IRIDEX Corporation.
IRIX.US | Manufacture of medical and dental instruments and supplies
IRIDEX Corporation is a worldwide leader in developing, manufacturing, and marketing innovative laser-based medical systems, delivery devices, and consumable instrumentation for the ophthalmology market. The company's products are used to treat glaucoma, diabetic macular edema (DME), and other retin...Show More
Better Health for All
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IRIDEX Corporation's core business, developing laser-based medical systems for ophthalmology, delivers revolutionary health benefits by treating conditions like glaucoma, diabetic macular edema, and other retinal diseases. A five-year study on their MicroPulse TLT for glaucoma demonstrated a significant 32.5% average reduction in intraocular pressure (IOP) and a significant reduction in IOP-lowering medications.
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The company supports humanitarian efforts by donating laser systems to organizations like Orbis International and SEE International, which have examined over 3.8 million individuals and performed over 460,000 sight-restoring surgeries since 1974.
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Iridex also donated an SLX Laser to Ivory Coast to support glaucoma surgery training for local ophthalmologists, with training starting in 2024, and trains staff at the Orbis Flying Eye Hospital on using its laser systems.
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However, one adverse event (eye injury) was reported on July 26, 2023, involving the Cyclo G6 laser system, which Iridex is investigating.
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Additionally, a Class 2 medical device recall for the TruFocus LIO Premiere Laser Indirect Ophthalmoscope occurred in March 2018.
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Fair Money & Economic Opportunity
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IRIDEX Corporation is a medical device company focused on laser-based medical systems for ophthalmology.
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Its core business does not involve lending, insuring, moving, or storing money for consumers. Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its operations. The provided articles focus on corporate financial activities and regulatory changes impacting medical treatment reimbursement, offering no evidence relevant to consumer financial services or economic opportunity for underserved populations.
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Fair Pay & Worker Respect
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The company's overall employee rating from Glassdoor reviews is 3.7 out of 5 stars, which translates to 74% satisfaction.
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This falls within the tier for approximately 70% engagement, indicating a healthy workplace culture.
Fair Trade & Ethical Sourcing
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No evidence available to assess IRIDEX Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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The company has a whistleblower hotline and an online reporting system.
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However, the provided information does not include evidence of independent investigation processes, training, or the overall effectiveness of the program.
Kind to Animals
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IRIDEX Corporation is listed as a company with "No Animal Exploitation."
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This indicates a global corporate ban on all animal testing across every product category, aligning with the highest tier for animal testing policy. Consequently, this also means zero animals are used in testing.
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For KPIs related to animal-derived products, animal agriculture, or animal-related operations, the company's business model (laser-based medical systems) and the "No Animal Exploitation" statement imply these are not applicable.
No War, No Weapons
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Iridex Corporation conducts annual human-rights due diligence in conflict-affected areas, specifically for conflict minerals, aligning with the OECD Due Diligence Guidance for Responsible Supply Chains for the period January 1, 2024, to December 31, 2024.
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This process identified 431 smelters and refiners used by their suppliers, with 238 deemed CFSP Compliant, 6 CFSP Active, and 187 Indeterminable.
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A total of 17 smelters were identified as potentially higher risk due to their location in Africa.
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The company does not directly conduct audits but supports independent third-party audits of smelters.
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The report acknowledges uncertainty in identifying all smelters used for specific product components due to supply chain complexity.
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Planet-Friendly Business
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No specific, concrete data points were found in the provided articles to assess IRIX.US against any of the Planet-Friendly Business KPIs. The articles explicitly state a lack of publicly available data for all relevant environmental metrics, including Scope 1, 2, and 3 emissions, renewable energy use, water consumption, waste diversion, and climate targets.
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Therefore, no KPIs can be scored.
Respect for Cultures & Communities
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No evidence available to assess IRIDEX Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess IRIDEX Corporation on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No specific, quantitative evidence was found in the provided articles to assess IRIX.US against any of the Zero Waste & Sustainable Products KPIs. The articles either explicitly state a lack of relevant data for IRIX.US
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or pertain to a different entity, IRIDEX Group in Romania, which focuses on waste management services rather than the medical device manufacturing of IRIX.US.
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