Eastman Kodak Company.
KODK.US | Manufacture of paints, varnishes and similar coatings, printing ink and mastics
Eastman Kodak Company is a global technology company focused on print and advanced materials & chemicals. It provides a range of products and services including printing systems, software, and consumables for commercial print and packaging. Kodak also manufactures specialty chemicals, functional pri...Show More
Better Health for All
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No evidence available to assess Eastman Kodak Company on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Eastman Kodak Company on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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The CEO to median employee pay ratio was 121:1 in 2024.
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The company reported a Work Happiness Score of 74.
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Additionally, no substantiated labor-law or human-rights violations were reported in the past three years, with the latest recorded violation being in 2018.
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Fair Trade & Ethical Sourcing
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For the 2024 reporting period, 62% of the 377 identified smelters and refiners in Kodak's supply chain are compliant with the Responsible Minerals Initiative's (RMI) Responsible Minerals Assurance Process (RMAP) or are currently undergoing audit.
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Kodak relies on the RMAP for smelter audits and follows industry guidance through the RMI.
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Additionally, approximately 8.5% of Eastman Kodak Company's Rochester expenditure is with suppliers from the local Rochester area.
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Kodak has had a Supplier Diversity Program in place since 1989.
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The company requires suppliers to adhere to the principles stated in the Responsible Business Alliance (RBA) Code of Conduct and Kodak’s Corporate Responsibility Principles as part of its contractual relations.
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Kodak maintains a strict zero-tolerance policy for human rights violations, including forced labor and child labor, both within its operations and across its supply chain.
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Kodak's products containing or using conflict minerals are considered DRC conflict undeterminable.
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Honest & Fair Business
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Eastman Kodak Company is currently under investigation by the SEC regarding the disclosure of a $765 million loan from the U.S. government.
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The investigation is scrutinizing the timing and method of the disclosure, which occurred one day prior to the official announcement
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, as well as unusual trading activity, including a nearly 25% stock surge before the announcement.
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Concerns have been raised about potential insider trading or unauthorized disclosure of material, nonpublic information.
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Historically, in 2005, Kodak restated its financial results for the 2003 full year and all quarters of 2004
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due to "inadvertent" accounting errors related to income taxes and pension accruals
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, and identified a "material weakness" in internal controls over financial reporting as of December 31, 2004.
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Kind to Animals
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No specific, concrete evidence was found in the provided articles regarding Eastman Kodak Company's performance on any of the 'Kind to Animals' KPIs. The articles discuss general supplier requirements, health, safety, environmental (HSE) compliance, and ethical sourcing principles, primarily focusing on worker rights, labor practices, and conflict minerals, but do not provide data on cruelty-free certifications, animal testing, animal-derived ingredients, humane certifications for animal operations, wildlife conservation impact, or animal welfare policies and practices.
No War, No Weapons
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No relevant evidence was found in the provided articles to assess Eastman Kodak Company (KODK.US) against the 'No War, No Weapons' ethical value. The single article provided focuses on government document processing solutions from Kodak Alaris and contains no data pertaining to KODK.US's involvement with arms, defense contracts, dual-use technology, sales to sanctioned regimes, peacebuilding investments, or any other related metrics.
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Planet-Friendly Business
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Kodak achieved a 99% waste diversion rate from landfill and incineration in 2023, meeting its 2025 target.
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However, only 2.68% of its overall energy consumption in 2023 was sourced from renewables.
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Additionally, 7% of Kodak's total water withdrawal in 2023 came from sites in high-water-stress areas, including Osterode, Germany, Shanghai, China, and Petach Tikva, Israel.
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Respect for Cultures & Communities
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Kodak has 4 formal partnerships with community groups, including the United Way, Rochester Technology and Manufacturing Association, CNC Technical Solutions, and Wildcat Discovery Technologies.
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The company has no reported cultural appropriation incidents.
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Free, Prior and Informed Consent (FPIC) processes are considered not applicable to Kodak's operations. In 2023, approximately 8.5% of Eastman Kodak Company's Rochester expenditure was with suppliers from the local Rochester area.
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Safe & Smart Tech
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Kodak demonstrates strong employee security training, achieving a 99% completion rate for mandatory annual IT security and data privacy training, which includes periodic phishing simulations and other preparedness testing.
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The company provides excellent user control over personal data, offering a privacy rights portal for access, correction, deletion (within 30 days unless legally required), and opt-out options for targeted advertising and geolocation data.
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Kodak maintains good regulatory compliance, with a Data Processing Agreement (DPA) effective July 1, 2024, demonstrating compliance with CCPA, HIPAA, PCI DSS, GDPR (using Standard Contractual Clauses from June 4, 2021), and PIPL.
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The company also states it does not sell personal information for monetary consideration
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and has an information security program with contractual requirements for service providers to prevent unauthorized data use.
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Zero Waste & Sustainable Products
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Eastman Kodak Company achieved a 99% waste diversion rate from landfill or incineration at its sites in 2023.
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The company has a target to achieve 99% overall waste diversion from landfill and incineration by 2025.
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However, for its Kodak® 10XL Black High-Yield Ink Cartridge, the post-consumer recycled content percentage is 0%.
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In 2022, the company generated over 3 million tonnes of hazardous waste, with 61 tonnes sent to landfill and over 3 million tonnes to a wastewater treatment facility.
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Kodak has implemented multiple waste reduction initiatives, including the KODAK SONORA Process Free Plates which eliminate processing chemicals and water,
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the Operator Replaceable Components (ORC) Program for NEXPRESS presses with a near 100% return rate,
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and a solvent recovery business that saw a 106% increase from 2016 to 2023
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and was recognized as Sustainability Service of the Year in 2022.
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