Tungray Technologies Inc.
TRSG.US | Manufacture of electric lighting equipment
Tungray Technologies Inc. is a holding company that, through its subsidiaries, is engaged in the research, development, manufacture, and sale of light-emitting diode (LED) lighting products in China. The company offers a range of LED lighting products, including LED indoor lighting, LED outdoor ligh...Show More
Better Health for All
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Tungray Technologies Inc. is primarily engaged in LED lighting products and industrial manufacturing solutions. The provided articles explicitly state that there is no direct connection to the health sector or data relevant to 'Better Health for All' metrics.
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While R&D spending increased by 34.3% in 2024,
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there is no evidence indicating this investment is specifically aimed at improving health outcomes or accessibility. The company's products do not have direct health implications, nor do its operations involve health-related data, clinical trials, or pharmaceutical patents. Therefore, all KPIs related to health impact, safety, accessibility, innovation, and other health-specific initiatives are scored as neutral or not applicable due to a lack of relevant evidence.
Fair Money & Economic Opportunity
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No evidence available to assess Tungray Technologies Inc on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No specific, concrete data points were provided in the articles to assess Tungray Technologies Inc. against any of the KPIs for Fair Pay & Worker Respect.
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Information regarding living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage was not available.
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Fair Trade & Ethical Sourcing
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No specific, quantitative data related to fair trade and ethical sourcing, such as fair-trade certification share, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend, was found in the provided articles for Tungray Technologies Inc.
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While a Code of Business Conduct and Ethics exists, it does not provide measurable data on these KPIs.
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Honest & Fair Business
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Tungray Technologies Inc. will restate its financial statements for 2021, 2022, and 2023 due to misstatements, including improper income tax expense recording, incorrect asset amortization, and errors in identifying non-deductible expenses.
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This constitutes 3 annual restatements within the past five years. The company has an anti-corruption policy that explicitly prohibits bribery and kickbacks, references FCPA compliance, and includes guidelines for facilitating payments.
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However, there is no evidence of the frequency of training or publicly measured effectiveness of this policy.
Kind to Animals
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Tungray Technologies Inc. is listed on crueltyfreeinvesting.org with the designation "No Animal Exploitation."
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This indicates that the company does not engage in animal testing, implying zero animals used in testing and a global ban on such practices.
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As a manufacturer of LED lighting products, the company's core business does not involve animal-derived ingredients, animal agriculture, or direct impact on wildlife habitats, making several animal-related KPIs not applicable.
No War, No Weapons
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No specific, concrete data points were found in the provided articles to assess Tungray Technologies Inc. against the 'No War, No Weapons' ethical value. The available information indicates that sustainability data is unavailable for the company as of July 9, 2024.
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Planet-Friendly Business
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No evidence available to assess Tungray Technologies Inc on Planet-Friendly Business.
Respect for Cultures & Communities
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No specific, concrete data points or evidence related to 'Respect for Cultures & Communities' were found across any of the provided articles.
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The articles primarily focus on financial performance or explicitly state that no relevant information for these metrics was available or could be extracted.
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Safe & Smart Tech
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The company's services are explicitly stated as not being tailored to comply with industry-specific regulations such as HIPAA and FISMA.
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Furthermore, users are informed they may not use the services in a way that would violate the Gramm-Leach-Bliley Act (GLBA), indicating a lack of company-led compliance for these regulations.
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Zero Waste & Sustainable Products
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No specific, quantifiable data regarding Tungray Technologies Inc.'s waste management, sustainable product practices, or circular economy initiatives is provided in the available articles.
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The articles explicitly state the absence of information on metrics such as waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, or waste reduction targets.
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While a general commitment to sustainability is mentioned, no supporting data or specific actions are detailed.
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