Better Health for All

The company's core business includes systems and components for clean water and wastewater, which are crucial for public health. Access to safe drinking water prevents diseases like cholera, diarrhea, dysentery, hepatitis A, typhoid, and polio, which cause an estimated 1 million deaths annually from diarrhea, including 395,000 children under 5.

Improved water sources also reduce the need for long journeys to collect water, improving personal safety and reducing musculoskeletal disorders. Inadequate wastewater management contaminates drinking water sources, and the company's wastewater systems help mitigate this. The provision of clean water and effective wastewater management are significant preventative health measures. While the company also deals with fuel systems, heating, and air conditioning, for which no specific health impact evidence is provided, the water-related products provide modest but clear health benefits.

Fair Money & Economic Opportunity

Franklin Electric Co., Inc. is a manufacturing company focused on water and fuel movement systems, not a financial institution.

As such, it does not offer lending or deposit services, consumer credit products, or financial products that would generate high-cost fees. Consequently, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its core business model. While the company supports non-profit organizations and offers a scholarship program for employees' children, there is no specific data on the percentage of pre-tax profit reinvested in community finance or the reach and impact of financial literacy initiatives for customers, as defined by the rubric.

Fair Pay & Worker Respect

Franklin Electric Co., Inc. offers competitive health insurance benefits and promotes wellness programs.

The company provides comprehensive health insurance coverage to 90-95% of its employees. It also actively promotes a 'GOAL ZERO' culture with the aim of zero work-related injuries. The company has policies in place including Equal Employment Opportunity Non-Discrimination, Prohibition on Human Trafficking Forced Labor & Child Labor, and a Human Rights Policy Statement. Franklin Electric was recognized in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024, and as a Best Place to Work in Indiana 2024.

Honest & Fair Business

Franklin Electric had a 10% penalty initially demanded by the Department of Workforce Development, but it was waived due to a lack of evidence of fraud or negligence, resulting in no fines in the past three years.

The company has a Code of Conduct applicable to all employees and the Board of Directors. It maintains an anonymous Ethics and Integrity Hotline (1-800-461-9330) and explicitly states there will be no reprisals against any employee who makes a complaint or reports a concern in good faith. Reports can be made anonymously and can address accounting, internal accounting controls, auditing, or other business conduct issues, with direct reporting channels to the Audit Committee and Board. However, there is no public information on the program's effectiveness, such as training frequency, uptake rates, or resolution times. The company has an Anti-Corruption Policy and a Supplier Code of Conduct, which prohibits bribery, kickbacks, and other illicit payments, and requires compliance with anti-corruption laws including the U.S. FCPA and U.K. Bribery Act. The Supplier Code of Conduct also requires suppliers to avoid conflicts of interest and notify the company of any, with gifts exceeding $50 requiring legal department approval. However, there is no evidence of training frequency or effectiveness metrics for the company's own anti-corruption policy.

No War, No Weapons

Franklin Electric Co., Inc. conducted annual human-rights due diligence for the year ended December 31, 2023, focusing on tin, tantalum, tungsten, and gold (3TGs) in their products.

This process included determining if these minerals originated in the Democratic Republic of Congo (DRC) or adjoining countries, utilizing a third-party service provider and supplier surveys, and implementing risk assessment and mitigation strategies.

Planet-Friendly Business

In 2023, the company's total Scope 1, 2, and 3 greenhouse gas emissions were 1,820,872.64 metric tons CO2e.

Its U.S. facilities utilize 100% renewable energy. The company has a net-zero target for Scope 1 and 2 emissions by 2025. No specific regulatory actions, violations, fines, or compliance issues were mentioned across the provided articles, indicating zero major environmental violations.

Safe & Smart Tech

The company's privacy policy states that users can access, edit, and delete some information through account settings.

Its website undergoes regular security scans for vulnerabilities. The company's data retention periods depend on use and are subject to review. The privacy policy explicitly mentions compliance with GDPR and other relevant regulations regarding data transfers.

Zero Waste & Sustainable Products

Franklin Electric has no specific regulatory actions, violations, fines, or compliance issues mentioned across the provided articles, including no waste disposal violations in the past three years.

However, there is no specific quantitative data available regarding the company's waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero-waste certifications, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education programs.