance measurement, ambient lighting, gesture recognitio...Show More

Ethical Profile

Mixed.

ELMOS Semiconductor's subsidiary SMI develops sensor technology for medical applications, including minimally invasive devices and wireless tumor implants to improve chemotherapy effectiveness. However, critics point to significant pay inequality, with the CEO's 2023 compensation at €2 million compared to an average employee remuneration of €60,281. The company aims for climate neutrality by 2035, having reduced Scope 1 and 2 GHG emissions by 20.4% in 2024, and sources 86.6% of its electricity from renewables. Yet, total emissions were 117,077 tCO₂e in 2024, with Scope 3 emissions being notably high. ELMOS is also enhancing cybersecurity with a Quantum Random Number Generator. Reports suggest a lack of data on ethical sourcing, living wage coverage, and regulatory fines.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect50
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

The provided articles detail the development and testing of medical sensors by ELMOS Semiconductor's subsidiary, SMI.

1
These sensors, such as IntraSense™, are designed to improve chemotherapy efficiency by monitoring tumor pressure and temperature
2
, facilitate minimally invasive procedures
3
, and enhance blood pressure measurement
4
. IntraSense™ demonstrated biocompatibility with zero reactivity grades for cytotoxicity, sensitization, and intracutaneous reactivity
5
, and was rated non-toxic, non-pyrogenic, non-hemolytic, and non-activating in specific tests
6
. However, the company's overall product portfolio, which primarily serves the automotive, industrial, and consumer electronics industries, is not addressed in terms of its health impact, safety record, or other relevant metrics. There is no company-wide data on the percentage of revenue from health-related products, R&D investment in health, or adverse event rates for products in widespread use. Consequently, there is insufficient company-wide evidence to assess the firm against the 'Better Health for All' value across the defined KPIs.

Fair Money & Economic Opportunity

0

ELMOS Semiconductor SE is a manufacturer of application-specific integrated circuits and system solutions, primarily for the automotive industry

1
. The company's core business does not involve offering lending, deposit, or other financial services to consumers. Consequently, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its operations.

Fair Pay & Worker Respect

50

ELMOS Semiconductor demonstrates strong performance in several areas of fair pay and worker respect. As of 2024, 93.1% of the Elmos Group's employees are covered by works councils, with two employee representatives on the six-member Supervisory Board.

1
The voluntary employee turnover rate was low at 2.5% in 2024.
2
The rate of reportable occupational accidents per 200,000 hours worked at the Dortmund main location was 1.16 in the reporting year.
3
The company reported a 0% gender pay gap in 2024, indicating no known differences in wages or salaries based solely on gender.
4
Temporary employees constituted 4.7% of the total workforce in 2024.
5
In 2024, there were no confirmed incidents or complaints related to human rights or labor law violations, and no reports were received via the whistleblower system.
6
For health insurance, 93% of the workforce in Germany benefits from comprehensive statutory social protection, including illness coverage.
7

Fair Trade & Ethical Sourcing

0

No evidence available to assess ELMOS SEMICOND on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-10

ELMOS Semiconductor SE has a formal whistleblower system with multiple reporting channels, including anonymous options, available in German and English via intranet and web portal.

1
The company states that confidentiality and integrity are top priorities, and there is no retaliation against whistleblowers, with reporting persons informed of receipt and processing status.
2
The anti-corruption policy prohibits bribery and corruption, sets maximum limits for gifts at €50, details the handling of invitations, applies worldwide, and complies with international standards.
3
Its Compliance Management System (CMS) has undergone a successful IDW PS 980 examination.
4
Additionally, 67% of the board members are free from material conflicts of interest.
5

Kind to Animals

0

No specific, concrete data points or relevant evidence regarding animal welfare, animal testing, animal-derived ingredients, or wildlife conservation initiatives were found in the provided articles for ELMOS Semiconductor SE.

1
All articles explicitly state a lack of data for the 'Kind to Animals' criteria.
2

No War, No Weapons

0

ELMOS Semiconductor's core business is focused on application-specific integrated circuits, sensors, and system solutions primarily for the automotive industry (92% of FY 2024 sales)

1
and other industrial and consumer electronics applications (8% of FY 2024 sales)
2
. There is no evidence of any revenue derived from arms or defense contracts, nor any defense-related activities in its core business. Consequently, the company has no defense assets to divest and no defense business for its board to oversee.

Planet-Friendly Business

-40

ELMOS Semiconductor SE reported total Scope 1, 2, and 3 greenhouse gas emissions of 117,077 tCO₂e in 2024, representing a 17.97% decline from 2023.

1
The company sourced 86.6% of its external electricity from renewable sources in 2024
2
and achieved a waste recycling rate of over 90% in the same year.
3
Elmos has set a target to achieve climate neutrality for its Scope 1 and 2 emissions by 2035,
4
with an interim goal to reduce these emissions by 40% by 2026 compared to a 2022 baseline.
5
While Elmos states its climate targets meet or exceed SBTi limits, they are not explicitly validated by SBTi.
6
In 2024, 8.9% of its capital expenditure was aligned with the EU Sustainable Taxonomy.
7
Elmos does not use carbon offsets, instead focusing on investment,
8
and reported no significant environmental compliance violations or fines in 2024.
9
Biodiversity is currently classified as not material to Elmos' operations,
10
and no specific biodiversity conservation or restoration programs are reported.
11

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles regarding ELMOS Semiconductor SE's respect for cultures and communities. The available reports focus on general ESG performance, including environmental metrics, employee diversity, and governance, but do not contain information on formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, cultural preservation investments, or other related metrics.

Safe & Smart Tech

0

Elmos states strict compliance with applicable laws and regulations, including the German Corporate Governance Code (GCGC) from April 28, 2022, with specific exceptions outlined

1
. The company has a Compliance Committee, a whistleblower system, and a Chief Compliance Officer
2
. Elmos holds the ISO/SAE 21434 certification, a cybersecurity engineering standard for road vehicles
3
. The company's website allows users to manage cookie settings for technically necessary and statistics cookies
4
.

Zero Waste & Sustainable Products

-20

Elmos Semiconductor SE reports a waste recycling rate of over 90% at all times

1
and has not reported any waste disposal violations or fines
2
. Products are designed for long service lives, typically 6-10 years, which is the norm for the automotive industry
3
. The company considers resource requirements during product development, striving to reduce structure sizes, lower resource requirements, decrease power consumption of ICs, and substitute materials with a high ecological footprint, such as replacing gold wires with copper wires
4
. Elmos implements multiple waste reduction initiatives, including recycling substandard and defective components (e.g., gold, silver, copper)
5
, an internal water treatment and recycling system
6
, processing waste on site
7
, cleaning contaminated equipment with nitrogen
8
, and using battery recycling containers
9
. Hazardous waste is managed through sorting by type
10
, professional processing
11
, the use of exhaust systems for selected containers
12
, and efforts to switch to more environmentally friendly refrigerants
13
. All waste volumes are tracked in an internal register
14
, and a waste management officer prepares an annual report on waste recycled and disposed of
15
, with internal and external audits reviewing waste management
16
. Elmos' Code of Conduct for Suppliers and Business Partners requires a reduction in waste volumes and an increase in the recycling of waste produced
17
, with 100% of key suppliers and service providers monitored
18
.

Own ELMOS SEMICOND?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

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.