HGEARS AG.
HGEA.XETRA | Manufacture of bearings, gears, gearing and driving elements
HGEARS AG, based in Germany, specializes in the development, manufacturing, and distribution of high-precision gears and drive components. Their products are used in a variety of industries, including automotive, aerospace, robotics, and general engineering. The company offers customized gear soluti...Show More
Better Health for All
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HGEARS AG manufactures high-precision gears and drive components.
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The company's products are not described as having a direct positive or negative impact on health outcomes.
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The company's products do not carry health risks requiring disclosure, nor do they involve health-related data, pricing, or access considerations for vulnerable populations.
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The company is not a pharmaceutical or food company, nor does it engage in clinical trials or addiction-related activities.
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The provided sustainability reports focus on environmental and employee safety metrics, which are outside the scope of this value.
Fair Money & Economic Opportunity
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HGEARS AG is a manufacturer of high-precision gears and drive components, not a financial institution.
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The company's core business does not involve lending, deposit services, or other financial products for consumers.
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Therefore, all Key Performance Indicators (KPIs) related to 'Fair Money & Economic Opportunity' are not applicable to its operations.
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The provided articles confirm the company's focus on manufacturing and sustainability, with no mention of financial services, consumer credit products, or related regulatory compliance.
Fair Pay & Worker Respect
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The company reported a Lost Time Injury Rate (LTIR) of 8.1 in 2023.
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Its voluntary employee turnover rate was 7.6% in 2023.
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The company has a Modern Slavery and Human Trafficking Statement in place and requires suppliers to confirm no employment of under-16-year-olds.
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There were no monetary losses from anti-competitive behavior between 2019 and 2021, and no fines or regulatory actions were mentioned in the 2021 prospectus.
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The company also states compliance with ILO conventions and the German Supply Chain Due Diligence Act.
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Fair Trade & Ethical Sourcing
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The provided article, a general terms and conditions of purchase agreement, explicitly states that no quantitative data relevant to Fair Trade & Ethical Sourcing is present.
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It contains no mentions of certifications, awards, regulatory actions, violations, fines, or comparisons to industry benchmarks or peers.
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Therefore, no KPIs under this value can be scored based on the evidence provided.
Honest & Fair Business
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HGEARS AG has a formal whistleblower reporting office that allows for confidential email reporting.
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The company also has a Code of Ethics and Anti-Corruption Policy in place, which commits to fair competition and reports no violations.
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However, the policy's training frequency or effectiveness metrics are not provided. The company holds various certifications, including ISO 9001, ISO 14001, ISO 50001, ISO 45001, and IATF-16949 at different sites, indicating third-party verification for quality, environmental, energy, occupational health and safety, and automotive quality management systems.
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Kind to Animals
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HGEARS AG specializes in the development, manufacturing, and distribution of high-precision gears and drive components. The provided articles focus on the company's general ESG strategy
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, environmental management (e.g., ISO 14001 certification, CO2 emission reductions, waste recycling, renewable energy use)
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, and social responsibility (e.g., Code of Ethics, anti-bribery policy, anti-slavery policy, supplier standards regarding child labor
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, UN Global Compact membership)
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. There is no specific evidence in the articles regarding animal welfare practices, animal testing, animal-derived ingredients, humane certifications for animal operations, measurable wildlife conservation impact, or investment in animal-free alternatives. Therefore, no KPIs related to 'Kind to Animals' can be scored based on the available information.
No War, No Weapons
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HGEARS AG's ESG data from October 2024 explicitly states no involvement in military contracting.
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The company joined the UN Global Compact in 2023 and commits to respecting, complying with, and enforcing the United Nations Universal Declaration of Human Rights and the eight fundamental principles of the ILO.
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The company's ESG data also indicates no involvement in controversial weapons or small arms.
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Furthermore, 100% of materials are certified conflict-free with continuous verification, as per the General Terms and Conditions of Purchase.
Planet-Friendly Business
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No evidence available to assess HGEARS AG on Planet-Friendly Business.
Respect for Cultures & Communities
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The provided articles, primarily sustainability reports from 2021 and 2023, focus on environmental performance (e.g., CO2 emissions, energy usage, waste management) and employee-related metrics (e.g., turnover, gender diversity in management, training hours). There is no specific, quantitative data or explicit information available regarding HGEARS AG's formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms for community concerns, community complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier engagement, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
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Safe & Smart Tech
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HGEARS AG states that its website data exchange is encrypted using HTTPS and current encryption protocols, with contact forms and applications also offering content encryption.
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The company is compliant with GDPR and country-specific implementation laws, granting users rights such as access, rectification, and erasure of their data.
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Zero Waste & Sustainable Products
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In 2023, the company achieved a 79% recycling rate for its waste.
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All products are stated to be fully recyclable, primarily composed of steel and aluminum.
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HGEARS AG has implemented waste reduction initiatives, including recycling metal residues, which generated EUR 800,000 in additional revenue in 2023, and utilizing dry manufacturing processes.
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Hazardous waste from manufacturing remained relatively stable at 10.01 t/EUR million in 2021.
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No waste disposal violations were reported for 2019, 2020, 2021, or 2023.
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The company's waste production per EUR million of sales was 44.20 t in 2021.
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HGEARS AG has a target to achieve a 98% waste reuse/processing rate by 2040.
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