MASHINIi

TT ELECTRONICS PLC.

TTG.LSE | Manufacture of electronic components and boards

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company operates through three divisions: Power & Connectivity, Sensing & Control, and Global Manufacturing Solutions. The Power & Connectivity division designs and manufactures power convers...Show More

Ethical Profile

Mixed.

Not enough information to create an ethical profile.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing30
-100100
Honest & Fair Business-50
-100100
Kind to Animals0
-100100
No War, No Weapons-40
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities50
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

TT Electronics' healthcare solutions generated 24% of its total Group revenue in 2023, providing design and manufacturing solutions for diagnostic, surgical, and direct patient care devices that are critical for disease identification, treatment, and prevention.

1
The company has no products with significant negative health impacts. TT Electronics received ISO 27001 Certification on January 28, 2025, demonstrating a commitment to protecting its own and its customers’ data assets with stringent information security measures across all its technologies and operations worldwide.
2
The company also has a privacy policy
3
and is registered with the UK Information Commissioner’s Office.
4
As an electronics manufacturer, the company does not hold healthcare-related patents, produce food or nutritional products, have products with addiction potential, or conduct clinical trials.

Fair Money & Economic Opportunity

0

TT Electronics is a global provider of engineered electronics for performance-critical applications, not a financial services company. As such, the company does not offer lending, deposit services, or consumer credit products. Therefore, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, financial inclusion initiatives, customer data accessibility for financial services, fair lending compliance, customer wealth-building outcomes, profit reinvestment in community finance, financial literacy initiatives for customers, customer debt burden ratio, and geographic inclusion for financial services, are not applicable to its business model.

Fair Pay & Worker Respect

20

The company reported a Total Recordable Incident Rate (TRIR) of 0.31 in 2024, which is significantly below the industry average of 1.2.

1
For its UK operations, the median hourly pay for women was 84.8% of men's median hourly pay in 2024, representing a 15.2% difference.
2
The company states it ensures fair and equal pay for like-for-like roles within each labor market and publishes an annual UK Gender Pay Gap report.

Fair Trade & Ethical Sourcing

30

TT Electronics states it does not knowingly use Tin, Tantalum, Tungsten, and Gold derived from the Conflict Region in its products.

1
It requires suppliers to use the EICC-GeSI Conflict Minerals reporting template to demonstrate they will not knowingly procure specified metals from the Conflict Region.
2
The company monitors or assesses over 80% of its global direct material spend.
3
A digital supplier risk rating tool has been applied since 2017, and a Procurement Code of Conduct was launched in 2021.
4
Specific prohibitions against forced, compulsory, or trafficked labor are included in contractual arrangements, and a link to the Code of Business Ethics is included in contractual terms and conditions.
5
The Modern Slavery Policy, first adopted in December 2016, has been reviewed annually since 2017.
6

Honest & Fair Business

-50

TT Electronics restated its H1 2024 results due to material errors identified in its 2023 Financial Statements and opening balances in 2024, primarily related to its North American operations

1
. This represents one restatement event in the last two years. The company has a Whistleblower Policy and Hotline
2
, which allows for anonymity
3
, ensures confidentiality
4
, and assures non-retaliation for good faith disclosures
5
, with all reports investigated
6
. However, there is no evidence of independent investigation processes. TT Electronics also has an Anti-bribery policy establishing the UK Bribery Act 2010 as its baseline standard
7
and takes a zero-tolerance approach to bribery and corruption
8
, but details on its scope, training, or specific guidance are not provided.

Kind to Animals

0

No evidence was found in the provided articles to assess TT Electronics plc against the 'Kind to Animals' ethical value. The articles discuss topics such as modern slavery policies

1
, general supplier risk assessment for direct materials
2
, and general environmental activities like beach cleaning
3
, but these do not provide specific data points or actions related to animal welfare, animal testing, animal-derived ingredients, or habitat conservation as defined by the rubric's KPIs.

No War, No Weapons

-40

TT Electronics is actively expanding its military business lines, securing new defense contracts including £50 million commencing 2025

1
and £20 million in new and renewed contracts,
2
and acquired Torotel in 2020.
3
The company had historic sales of commercial components to Russia,
4
which were later found in a Russian weapons system,
5
despite end-user certificates being obtained.
6
Following Russia’s invasion of Ukraine, TT Electronics adopted a total prohibition on all sales to Russian entities.
7
The company states its components are commercial and not classified as military or dual-use under UK export control regulations.
8
TT Electronics is a member of the Responsible Business Alliance
9
and assesses over 80% of its global direct material spend for corporate responsibility,
10
including Modern Slavery, with a zero-tolerance approach
11
and annual policy reviews since 2017.
12

Planet-Friendly Business

-40

TT Electronics sources 62% of its total electricity consumption from renewable sources.

1
The company has set a Net Zero target for Scope 1 and 2 emissions by 2030, which was brought forward from 2035, and aims for like-for-like reductions annually.
2
The company is committed to Science-Based Targets (SBTi).
3
It is consistent with ten of the eleven disclosures in the Task Force on Climate-related Financial Disclosures (TCFD) statement, having undertaken a substantial qualitative and quantitative analysis of its business model's resilience.
4
No specific regulatory actions, violations, or fines related to environmental compliance were mentioned.
5

Respect for Cultures & Communities

50

TT Electronics provides a multi-lingual whistle-blower hotline for reporting issues, indicating the availability of formal grievance mechanisms across its operations.

1
The company also engages in local community support, with its Bedlington facility raising £19,400 for Maggie’s Cancer Trust
2
and its Kuantan facility raising over $600 for local environmental charities.
3
Employees recorded 1,250 volunteer hours
4
and are offered five hours of paid leave per year to support local causes.
5
The company also fosters STEM partnerships with local schools.
6
TT Electronics emphasizes ethical standards, human rights, and a zero-tolerance approach to modern slavery in its policies and procurement code.
7

Safe & Smart Tech

10

TT Electronics has achieved ISO 27001 certification, which covers all its technologies and operations worldwide, demonstrating a commitment to information security management.

1
The company states compliance with GDPR, outlining user rights to access, correct, erase, object to processing, restrict processing, transfer data, and withdraw consent.
2
It also applies EU Model Contracts for international data transfers.
3
Users can opt out of marketing communications.
4
The company commits to retaining personal data only as long as necessary to fulfill collected purposes, including legal, accounting, or reporting requirements.
5

Zero Waste & Sustainable Products

-20

TT Electronics diverted 88% of company waste from landfills.

1
The company has set waste reduction targets to eliminate single-use plastics and waste to landfill by 2035
2
, and to reduce the amount of waste sent to landfill every year.
3
For its suppliers, TT Electronics requires compliance with environmental legislation, including waste
4
, and mandates preventive actions against pollution and implementation of corrective action plans for environmental performance improvement.
5
The company also favors suppliers with documented environmental policies and ISO 14001 accredited Environmental Management Systems.
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.