Fair Pay & Worker Respect

The CEO total compensation to median employee compensation ratio was 1.004:1 in 2023 and 1.55:1 in 2022.

As of September 30, 2024, employees are not unionized. The company's Total Recordable Incident Rate (TRIR) was 1.31 in 2022, 0.83 in 2021, and 0.51 in 2020. An annual internal Core Values survey is conducted, with scores of 83.92 in 2022, 80.15 in 2021, and 78.25 in 2020 for the executive team following Core Values. Employee reviews on Indeed.com show an overall rating of 3.5 out of 5 stars, with management rated 3.3 out of 5 and culture 3.4 out of 5. On Glassdoor, the overall rating is 3.86 out of 5, with 64% recommending to a friend and 81% approving of the CEO. The company provides healthcare and insurance benefits, and full-time employees and their families have access to healthcare programs. Employee reviews mention good benefits plans, including medical, 401(k) match, sick and vacation pay, and education assistance. One employee review on Indeed.com alleges violations of state and federal laws, but no specific details are provided.

Kind to Animals

No evidence was found in the provided articles to assess Geospace Technologies Corporation against the 'Kind to Animals' ethical value. The company's business primarily involves manufacturing instruments and equipment for the oil and gas industry, and there is no data regarding animal testing, animal-derived ingredients, humane certifications, or specific wildlife conservation initiatives directly attributable to GEOS.US.

While some articles discuss the general use of geospatial technologies in wildlife conservation, they do not provide specific information about GEOS.US's involvement or measurable impact in this area.

No War, No Weapons

Geospace Technologies Corporation develops and sells dual-use technologies, including seismic sensors for oil and gas exploration, as well as for border and perimeter security, and vibration monitoring for industrial and defense applications.

Its Quantum subsidiary offers SADAR® technology for real-time detection and tracking in security contexts, and the company acquired Heartbeat Detector® for defense and security applications. The company sold its Russian Federation subsidiary, Geospace Technologies Eurasia LLC, in August 2024, but continues to purchase products from the new ownership, indicating ongoing indirect engagement with a potentially restricted market. The company's Code of Business Conduct includes compliance with international trade restrictions, and international transactions for hydrophones require prior U.S. government export license approval. Geospace introduced a Human Rights Policy Statement in 2022, which is adhered to through its Business Code of Conduct and responsible sourcing practices, promoting a safe workplace and prohibiting forced or child labor. Suppliers are required to certify that their raw materials for gold, tin, tantalum, and tungsten originate from outside the 'Conflict Region' or are certified 'conflict-free' if sourced within it, but no percentage of the supply chain certified conflict-free is provided. The company conducts annual internal Core Values surveys to inform leadership on values and improvement opportunities. Its Code of Business Conduct, established by the Board of Directors, provides guidance on various corporate policies, including anti-corruption and international trade restrictions, and all employees undergo annual training on this code. The company's Human Rights Policy Statement commits to supporting and promoting human rights, grounded in the International Bill of Human Rights and the UN Guiding Principles on Business and Human Rights.

Planet-Friendly Business

The company reported a waste diversion rate of 98.19% in 2022, 95.84% in 2021, and 96.22% in 2020.

It also achieved a 25% reduction in hazardous waste generation over five years and increased its recycle rate by up to 30%. The company maintains an ISO 14001 certified environmental management system.

Safe & Smart Tech

Geospace Technologies has not experienced any material information security incidents in the last three years and has not incurred material expenses related to penalties or settlements.

The company provides robust computer-based cybersecurity and wire fraud/phishing awareness training to all new and existing employees annually. It has achieved and maintains SOC2 Type I compliance and aligns its cybersecurity program to the NIST Cyber Security Framework. Critical IP data is maintained on segmented, access-controlled data stores, and the cybersecurity program is tested internally and externally bi-yearly, with independent third parties annually assessing IT risks. The company supports Global Privacy Control (GPC) signals and allows users to request access, deletion, or editing of their data, requiring two methods of identification for such requests. It complies with California privacy regulations (CCPA/CPRA) and states it does not sell, trade, or transfer personal information to outside parties (excluding website operations). However, the company uses electronic systems to assist humans in making inferences and creating profiles about employees and consumers, with limited information provided about algorithmic factors. It explicitly states that certain portions of its site use no encryption, while others use encryption for financial information. Critical IP data is maintained on segmented, access-controlled data stores, but there is no evidence of MFA availability for a significant percentage of services. The company retains data in accordance with its record retention program, destroying personal information when no longer needed, unless legally obligated.