Better Health for All

Innoviz Technologies' core products, LiDAR sensors and perception software, are entirely dedicated to increasing road safety, with 100% of its products contributing to this goal.

This technology is designed to reduce bridge and tunnel collisions, thereby saving lives and preventing injuries. It also aims to improve safety for vulnerable road users such as pedestrians, cyclists, and motorcyclists, and to reduce traffic congestion and idling, which can lead to reduced emissions. The company's products do not generate revenue from activities with negative health outcomes. While the company's products are preventative in nature, there is no specific data on the company's safety record, price accessibility, risk transparency, health innovation investment, health equity programs, healthcare workforce support, healthcare data responsibility, global health crisis response, mental health initiatives, or other health-related KPIs.

Fair Money & Economic Opportunity

Innoviz Technologies Ltd. develops and manufactures LiDAR sensors and perception software for autonomous vehicles.

The company's core business is in technology, not financial services. Therefore, all KPIs related to lending, deposit services, financial products, customer financial outcomes, and financial inclusion initiatives are not applicable. The provided articles do not contain any evidence of Innoviz engaging in financial activities or offering financial products to consumers or businesses that would fall under the scope of 'Fair Money & Economic Opportunity'.

Honest & Fair Business

Innoviz Technologies reported no ethical incidents or non-compliance with quality standards in 2022-2023.

The company has a formal whistleblower policy, adopted April 21, 2021, which includes a secure hotline, web form, and email for anonymous reporting, and explicitly prohibits retaliation. A third-party contractor receives initial reports, and the Compliance Officer submits quarterly reports to the Audit Committee summarizing complaints. Reports not leading to disciplinary action are archived within two months of investigation completion. The company has not had any product recall incidents. Innoviz's Code of Ethics and Conduct, amended April 4, 2021, emphasizes full, fair, accurate, timely, and understandable disclosure in public communications and compliance with all applicable laws, including the FCPA. The company adopted an Anti-Corruption Policy and requires annual conflict of interest checks for board members. Seven out of nine board members (78%) qualify as independent under Nasdaq rules. Innoviz’s ESG and impact statements have generally not been externally assured or verified by independent third parties, though it achieved an 80B rating in the SAQ 5.0 sustainability assessment for automotive suppliers.

No War, No Weapons

Innoviz Technologies Ltd.'s LiDAR technology has applications in autonomous vehicles and improving road safety, indicating an emphasis on civilian uses.

However, the company acknowledges having dual-use goods, services, and technology, and has undergone military trials for its LiDAR technology. Innoviz complies with trade, export control, import, and antiboycott laws and regulations, and states it does not source directly from Russia, complying with international sanctions. The company conducts an annual human rights due diligence process. Innoviz aligns with the UN Guiding Principles on Business and Human Rights, specifically adhering to the ‘Protect, Respect, Remedy’ Framework. Innoviz has committed to implementing a Conflict Minerals due diligence framework in alignment with OECD standards, uses the Responsible Minerals Initiative (RMI) Conflict Minerals reporting template (CMRT) annually, and has a Responsible Minerals Sourcing Policy. They surveyed 106 suppliers, with 95% providing a complete response. Innoviz vehicles utilize cameras that may pose a privacy risk, and the company provides an opt-out mechanism for individuals to request data deletion. No ethical incidents of any kind occurred during 2022-2023.

Planet-Friendly Business

The company's water usage is minimal, strictly limited to sanitary purposes, and employs a closed system in laboratories, resulting in negligible drained water.

In 2023, 44% of total waste was recycled, with 56% sent to landfill, which is a decrease from 48% recycled in 2022. A product carbon footprint analysis was completed for the InnovizOne product, covering raw materials and intermediates (cradle-to-gate). No environmental compliance violations were reported for 2022-2023. The company conducts an external and internal environmental protection audit each year to comply with EMS requirements. The company is focused on reducing packaging volume, opting for sustainable materials, and promoting reuse and recyclability.

Respect for Cultures & Communities

Innoviz Technologies collaborates with at least three local associations and non-profit organizations, specifically "Tzofen" for the Arab community and "Rachip" and "KamaTech" for the Ultra-Orthodox community, to promote diversity.

The company reported no ethical incidents of any kind in 2022-2023 and has a Code of Conduct and Ethics. Innoviz operates a whistleblower system managed by its SOX manager. All employees are required to endorse the Code of Conduct, and ongoing training sessions include annual sexual harassment awareness programs.

Zero Waste & Sustainable Products

Innoviz Technologies Ltd. has not established any formal waste reduction targets or commitments.

No specific, quantitative data was found for other KPIs related to waste diversion, 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, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, supplier waste requirements, or customer waste education.