MASHINIi

TTM Technologies, Inc..

TTMI.US | Manufacture of electronic components and boards

TTM Technologies, Inc. is a global manufacturer of printed circuit boards (PCBs), high-frequency radio frequency (RF) components, and custom assemblies. The company serves a broad range of industries, including aerospace and defense, automotive, computing, medical, industrial, and instrumentation. T...Show More

Ethical Profile

Mixed.

TTM Technologies presents a mixed ethical profile. The company holds an $86.7 million multi-year contract with the U.S. Army for missile defense systems. A 2023 data breach allegedly impacted over 7,000 individuals. Conversely, TTM has significantly reduced greenhouse gas emissions from 342,637 MT CO2e in 2022 to 121,328 MT CO2e in 2024. They also report a 34% decrease in water withdrawal and 36% in energy usage at PCB facilities, supported by solar installations. TTM maintains a whistleblower policy and an 89% independent board; however, transparency on ethical sourcing and labor practices remains limited.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect30
-100100
Fair Trade & Ethical Sourcing-30
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-20
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

-40

TTM Technologies' core products, printed circuit boards, are generally health-neutral, though they are supplied to the medical industry for surgical robotics and remote diabetes monitoring, and for ADAS technologies to increase vehicle safety.

1
The company's global recordable injury rate was 0.28 in 2024, which is below the U.S. industry average of 0.42 in 2023.
2
TTM offers an on-site health and physical therapy center at its largest U.S. facility, providing full medical exams, prescriptions, and referrals, with a typical visit cost of $30 for employees and their dependents.
3
These services are available to employees and their families, which includes approximately 800 people in Chippewa Falls.
4
The company focuses on wellness and prevention to catch chronic diseases early, and offers comprehensive benefit plans including mental health support, an employee assistance program, and telemedicine.
5
TTM's U.S. workforce is approximately 43% ethnically diverse and nearly 35% female, with 48% of U.S. new hires in 2024 identifying as underrepresented minorities.
6
The company has established an Inclusion Council for its North American workforce and infrastructure for employee resource groups, launching the Women in Technology program in 2022.
7
TTM promotes career growth through talent development, training, and education, and offers fair compensation and benefits.
8
The company has strong cybersecurity policies to protect customer, employee, and stakeholder data.
9
TTM focuses on reducing greenhouse gas emissions, water use, and hazardous waste, with a goal of carbon neutrality by 2040.
10
In 2024, 95% of its hazardous waste was disposed of renewably, and a new Penang facility is expected to consume 40% less water, have 50% less emissions, and produce 50% less hazardous waste than similar factories in Asia.
11
The company's sustainability policy, dated July 21, 2022, aims to positively impact the world by managing operations sustainably.
12

Fair Money & Economic Opportunity

0

No evidence available to assess TTM Technologies, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

30

In 2024, the company's CEO to median employee pay ratio was 223:1, with the median employee earning $17,973.

1
Approximately 52.13% of the global workforce is covered by collective bargaining agreements or recognized unions, including 8,500 employees in China and 50 in the U.S.
2
The global recordable injury rate (TRIR) was 0.28 in 2024, which is significantly below the U.S. industry average of 1.8 for bare printed circuit board manufacturing in 2023.
3
The 2024 employee engagement survey saw a 97% global participation rate, with results indicating "High Performing" in 13 of 14 engagement drivers.
4
The company offers comprehensive benefit plans for eligible employees, including mental health, employee assistance program, telemedicine, and several medical and dental plans, with an on-site health and physical therapy center at its largest U.S. facility.
5

Fair Trade & Ethical Sourcing

-30

TTM Technologies conducts global audits of its tier-1 suppliers every four years through self-assessment procedures.

1
For conflict minerals, TTM removed one non-RMAP conformant smelter from its PCB supply chain, demonstrating a remediation action within 90-120 days.
2
TTM's supplier contracts include ethical clauses requiring adherence to the Responsible Business Alliance’s Code of Conduct, TTM’s integrity policies, and compliance with laws like the Fair Labor Standards Act and anti-bribery acts.
3
TTM uses gold, tin, tantalum, and tungsten in its products and surveys suppliers on their sources, performing due diligence in line with OECD guidance and being a member of the Responsible Minerals Initiative.
4
TTM's objective is for all products to be confirmed "DRC Conflict Free".
5

Honest & Fair Business

0

TTM Technologies has a formal whistleblower protection policy, effective March 1, 2021, which includes an anonymous ethics hotline available 24/7 and managed by a third party.

1
The policy explicitly prohibits retaliation against whistleblowers and establishes procedures for the receipt, retention, and treatment of complaints about accounting, internal controls, or auditing matters.
2
The company reports that 89% of its board members are considered independent.
3
Its Code of Conduct includes anti-corruption provisions, and an ethics hotline is available, but the policy's training frequency and effectiveness metrics are not specified.
4
The company engages external auditors for GHG emissions and cybersecurity posture reviews, and compensation consultants are used, but the overall extent of independent verification of ethical claims is not quantified.
5

Kind to Animals

0

The provided articles, including TTM Technologies' Corporate Social Responsibility Report 2022

1
and Sustainability Report
2
, explicitly state that they do not contain any data relevant to the 'Kind to Animals' ethical value or its associated Key Performance Indicators. Therefore, no assessment can be made against the specified criteria based on the evidence provided.

No War, No Weapons

-20

TTM Technologies received an $86.7 million multi-year contract from the U.S. Army in August 2023, with an initial order of $14.7 million.

1
Based on the 2024 revenue of $2.4 billion,
2
the annualized value of this contract ($17.34 million) represents approximately 0.72% of annual revenue. The contract is for the AN/UPR-4(V) PDRS system, supporting air missile defense planning and control.
3

Planet-Friendly Business

-40

TTM Technologies reported combined Scope 1 and 2 greenhouse gas emissions of 135,024 tCO₂e in 2024, a 33.15% reduction from 2023 (201,973 tCO₂e).

1
Scope 3 emissions are not disclosed.
2
The company has not set specific reduction targets through the Science Based Targets initiative (SBTi).
3
TTM has a goal to source 60% of its energy from renewables by 2025.
4
In 2024, 95% of hazardous waste was disposed renewably, with a 2025 goal of achieving 97% hazardous waste recycled.
5
Water use per revenue was 0.9 Gallons/$ in 2024, a reduction from 1.0 Gallons/$ in 2022.
6
The company aims for carbon neutrality by 2040.
7
TTM incurred a $9,700,000 penalty for a water pollution violation in 2004 and a $7,200 penalty for an air pollution violation in 2019.
8

Respect for Cultures & Communities

0

TTM Technologies reported $2.4 billion in revenue for 2024.

1
The company contributed $20,000 to a special education and training center in 2024.
2
Between 2022 and 2024, the company completed 420 community projects, impacting 123 charities, nonprofits, and educational institutions, with employees volunteering over 3,600 hours.
3

Safe & Smart Tech

-20

The company experienced a data breach affecting over 7,000 individuals, discovered on October 4, 2023, with notifications starting on December 19, 2023.

1
It conducts annual employee training on cybersecurity and its Code of Conduct.
2
The company mentions vulnerability scanning and remediation processes, and states it employs technical and organizational measures to protect data, including risk assessments and access controls.
3
Its privacy policy references compliance with GDPR and CCPA, and a separate GDPR policy outlines user rights such as access, rectification, and erasure.
4
However, the GDPR policy does not provide specific details on user control mechanisms beyond outlining these rights, and users can opt-out of marketing communications.
5

Zero Waste & Sustainable Products

-20

TTM Technologies reported a 95% renewable disposal rate for hazardous waste in 2024.

1
Additionally, several North American sites achieved Small Quantity Generator (SQG) status in 2023 and 2024, indicating a reduction in hazardous waste generation.
2
The company has had no waste disposal violations in the past three years.

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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.