Better Health for All

Navitas Semiconductor's core products, GaN and SiC power ICs, enable energy savings of up to 40% and reduce CO2 emissions.

Each GaN power IC shipped saves 4 kg CO2, and each SiC FET saves 25.2 kg CO2. By August 2023, over 100 million GaN and 12 million SiC devices had been shipped, achieving a reduction of approximately 200,000 tons of CO2. SiC is also suited for higher-power medical imaging applications. The company has shipped over 50 million units with zero reported GaN-related field failures. Gallium metal, used in GaN, is a non-toxic, non-conflict byproduct of aluminum smelting. Navitas' products are cost-effective, driving down cost-per-watt of energy conversion and storage, and supporting cost reductions of up to 25% in residential solar adoption.

Fair Money & Economic Opportunity

Navitas Semiconductor Corporation is a semiconductor company that designs and markets power integrated circuits.

Its core business activities do not involve lending, insuring, moving, or storing money for consumers or businesses in a financial services context. Therefore, the company does not offer consumer credit products, manage customer financial data, or operate as a financial institution. As such, 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, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its operations.

Fair Pay & Worker Respect

Navitas Semiconductor's overall rating on Glassdoor is 4.3 out of 5 stars, with 70% of reviewers recommending working at the company and 70% having a positive business outlook.

The company conducts annual employee surveys. While some reviews mention 'good benefits' and 'full employer-paid benefits' for other companies, there is no specific quantitative data on the percentage of Navitas Semiconductor's workforce covered by employer-funded health insurance.

Fair Trade & Ethical Sourcing

Navitas Semiconductor reported that for 2024, 97% of the 137 identified smelters/refiners of conflict minerals (tin, tantalum, tungsten, gold) in its supply chain were assessed as RMAP Conformant.

For 2023, all 142 identified smelters/refiners were RMAP Conformant. The company has not been subject to any fines, penalties, enforcement actions, litigation, or other liability related to forced labor in its supply chain in the past five years, and no goods have been seized by Customs and Border Patrol due to forced labor. Navitas obtained Conflict Minerals Reporting Templates (CMRTs) from 100% of its direct suppliers in both 2023 and 2024, but the extent of traceability beyond tier 1 is not quantified. The company expects its business partners, including suppliers, to follow its Code of Business Conduct and Ethics, and suppliers must adhere to the Supplier Code of Conduct, which embodies the RBA Code of Conduct. Navitas uses tin, tantalum, tungsten, and gold (3TG) in its products, and while it has a conflict minerals policy and due diligence, it does not specify the share of spend on these or other high-risk materials, nor does it quantify the extent to which these risks are mitigated beyond RMAP conformance for smelters/refiners.

Honest & Fair Business

Navitas Semiconductor has a whistleblower policy that allows for anonymous and confidential complaints regarding accounting, internal controls, or auditing matters via a secure web form or hotline.

These messages are encrypted and delivered directly to the Audit Committee, with a 14-16 digit code provided for tracking status. The company explicitly prohibits retaliation against employees who report potential violations and states that messages will be reviewed within two business days. However, the company identified a material weakness in internal controls over financial reporting related to stock compensation and license agreements, which prevented the timely filing of its Form 10-Q for the period ended March 31. Navitas Semiconductor has a Code of Business Conduct and Ethics, effective January 1, 2024, which applies to all directors, officers, employees, and business partners worldwide, and mentions compliance with the Foreign Corrupt Practices Act. While 100% of suppliers were requested to provide Conflict Minerals Reporting Templates (CMRTs), and all 142 identified smelters/refiners were assessed as "RMAP Conformant" as of May 31, 2024, the company has not carried out an independent third-party audit of its supply chain due diligence.

No War, No Weapons

Navitas Semiconductor has a publicly available Responsible Minerals Policy and a Supplier Code of Conduct, requiring suppliers to assure that minerals do not finance armed groups or contribute to human rights abuses in Conflict-Affected or High-Risk Areas.

The company reported that 100% of its direct suppliers provided conflict minerals reporting data for 2024, and 97% of identified smelters and refiners were assessed as 'RMAP Conformant'. Navitas conducts thorough due diligence on its suppliers and commits to updating its due diligence practices annually. The company adheres to principles of human rights and labor standards, has adopted the Responsible Business Alliance (RBA) Code of Conduct, and states its due diligence measures conform with OECD Guidance. However, Navitas has not carried out an independent third-party audit of its supply chain due diligence for war risk. Based on its Reasonable Country of Origin Inquiry, Navitas believes certain conflict minerals in its products may have originated in Covered Countries and may not have been from recycled or scrap sources. The company monitors supply chain due diligence processes and addresses non-conformant smelters and refiners, assessing risks and reconsidering business relationships with non-compliant suppliers.

Planet-Friendly Business

Navitas Semiconductor reported total Scope 1, 2, and 3 emissions of 939,091.4 tCO2e in 2022, comprising 0 tCO2e for Scope 1, 236.3 tCO2e for Scope 2, and 938,855.1 tCO2e for Scope 3.

Scope 3 emissions increased from 14,315 tCO2e in 2020 to 938,855.1 tCO2e in 2022. The company committed to the Science Based Targets Initiative (SBTi) in July 2021, aiming for a maximum 1.5°C rise in global temperatures by 2050, but validation of these targets is pending. Navitas has a net-zero target year of 2050. The company uses a comprehensive life-cycle assessment (LCA) approach, with third-party LCA analysis existing for GaNFast power ICs and 65W mobile chargers. All suppliers demonstrated 100% compliance with ISO14001 from 2018-2023.

Respect for Cultures & Communities

Navitas Semiconductor's Code of Conduct is available in English and Mandarin, indicating limited local language incorporation.

There is no specific evidence regarding formal partnerships with indigenous or local community groups, reinvestment in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms for community concerns, complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural organizations, community fund allocation, cultural incident response, or cultural sensitivity training completion.

Safe & Smart Tech

No specific, quantifiable evidence was found in the provided articles to score Navitas Semiconductor Corporation (NVTS.US) against the 'Safe & Smart Tech' ethical value. pertains to 'Navitas Pty Ltd,' an education provider, which is a different entity from NVTS.US.

describes cybersecurity services offered by 'Navitas Tech' to other companies, rather than detailing NVTS.US's own internal security practices or performance. While reported a data breach for 'Navitas Semiconductor' on September 2, 2024, with a leak size of 110.9GB, it did not provide the crucial metric of 'number of users affected,' which is required by the rubric to assign a score for the 'data_breach_severity' KPI. Consequently, no KPIs could be scored based on the provided evidence.

Zero Waste & Sustainable Products

Navitas Semiconductor reported a 92% waste recycling rate in 2023.

The company achieved a 35% reduction in chemical waste in 2023. Gallium metal, a key component, is non-toxic and a byproduct of aluminum smelting. Navitas offers a 20-year warranty on its GaN power ICs, with over 100 million GaN and 12 million SiC power devices shipped by August 2023 with zero reported GaN field failures. The company conducts annual measurements and reporting of its corporate carbon footprint. Navitas has ambitious waste reduction targets, aiming for a 10% reduction in per-unit CO2 footprint in 2023 versus the Q4 2022 baseline, after achieving a 6% reduction in 2022 and 5% in 2021. The company encourages and supports suppliers who prioritize environmental protection, resource-efficient practices, and responsible waste management, and requires 100% of its suppliers to be ISO14001 compliant from 2018 to 2023. Navitas' GaN technology enables up to 3x more power in half the size and weight of legacy silicon, and GaN device production yields 3-5x greater output per equipment set compared to traditional silicon, with a 4x-10x lower CO2 footprint to manufacture and ship than silicon chips.