Sypris Solutions, Inc..
SYPR.US | Manufacture of other fabricated metal products n.e.c.
Sypris Solutions, Inc. is a diversified manufacturing company that provides a wide range of engineered products and services, primarily serving the commercial vehicle, energy, aerospace & defense, and general industrial markets. Their offerings include custom-engineered components, metal products, a...Show More
Better Health for All
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Sypris Solutions' business model is fundamentally neutral to the 'Better Health for All' value. The company manufactures components for various industries, including automotive, aerospace, and energy, which do not directly contribute to healthcare access or public health outcomes.
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The provided code of conduct outlines procedures for reporting suspected violations and mentions protecting employee personal data.
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However, it does not contain information related to health products, services, or related metrics.
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Therefore, there is insufficient evidence to assess Sypris Solutions' alignment with the 'Better Health for All' value.
Fair Money & Economic Opportunity
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Sypris Solutions, Inc. is a diversified manufacturing company that provides engineered products and services.
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The provided articles do not contain any evidence that the company offers lending, insurance, or other financial services to consumers or businesses. Therefore, none of the KPIs under the 'Fair Money & Economic Opportunity' value, which specifically evaluates financial institutions' impact on financial inclusion and economic opportunity, can be scored based on the available information.
Fair Pay & Worker Respect
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No specific, quantitative data relevant to the 'Fair Pay & Worker Respect' KPIs for SYPR.US was found in the provided articles.
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The articles explicitly state that no data is available or that access to the information was throttled, preventing extraction of relevant metrics on compensation, benefits, safety, or labor practices.
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Fair Trade & Ethical Sourcing
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Sypris Solutions relies on its suppliers to provide information regarding conflict minerals, using the Conflict Minerals Reporting Template (CMRT).
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For the year ended December 31, 2023, the company reported an 89% response rate from its Supplier Group to these surveys.
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However, despite this response rate, Sypris acknowledges that it has insufficient data to determine the specific origin of conflict minerals in its products and faces challenges in obtaining complete and accurate information throughout the supply chain.
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The company expects its suppliers and business partners to uphold high standards and will use good care and judgment in their selection, treating them fairly.
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Sypris plans to review the inclusion of Conflict Minerals compliance provisions in supplier contracts and will consider alternative ways to facilitate conflict-free sourcing in new or renewing contracts.
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Honest & Fair Business
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No evidence available to assess Sypris Solutions, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Sypris Solutions, Inc. on Kind to Animals.
No War, No Weapons
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Sypris Electronics manufactures and tests advanced electronic power supply modules for a classified, mission-critical missile program, with production scheduled to begin in 2026.
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The company is a diversified provider of aerospace and defense electronics, with Sypris Electronics focused on providing solutions to the U.S. Government, including defense agencies, and worldwide aerospace and defense prime contractors.
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Sypris Electronics also focuses on cyber security and analytics, including software, hardware, and service solutions for operations and sensitive information protection, which are dual-use technologies.
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The company's due diligence program for conflict minerals is designed to conform with OECD Guidance, and for the year ended December 31, 2024, it surveyed 82% of its total direct material spend, receiving a 98% response rate from this supplier group.
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However, for the year ended December 31, 2014, the company was unable to identify with certainty the origin of conflict minerals due to incomplete supplier response information.
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The company states that the U.S. imposes restrictions on the sale or transfer of sensitive technology/data into certain countries.
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Senior management is regularly briefed about due diligence efforts.
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Planet-Friendly Business
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No specific, concrete data points were found in the provided articles for any of the Planet-Friendly Business KPIs. The articles primarily focus on financial performance and explicitly state that carbon emissions data, reduction targets, and other sustainability metrics are not publicly available or mentioned.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles to assess Sypris Solutions, Inc. against any of the 'Respect for Cultures & Communities' KPIs. The available documents, primarily a Form 10-K and career pages, do not contain information on formal partnerships, community reinvestment, cultural incidents, impact assessments, local employment ratios, grievance mechanisms, or other community-related metrics.
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Safe & Smart Tech
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The company states that cybersecurity threats, including previous incidents, have not materially affected its business strategy, results of operations, or financial condition.
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Sypris Electronics, a subsidiary, complies with NIST SP 800-53 and NIST 800-171, is ITAR and COMSEC compliant, and holds various quality and industry-specific certifications including ISO 9001:2015 and AS9100D.
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Key personnel receive enhanced cybersecurity training regularly.
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The company's privacy policy states it does not collect or store personally identifiable information (PII), usage data, or analytics, and does not use cookies or tracking technologies.
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This implies a strong data minimization approach, and since no personal data is collected, there is no risk of unauthorized access, sharing, or breaches related to user information, and users have maximum control over their data as none is collected.
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The company leverages NIST 800-171 for its cybersecurity and information security program, proactively identifies vulnerabilities with threat intelligence, and has a managed service provider for incident response.
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Sypris Electronics has a history of providing encryption-based products and services, and manufactures components for cryptographic functions for the Army Key Management System (AKMS).
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The company's privacy policy indicates that privacy is a core design principle as it avoids collecting personal data by default.
Zero Waste & Sustainable Products
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Sypris Technologies Inc. reported total on- and off-site disposal or other releases of 24,981 pounds of toxic chemicals in 2024, including Chromium, Manganese, and Nickel.
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The company states it complies with all environmental laws and regulations, including those governing the handling and disposal of solid and hazardous wastes, and makes proper inquiries into disposal service providers.
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However, groundwater and other contamination has occurred at certain current and former facilities during previous ownership.
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The company has not reported any waste disposal violations in the past three years.
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Sypris aims to improve the lifespan of its products and re-engineer solutions to eliminate cost without reducing durability or quality.
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The company strives to enhance manufacturing capabilities using techniques like lean manufacturing and Six Sigma, and to identify and eliminate root causes of scrap, which indicates an industry average material efficiency.
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The Toluca, Mexico facility has ISO 14001 and Clean Industry certifications, but there is no evidence of zero waste certification for other facilities.
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The company does not have formal waste reduction targets, nor does it specify waste reduction or recyclability requirements for suppliers.
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There is no information provided on programs to educate customers on proper disposal or recycling of products.
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Annual waste audits are conducted for major facilities, as indicated by the ISO 14001 certification at the Toluca, Mexico facility.
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