MASHINIi

IMAX Corporation.

IMAX.US | Motion picture projection activities

IMAX Corporation is an entertainment technology company, specializing in motion picture technologies. It designs and manufactures IMAX cameras and projection systems as well as develops and operates IMAX theaters. The company's primary revenue streams include sales and leasing of IMAX systems, post-...Show More

Ethical Profile

Mixed.

IMAX Corporation receives a 'Mixed' ethical rating. Critics point to significant pay inequality, with the CEO-to-median employee pay ratio reported at 87:1 in 2024 and 93x in 2023. Employee reviews on Glassdoor give 3.6 out of 5 stars, with concerns about management and work-life balance; one review allegedly cited unpaid overtime during the pandemic. Positively, IMAX established a $500 annual wellness spending account for Canadian employees, with participation growing from 50% to 70%. The company demonstrates no direct involvement in arms manufacturing and published a 2023 conflict minerals report. While a sustainability initiative launched in 2016, current quantitative environmental data is lacking. Many other ethical areas lack sufficient public information for a comprehensive assessment.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons-20
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech20
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

No direct evidence was found in the provided articles regarding IMAX Corporation's impact on 'Better Health for All' as defined by the rubric. The company's core business is entertainment technology, and the value definition explicitly excludes workplace safety standards or worker rights, which is what the available information on employee benefits pertains to. There is no evidence of the company developing accessible medical treatments, providing preventative healthcare solutions, or championing mental and physical wellness programs for the general public.

Fair Money & Economic Opportunity

0

No evidence available to assess IMAX Corporation on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

10

The CEO-to-median employee pay ratio for 2024 was 87:1.

1
Employee satisfaction, based on 165 Glassdoor reviews, is 3.6 out of 5 stars (72%).
2
Additionally, 52% of employees would recommend working at IMAX, and 69% approve of the CEO.
3
Employee reviews provide mixed opinions on pay and benefits; some describe them as generous or fair, while others criticize health insurance costs as expensive.
4
One review alleges unpaid overtime during the pandemic, but no further details or substantiation are provided.
5
No specific quantitative data is available for living wage coverage, collective bargaining, safety incident rates, pay equity, employee turnover, labor violation incidents, insecure contract share, or health insurance coverage.
6

Fair Trade & Ethical Sourcing

0

No specific, quantitative data points were found in the provided articles to score any of the KPIs for Fair Trade & Ethical Sourcing. While the company mentions policies, assessments, and expectations regarding ethical conduct

1
, conflict minerals due diligence
2
,
3
, and supplier compliance
4
, there are no percentages for fair-trade certified spend, audit frequencies
5
, number of substantiated incidents over a multi-year period, traceability coverage percentages
6
, median remediation times, or the percentage of contracts with enforceable ethical clauses
7
. Similarly, no data on the share of spend on high-risk materials or supplier diversity spend was provided.

Honest & Fair Business

-10

IMAX Corporation's board of directors demonstrates a high level of independence, with seven out of eight director nominees identified as independent as of April 2022, representing 87.5% of the board.

1
The company maintains a comprehensive Whistle Blower Program, a protocol for reporting suspected violations of its Code of Business Conduct and Ethics, available to all officers, directors, employees, and independent contractors.
2
This program facilitates confidential and anonymous reporting through a dedicated hotline, email, or direct contact with the CEO or Audit Committee Chairman, and the company explicitly prohibits retaliation against good-faith reporters.
3
Furthermore, IMAX has a formal Anti-Bribery and Anti-Corruption Policy that requires employees to review and acknowledge it.
4
This policy covers compliance with domestic and foreign anti-corruption laws, including the U.S. Foreign Corrupt Practices Act, Canada’s Corruption of Foreign Public Officials Act, and the U.K. Bribery Act.
5
It also includes formal Third-Party Due Diligence Procedures, and violations can lead to disciplinary action, including termination of employment.
6

Kind to Animals

0

The provided articles focus on IMAX's involvement in producing environmental and conservation documentaries, such as films highlighting prairie wetlands

1
, the Great Salt Lake
2
, and wildlife rescue efforts
3
, and its partnership with the UN Environment Programme for environmental film campaigns
4
. However, these articles do not contain any specific, concrete data points related to IMAX's direct operational impact on animal welfare, such as cruelty-free certifications, animal testing practices, humane certifications for animal-related operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal agriculture ethics, or investment in animal-free technologies. Therefore, no KPIs can be scored based on the evidence provided.

No War, No Weapons

-20

IMAX suspended its operations in Russia and Belarus in March 2022 in response to the conflict and resulting sanctions.

1
As of June 30, 2022, the company's network included 54 theaters in Russia, 9 in Ukraine, and 1 in Belarus.
2
Exhibitors in these countries were placed on nonaccrual status for maintenance revenue and finance income beginning in the first quarter of 2022, which resulted in decreases of $0.8 million and $1.3 million in revenue during the three and six months ended June 30, 2022, respectively.
3

Planet-Friendly Business

-20

IMAX Corporation reported no material direct greenhouse gas emissions (Scope 1) and total Scope 2 and 3 emissions of 260.51 tCO2e in 2023.

1
Water consumption is considered immaterial to the company's operations and is not disclosed. In 2023, the company reported no confirmed non-compliance incidents related to environmental protection that would have a significant impact on its operations.
2
The company undertook a naturalization project at its headquarters
3
and a commercial parking lot retrofit in Ontario to include low-impact-development technologies,
4
partnering with Credit Valley Conservation since 2009-2010.
5
It requires suppliers to complete environmental and social risk assessment forms
6
and encourages the use of recyclable packaging materials.
7
Operational measures to reduce environmental impact include encouraging green travel,
8
promoting virtual meetings,
9
providing remote technical support,
10
and using marine transportation when possible.
11

Respect for Cultures & Communities

0

The company has no reported cultural appropriation incidents.

1
Additionally, Free, Prior and Informed Consent (FPIC) processes are not applicable to the company's operations, as indicated by the provided information.
2

Safe & Smart Tech

20

IMAX provides mandatory annual data privacy and security training for 100% of its employees and contractors, with specialized training for engineers (OWASP) and those handling financial data (PCI and SOX).

1
The company has established an AI governance process with a principle-based framework, requiring a central review and approval for new AI use cases.
2
IMAX holds and is audited on several data privacy and security certifications, including TISAX, ISO 9001, PCI, and SOX Level 2.
3
It offers a variety of privacy choices across multiple channels, which are enforced across its data ecosystem and in third-party applications, and has automated 80% of all Data Subject Access Request (DSAR) fulfillment.
4
The company adheres to the U.S. Department of Commerce’s International Trade Administration Data Privacy Framework
5
and uses a consent and preference management system for sustained compliance with current and future privacy regulations, including GDPR, CCPA, CPRA, and emerging US state laws.
6

Zero Waste & Sustainable Products

-30

IMAX has implemented multiple waste reduction initiatives, including encouraging the reuse of recycled papers, organizing public education on waste classification, and promoting the use of personal tableware and cups among employees.

1
The company uses electronic customs declaration documents, prefers marine over air transportation to reduce resource waste, and actively encourages logistics companies to reuse shipping packing materials like pallets and paper boxes.
2
An IMAX projection equipment recycling program was launched, reducing resource waste and extending equipment life.
3
Other initiatives include adopting a shared office model and setting office printers to double-sided and black-and-white by default.
4
In 2021, there were no confirmed non-compliance incidents related to environmental protection.
5
Furthermore, IMAX encourages suppliers to use recyclable packaging materials and assesses them on environmental and social risk management.
6

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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.