Teradyne Inc.
TER.US | Manufacture of measuring, testing, navigating and control equipment
Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment (ATE) worldwide. The company's Semiconductor Test segment offers ATE products and services for wafer level and package testing of semiconductors. Its System Test segment provides ATE for testing complex elec...Show More
Better Health for All
0
Teradyne's core products, automatic test equipment and collaborative robots, do not have a direct positive or negative health impact, resulting in a neutral net health effect. There is no evidence of revenue generated from products with negative health outcomes. The company does not offer health-related products or services, engage in preventative health or treatment activities, collect or manage health-related data, or conduct clinical trials. Teradyne is not a pharmaceutical or food company, and its products do not have addiction potential. While advancements in semiconductor testing can indirectly support medical device development, there is no specific evidence of R&D investment aimed at improving health outcomes. Employee health and safety initiatives, such as maintaining an injury and illness rate below the industry average, are noted but fall outside the scope of 'Better Health for All' as defined, which excludes workplace safety. General charitable programs like matching gifts are not specific health equity initiatives.
1
Fair Money & Economic Opportunity
0
Teradyne Inc. operates in the semiconductor equipment and materials industry and does not provide financial services or products to consumers.
1
Therefore, all KPIs related to fair money and economic opportunity, which assess financial institutions' impact on underserved customers, are not applicable to its business model. While the company offers employee development, training, educational reimbursement, and has a Diversity, Equity, and Inclusion (DEI) charter with related training and gender pay equity audits, these initiatives are internal to its workforce and do not pertain to external financial inclusion or economic opportunity for marginalized populations, as defined by this value.
Fair Pay & Worker Respect
0
Teradyne states a commitment to ensuring a living wage for all employees and complies with national wage regulations.
1
The company upholds pay equity policies
2
and conducts pay equity audits.
3
It respects the right of workers to form and join trade unions and to bargain collectively.
4
Teradyne maintains an employee health and safety policy,
5
provides basic EHS awareness training to all employees,
6
and requires contractors to complete safety training.
7
Injury rates are reported to be below the industry average.
8
The company offers insurance coverage, profit-sharing, and paid parental leave as employee benefits.
9
Teradyne engages with employees through regular surveys and open communication with executives,
10
and provides a confidential hotline for reporting potential violations.
11
Teradyne's internal and supplier codes of conduct prohibit child labor, human trafficking, forced labor, slavery, or any other form of non-freely chosen employment.
12
The company is an Affiliate Member of the Responsible Business Alliance (RBA) and commits to align its operations with the RBA Code of Conduct.
13
Employees undergo formal performance reviews annually.
14
Fair Trade & Ethical Sourcing
30
Teradyne requires its suppliers to adhere to the Responsible Business Alliance (RBA) Code of Conduct, which emphasizes safe working conditions and fair worker treatment.
1
The company conducts annual due diligence for 3TG minerals, reporting 100% verified conflict-free smelters for these materials in 2022.
2
In 2023, Teradyne relocated $1 billion worth of production out of China to enhance supply chain stability and compliance with U.S. regulations.
3
Honest & Fair Business
-20
Teradyne maintains a comprehensive Code of Conduct
1
and provides annual anti-bribery and corruption training to all employees, who are required to certify their understanding and compliance.
2
The company has published annual Corporate Social Responsibility reports since 2019
3
and is a member of the Responsible Business Alliance and the SEMI Climate Consortium.
4
In its 2022 Conflict Minerals Report, 100% of the smelters in its supply chain for tin, tungsten, tantalum, and gold were verified as conflict-free.
5
Kind to Animals
0
The provided articles do not contain specific, concrete information or data points related to Teradyne Inc.'s practices concerning animal welfare, animal testing, animal-derived ingredients, or habitat conservation directly impacting animals. The articles primarily focus on environmental sustainability initiatives such as renewable energy, emissions reduction, and waste management, without explicitly linking these efforts to measurable animal welfare outcomes or policies.
No War, No Weapons
-30
Teradyne has several defense contracts, including a five-year, $78.2 million contract awarded by the U.S. Air Force in 2021 for Versatile Diagnostic Automatic Test Station (VDATS) kits supporting military aircraft and weapon systems.
1
In 2019, the company received a $14.5 million contract from the U.S. Navy for the Enhanced Tactical Pod Tester (e-TPT) for military aircraft jamming systems.
2
Additionally, in 2015, the Naval Surface Warfare Center awarded Teradyne a $25 million contract for Trident 2 D5 testers and support for missile, guidance, fire control, and navigation systems.
3
Based on its 2024 revenue of $2.82 billion, the annualized portion of the 5-year Air Force contract represents approximately 0.55% of total revenue.
4
Teradyne Robotics conducts Third Party Due Diligence Procedures to ensure products are not used in violation of financial sanctions, restrictions, and anti-terrorism laws and regulations.
5
It also has a contractual right of termination with partners for breaches of sanctions regimes and export control regulations.
6
Regarding human rights, Teradyne's Human Rights Policy and Employee Handbook align with the Responsible Business Alliance (RBA) standard.
7
The company is an Affiliate Member of the RBA and commits to progressively align its operations with the RBA Code of Conduct.
8
Planet-Friendly Business
-20
Teradyne's current waste diversion rate is 45%.
1
Respect for Cultures & Communities
0
Teradyne supports charitable actions and community needs, providing relief during natural disasters like the Philippine typhoon in 2021
1
and a typhoon in Cebu
2
. The company engages in STEM outreach and donates to organizations supporting social justice, racial equality, and STEM education
3
. Teradyne has a Diversity and Inclusion Charter
4
, a DEI program manager
5
, an internal DEI website
6
, and offers mandatory and optional DEI training
7
. It also adheres to the Responsible Business Alliance Code of Conduct for responsible mineral sourcing
8
. However, the provided articles do not contain specific data points or details relevant to the quantitative KPIs for 'Respect for Cultures & Communities', such as formal partnerships with indigenous groups, cultural impact assessments, or specific cultural preservation investments.
Safe & Smart Tech
20
Teradyne has no documented data breaches or incidents of unauthorized data use.
1
The company demonstrates strong security testing coverage, thoroughly testing and hardening every semiconductor test product shipment, scanning every computer with anti-virus software, and performing Security Content Automation Protocol (SCAP) scans.
2
Security best practices are embedded throughout the software development lifecycle, and security testing is automated.
3
Teradyne's privacy policy aligns with GDPR, and it complies with recently published SEMI standards
4
and Defense Federal Acquisition Regulation Supplement (DFARS) requirements,
5
while also actively pursuing controls for the Cybersecurity Maturity Model Certification (CMMC) program.
6
Zero Waste & Sustainable Products
-40
Teradyne has achieved a solid waste diversion rate of approximately 45% from landfills.
1
This is supported by various waste reduction initiatives, including composting food waste, recycling electronics, paper, and cardboard, and utilizing other treatment methods to prevent waste from reaching landfills.
2
The company has set a quantitative goal to increase its waste diversion rate to 70%.
3