Better Health for All

NVE Corporation's core products, spintronic sensors and isolators, are extensively used in medical devices, including implantable Class III devices like pacemakers, ICDs, neurostimulators, and insulin pumps, as well as hearing aids and wearable health monitors.

The company states its products improve the safety and quality of medical devices and help sustain human life. NVE's research also includes biosensors for faster, more accurate medical tests and improving food safety. The company has comprehensive cybersecurity policies, risk-based assessments, internal audits, and training, and has not experienced any cybersecurity incidents in the last three years. NVE provides substantial support for its healthcare workforce, offering medical insurance with most costs covered by the company, dental insurance, company-paid life and long-term disability insurance, 401(k) matches, and tuition reimbursement. It also complies with the Minnesota Women’s Economic Security Act of 2014, providing reasonable accommodations for pregnancy-related health conditions and up to 12 weeks of pregnancy and parental leave. However, NVE's product datasheets contain disclaimers stating that NVE does not give representations or warranties as to the accuracy or completeness of information and shall have no liability for consequences of use, and that products are not warranted for life support or safety-critical devices unless explicitly agreed in writing. The company also states that its products are not designed, authorized, or warranted to be suitable for use in life support, life-critical, or safety-critical devices or equipment, unless explicitly agreed otherwise in writing, despite being used in such devices.

Fair Money & Economic Opportunity

NVE Corporation is a technology company specializing in spintronic components and sensors, not a financial institution.

The company does not offer lending or deposit services to consumers, nor does it manage customer finance data or provide financial literacy programs. There is no evidence of APRs, fee structures, or revenue from high-cost financial products. The company is not regulated as a lender, and its core business does not involve direct impact on customer credit or savings outcomes. While NVE is investing $4 million to $5 million over two years to enhance manufacturing capabilities and received a $200,000 no-interest loan from the Minnesota Investment Fund, these activities do not constitute profit reinvestment in community finance or inclusion initiatives as defined by the rubric. The company's TMR rotation sensors are described as sensitive and critical for medical, aerospace, and defense applications, but this does not relate to the simplicity of financial products.

Fair Pay & Worker Respect

NVE Corporation reported a voluntary employee turnover rate of 4% in 2025.

The company achieved an 85% score in its 2024 employee engagement survey. As of March 31, 2025, the company had 42 employees, with 41 full-time employees and 0 contingent workers.

Honest & Fair Business

NVE Corporation has not incurred any ethics-related regulatory fines in the past three years.

The company achieved the highest possible ISS composite Governance Score as of July 11, 2024, and publishes its corporate governance guidelines, code of conduct, and committee charters on its website, along with all SEC filings. The company provides a means for confidential, anonymous submission of concerns about accounting, auditing, or ethics matters to the Audit Committee via the Intranet and commits to protecting whistle-blowers from unfair repercussions and retaliation. The company has not indicated any financial restatements in its recent filings. The Board has determined that all directors and director candidates, except one, are independent as defined by NASDAQ rules. The company's Code of Business Conduct and Ethics, amended January 23, 2023, explicitly prohibits bribery, corruption, conflicts of interest, and gifts of more than nominal value. The company's facility is certified under the ISO 9001:2015 quality management standard, and some products have independent certifications from the VDE Institute and UL LLC.

No War, No Weapons

The provided articles describe NVE Corporation's core business as manufacturing high-performance spintronic products, including sensors and couplers used to acquire and transmit data, utilizing spintronics nanotechnology.

However, no specific, quantifiable evidence was found regarding the company's revenue from arms or defense contracts, R&D investment in dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics related to the 'No War, No Weapons' ethical value. Therefore, no KPIs could be scored based on the available information.

Planet-Friendly Business

NVE Corporation has no documented SBTi-aligned targets.

Its electricity supplier, Xcel Energy, reported 40% of its power from renewable sources in 2024. NVE has adopted TCFD recommendations, with its management reviewing climate-related policies and risks with the Board at least annually, and its TCFD report includes discussion of physical and transition risks. The company adopted e-proxy procedures in 2007 to reduce environmental impact. NVE complies with applicable environmental laws and regulations, particularly for industrial waste and emissions, and no specific regulatory actions or violations are mentioned. The company uses SFI-certified paper for annual reports and proxy statements and, where possible, for office paper and packaging materials, but lacks a formal deforestation policy.

Respect for Cultures & Communities

NVE Corporation has no reported cultural appropriation incidents in the provided articles.

The company's operations, which involve spintronic components and sensors, do not appear to necessitate specific cultural impact assessment protocols, FPIC processes, or cultural site protection measures, nor do they indicate a need for community governance inclusion or formal partnerships with indigenous or local community groups. The concept of a social license to operate is also not explicitly applicable to their business model based on the evidence.

Safe & Smart Tech

NVE Corporation utilizes encryption for credit card transactions via a third-party service and for sensitive data such as passwords, which aligns with standard industry practices.

The company provides users with the ability to view, edit, and delete their data through their NVE Webstore account and offers unsubscribe options for emails, indicating good user data control. However, NVE retains customer data for up to seven years after account closure, which is a longer retention period than typically considered good practice for data minimization. The company explicitly states compliance with GDPR, effective May 25, 2018, which represents basic compliance with applicable regulations.

Zero Waste & Sustainable Products

NVE Corporation has implemented numerous waste reduction initiatives, including continuously evaluating opportunities to use fewer resources in production, recycling manufacturing byproducts, shipping materials, office paper, and aluminum cans.

The company complies with Hennepin County business recycling requirements, adopted e-Proxy procedures in 2007, and provides ceramic coffee cups to employees to avoid Styrofoam waste. Additionally, NVE reclaims precious metals from its manufacturing process, and has invested in more efficient heating, air conditioning, and water heating modules (2015-2018) and energy conservation expansions (2012 and 2025). For hazardous waste, NVE certifies compliance with multiple regulations including RoHS, REACH, POPs, TSCA PBT Section 6(h), California Proposition 65, and IEC Halogen-Free. The company's equipment is designed to prevent sulfur hexafluoride (SF6) leaks, and it periodically offers employees free recycling of their hazardous waste and unneeded personal electronics. NVE has not reported any waste disposal violations in the past three years.