MASHINIi

Snap-On Inc.

SNA.US | Wholesale of other machinery and equipment

Snap-on Incorporated is a global developer, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users. The company's products and services include hand tools, power tools, tool storage, diagnostics software and equipment, and repair...Show More

Ethical Profile

Mixed.

Snap-on Inc. faces scrutiny over ethical practices. Critics point to allegations of deceptive franchise practices, particularly impacting military veterans, and a 2022 data breach that led to a class-action settlement. The company also has a history of labor violations, including a $365,000 wage settlement in 2014. Snap-on holds contracts with the U.S. military, including a $1.5 million Army contract. In environmental efforts, Snap-on reduced CO2 emissions by 15% since 2019 and aims for a 25% GHG reduction by 2030, deploying solar panels. However, challenges remain in supply chain transparency and overall emissions.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing-10
-100100
Honest & Fair Business-30
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities10
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

Snap-on's principal goods and services, which include tools, equipment, and diagnostics for professional users, have no significant direct positive or negative health impact, resulting in a neutral score for health_impact_core and harmful_revenue_share.

1
The company does not offer health-related products or services, collect health data, conduct clinical trials, or operate in the pharmaceutical or food industries, rendering many health-related KPIs not applicable.
2
Evidence pertaining to workplace safety, employee health and wellness programs, and environmental pollution control is explicitly excluded by the definition of the 'Better Health for All' value.
3

Fair Money & Economic Opportunity

0

The provided article details Snap-on Inc.'s financing programs for franchisees through Snap-on Credit, including assistance with initial investments and working capital

1
. It also notes a $20,000 discount on initial tool inventory for veterans
2
and mentions 'low initial license fees'
3
. However, the article does not provide specific quantitative data points required by the rubric, such as percentages of underserved clients, average APRs, revenue from high-cost products, share of the loan book for inclusion initiatives, customer data accessibility, regulatory findings, wealth-building outcomes, profit reinvestment, financial literacy program reach, customer debt-to-income ratios, geographic inclusion, or product readability levels. Consequently, no KPIs can be scored based on the available evidence.

Fair Pay & Worker Respect

10

Snap-on reported a safety incident rate of 1.08 in 2024.

1
The company's CEO to median employee pay ratio was 172:1 in fiscal year 2024.
2
As of December 30, 2023, approximately 20.45% of Snap-on's worldwide workforce was covered by collective bargaining agreements.
3
The company has not experienced any significant work slowdowns, stoppages, or other labor disruptions in recent years.
4
While Snap-on incurred penalties for a $365,000 wage violation settlement in 2014
5
and a $29,045 labor relations violation in 2008,
6
no substantiated labor-law or human-rights violations have been reported in the past three years. The company has formalized policies prohibiting forced labor, child labor, human trafficking, and discrimination, and requires annual training on human rights matters.
7

Fair Trade & Ethical Sourcing

-10

Snap-on currently does not perform supplier audits with respect to contractual obligations, although it reserves the right to monitor compliance through surveys and other means.

1
Snap-on has Supplier Agreements and Purchase Order Terms and Conditions in place with all key direct and ODM suppliers, requiring them to comply with international standards and laws regarding forced and child labor, with a specific anti-human trafficking compliance contract clause embedded.
2
Snap-on conducts due diligence on conflict minerals, requiring suppliers to complete an annual survey.
3
A 2023 survey of 1,824 suppliers revealed that approximately 18% confirmed the presence of conflict minerals, with nearly all of these reporting sourcing from Responsible Minerals Assurance Process (RMAP) certified smelters or refiners.
4
However, the company acknowledges challenges in tracing the origins of all materials and has insufficient information to determine the total extent of conflict minerals from high-risk regions.
5

Honest & Fair Business

-30

Snap-on received an S&P Global ESG Score of 28.

1
The company makes various SEC filings, governance documents, and its SASB Index publicly available, and has voluntarily reported Scope 1 and Scope 2 greenhouse gas emissions to the CDP annually since 2008.
2
In the past three years, Snap-on incurred a $10,000 environmental violation fine in 2024.
3
Its SEC filings indicate no financial restatements.
4
The company maintains a comprehensive anti-corruption policy that prohibits bribery, improper payments, and tax evasion, complying with international acts such as the FCPA and UK Bribery Act.
5
This policy is supported by annual anti-corruption training for relevant employees
6
and includes vetting third parties against sanctions lists.
7
Snap-on also has a whistleblower policy that prohibits retaliation for good-faith reporting, offering multiple channels including an an anonymous 24/7 third-party helpline,
8
and provides annual ethics training;
9
however, the program's effectiveness is not publicly measured.

Kind to Animals

0

Snap-on Inc. manufactures tools and equipment, and its operations do not directly involve animal testing or cruelty.

1
The company's business model is inherently separate from the use or impact on animals, resulting in a neutral position regarding animal welfare.
2
There are no significant contributions to or violations of animal-friendly practices.
3

No War, No Weapons

0

Snap-on Inc. derived approximately $81,500 from military contracts for tools and maintenance equipment in 2024, against total net sales of $4.7 billion for the same year.

1
This represents less than 1% of its total revenue.
2
The company explicitly states that it does not manufacture weapons.
3

Planet-Friendly Business

-20

The company reported one environmental compliance violation in 2024, resulting in a $10,000 penalty.

1
It has SBTi-validated targets to reduce absolute Scopes 1 and 2 emissions by 25% by 2025 from a 2019 baseline, and Scope 3 emissions by 35% per unit of value added by 2025.
2
In 2024, 99.9% of operational energy consumption was sourced from renewables.
3
Water use was 136.5 m³ per $1 M revenue in 2022. The waste diversion rate was 53.0% in 2022.
4
In 2024, the company initiated supplier-side emissions data collection from five of its top 10 suppliers by spend.
5
Snap-on assesses climate-related risks and opportunities in line with TCFD recommendations, refreshing its Climate Scenario Analysis in 2023.
6
The company supports climate justice through its purchase of carbon removal credits from Octavia Carbon, which aids the development of Africa’s first Direct Air Capture (DAC) facility in Nairobi, fostering green jobs in the region.
7
This initiative also contributes to just transition programs by creating green jobs in the region.
8

Respect for Cultures & Communities

10

Snap-on collaborates with over 400 schools and industry partners, and over 70 technical schools, through formal agreements that contribute to community development.

1
2
The company has no reported cultural appropriation incidents.
3
Snap-on seeks to apply the principles of free, prior and informed consent where practical when dealing with indigenous peoples, indicating a protocol for cultural impact assessment, though its implementation may be inconsistent.
4
The company's Privacy Policy is available in French.
5
, and its mission statement is translated into multiple languages and displayed globally, demonstrating basic language inclusivity.
6

Safe & Smart Tech

-10

Snap-on experienced a minor data breach in March 2022, affecting employees and franchisees (estimated to be less than 100,000 individuals).

1
The company responded with prompt disclosure, forensic analysis, law enforcement notification, and offered identity theft protection services, which was later extended through a class-action settlement.
2
For user data control, Snap-on provides comprehensive options for EU/EEA and California residents, including rights to access, amend, erase, restrict processing, port data, and object to automated decisions.
3
Users can update information via online accounts or customer service and opt out of marketing.
4
The company states compliance with GDPR, CCPA, California Electronic Communications Privacy Act, and Nevada law, confirming it has not "sold" personal information under these acts.
5
However, online account access primarily relies on user ID and password, with no mention of multi-factor authentication.
6
The company uses data encryption as a technical safeguard and conducts ongoing system security and vulnerability assessments, including ethical hacking and third-party reviews, and debugs products.
7
However, specific details on the extent of encryption, vulnerability patching timeframes, or the scope and frequency of security testing are not provided. There is no explicit mention of a formal bug bounty program.

Zero Waste & Sustainable Products

-30

Snap-on operates an ISO 14001:2015 certified Environmental Management System (EMS)

1
which includes proactive management of regulatory requirements and corrective actions
2
, indicating a proactive compliance program for waste disposal
3
. The company implements several initiatives
4
, focusing on eliminating or reducing pollution at its source and properly disposing of or treating waste that is not recycled
5
. However, specific quantitative data on waste diversion rates, product recyclability percentages, or reductions in single-use plastics are not publicly disclosed
6
.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.