MASHINIi

Fortinet Inc.

FTNT.US | Wholesale of computers, computer peripheral equipment and software

Fortinet, Inc. is a global provider of network security appliances and network security solutions for enterprises, service providers, and government entities worldwide. The company offers a broad range of security and networking products, including firewalls, intrusion prevention systems (IPS), virt...Show More

Ethical Profile

Mixed.

Fortinet's ethical standing is mixed. The company settled a 2019 whistleblower lawsuit for $545,000 over alleged product label misrepresentation. More recently, a September 2024 security breach reportedly affected less than 0.3% of its customers. However, Fortinet demonstrates significant positive commitments. It aims for carbon neutrality by 2030, with newer FortiGate models using 62% less power and biodegradable packaging projected to avoid 455 tons of CO2 annually. The company is committed to training 1 million people in cybersecurity by 2026, and its board includes 40% women and 50% from underrepresented communities. Fortinet also has a corporate ban on military sales and supports healthcare systems and underserved communities with its cybersecurity solutions.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities-20
-100100
Safe & Smart Tech20
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Fortinet's cybersecurity solutions deliver substantial health benefits by protecting patient data, medical devices, and healthcare systems, supporting effective healthcare delivery and operational stability. This includes AI-driven solutions for data loss prevention in healthcare

1
and ensuring HIPAA compliance.
2
The company's products do not have well-established negative health outcomes. Fortinet committed to training 1 million individuals in cybersecurity over five years,
3
which enhances protection for healthcare systems by addressing cybersecurity skills shortages. Additionally, it provides a free Security Awareness curriculum for K-12 schools,
4
aiming to equip over 55 million students with cybersecurity skills,
5
contributing to public health by reducing cyber threats. While a vulnerability in FortiSIEM was identified in November 2023,
6
an alert was issued advising healthcare organizations on necessary upgrades.
7

Fair Money & Economic Opportunity

0

Fortinet is a cybersecurity company providing network security solutions and training services, not financial products or services such as lending, insurance, or deposit accounts. Therefore, the KPIs designed to assess financial institutions regarding fair money and economic opportunity are not applicable. While Fortinet's training programs aim to enhance economic opportunity by addressing the cybersecurity skills gap, having issued over 1.5 million certifications

1
and trained over 500,000 people,
2
these initiatives do not directly involve financial literacy, lending, or wealth-building outcomes as defined by the rubric's specific financial service metrics.

Fair Pay & Worker Respect

0

In 2023, Fortinet reported a CEO-to-median-employee pay ratio of 130:1.

1
The median employee compensation was $124,446, while CEO Ken Xie's total compensation amounted to $16,301,613.
2
It comprising a base salary of $622,000, a bonus of $597,921, and $15,081,692 in stock awards.
3

Fair Trade & Ethical Sourcing

0

Fortinet ensures ethical sourcing through its contractual requirements and compliance training. In 2024, 100% of Fortinet’s top contract manufacturers, representing more than 90% of spend, completed the Fortinet Vendor/Supplier Compliance Training.

1
The company incorporates human rights language into codes of conduct for partners and suppliers, expecting adherence to principles such as the Trafficking Victims Protection Act, the UK Modern Slavery Act, and the Uyghur Forced Labor Prevention Act (UFLPA).
2
Fortinet also maintains a Supplier/Vendor Code of Conduct, a Human Rights Policy, and a Responsible Minerals Sourcing Policy.
3
New direct suppliers are screened using human rights criteria, Foreign Corrupt Practices Act (FCPA), sanction lists, and embargoed countries.
4

Honest & Fair Business

10

Fortinet joined the United Nations Global Compact in September 2023, committing to align its operations with ethical principles, including anti-corruption.

1
In 2023, 100% of the company's distributors and key contract manufacturers completed ethics and compliance training.
2

Kind to Animals

0

Fortinet Inc. operates in the Information Technology sector, focusing on cybersecurity services.

1
Its operations do not inherently involve animal testing, ethical farming, or wildlife protection.
2
No current data indicates any animal welfare violations or initiatives by Fortinet.
3
Consequently, all animal welfare-related KPIs are not applicable to the company's business model.

No War, No Weapons

0

The provided articles do not contain specific, quantifiable data points for any of the KPIs related to the 'No War, No Weapons' ethical value. Information regarding revenue from arms or defense contracts, R&D investment in dual-use technologies, sales to embargoed regimes, peacebuilding investments, or specific policies and compliance rates is not present. General statements about collaborating with governments on cyber resiliency

1
, supporting veterans
2
,
3
, or joining the UN Global Compact
4
are not sufficiently specific or quantifiable to meet the rubric's criteria for scoring. Therefore, no KPIs can be scored based on the evidence provided.

Planet-Friendly Business

-50

Fortinet plans to submit its decarbonization plan to the Science-Based Targets initiative (SBTi) for validation in 2024.

1
The company has a goal of carbon neutrality by 2030, which involves actively reducing Scope 1 and 2 emissions through increased use of renewable energy and enhanced energy efficiency.
2
FortiGate models released in 2023 consumed, on average, 62% less power than previous generations, and 2024 models require 61% less power than prior iterations.
3
Fortinet introduced biodegradable packaging across more than 60 product models, which helped avoid an estimated 455 tons of CO2 emissions in 2023.
4
In 2024, they introduced 22 FSC-certified packaging models and committed to plastic-free solutions, forecasted to prevent 387 metric tons of CO2e emissions.
5
In July 2023, Fortinet achieved ISO 14001 Environmental Management certification for its largest owned warehouse in Union City, California.
6
The company is also investing in green energy sources, including solar panels at its Sunnyvale, California headquarters and nearby owned sites.
7

Respect for Cultures & Communities

-20

Fortinet has engaged in two formal partnerships with Indigenous communities. The company collaborated with the Keewatin Tribal Council to implement network security solutions in 48 member schools, aiming to bridge the digital divide and safeguard cultural resources through improved cybersecurity

1
. Additionally, Fortinet assisted the Winnebago Tribe of Nebraska with distance learning initiatives
2
. Fortinet is a member of the United Nations Global Compact, aligning its operations with principles covering human rights
3
. Proceeds from the Fortinet Championship are donated to nonprofits in the Napa Valley area, supporting STEM education, diversity, and inclusion initiatives
4
. Fortinet employees also participated in various community service activities, including raising over $8,000 for the North Texas Food Bank
5
.

Safe & Smart Tech

20

Fortinet deploys FortiDLP to address bias in insider risk monitoring, utilizing data-driven activities, pseudonymization, and scoped investigations to improve data privacy and mitigate bias.

1
The company joined the World Economic Forum’s AI and Cyber Initiative in July 2024 to explore and mitigate AI dangers, contributing insights from its FortiGuard Labs on AI model vulnerabilities, data validation, and privacy issues.
2
Fortinet is also a founding member of the Cyber Threat Alliance and the World Economic Forum’s Centre for Cybersecurity, actively sharing threat intelligence and advocating for transparency in vulnerability communication and analysis.
3
In September 2024, Fortinet confirmed a security breach where an individual gained unauthorized access to a limited number of files on a third-party cloud-based shared file drive, resulting in 440GB of data, including user credentials, being stolen.
4
This incident affected less than 0.3% of Fortinet customers, with no indication of malicious activity affecting any customers or Fortinet's operations, products, and services.
5
The company engaged an external forensics firm, implemented enhanced account monitoring and threat detection measures, and notified law enforcement.
6

Zero Waste & Sustainable Products

0

Fortinet has introduced biodegradable packaging across more than 60 product models, which is estimated to have avoided 455 tons of CO₂ emissions in 2023.

1
The company's 2023 FortiGate appliance models consume, on average, 62% less power than their predecessors.
2
Additionally, Fortinet's Union City warehouse achieved ISO 14001 certification in July 2023.
3
However, the provided articles do not offer specific data points that align with the quantitative thresholds or precise qualitative descriptions for any of the defined KPIs related to zero waste and sustainable products.

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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.