Better Health for All

UFP Technologies primarily focuses on the medical market, designing and manufacturing components and products like FlexShield, which provides sterile barrier integrity protection for medical devices, aiming to improve treatment outcomes and reduce infection risk.

This strategic focus on health-positive impact aligns with 80-85% of its product portfolio delivering substantial health benefits. The company discloses risks related to COVID-19, customer concentration, product defects, competition, raw material costs, security breaches, intellectual property, and regulatory compliance in its 2020 10-K filing. This indicates comprehensive risk disclosures, but not industry-leading or exceptional transparency. During the COVID-19 pandemic, the company implemented safety measures such as mask mandates, enhanced cleaning, PPE provision, social distancing, and remote work. However, no further details on its crisis response, such as resource flexibility or donations, are provided, indicating a structured but limited response.

Fair Money & Economic Opportunity

UFP Technologies, Inc. is a manufacturer and not a financial institution, therefore most KPIs related to financial services are not applicable. The company does not offer lending, deposit, or other financial products to consumers, resulting in a score of 0 for underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (related to loan/insurance books), data accessibility (for financial data), fair lending compliance, wealth building outcomes, debt burden ratio, geographic inclusion (for banking services), and product simplicity (for financial products).

While the company donates to various community organizations, there is no evidence of profit reinvestment specifically in community finance or profit-sharing with underserved communities. The company does engage in financial literacy initiatives through volunteer work for Junior Achievement, delivering programs on financial literacy, work readiness, and entrepreneurship to students. However, the evidence does not provide details on the reach or outcomes of these programs, nor does it indicate structured programs beyond volunteer efforts, aligning with a score of -80.

Fair Pay & Worker Respect

UFP Technologies reported a CEO-to-median employee pay ratio of 1,024:1.

The company's Total Recordable Incident Rate (TRIR) for 2024 was 0.76, with zero fatalities recorded from 2019 to 2024. Employee ratings on Glassdoor average 3.3 out of 5 stars, which corresponds to 66%.

Fair Trade & Ethical Sourcing

UFP Technologies requires all suppliers to acknowledge purchase orders that include Supplier Guidelines.

These guidelines set out requirements and expectations for suppliers, including policies to address risks of human trafficking and slavery. Failure to comply with any part of the Supplier Guidelines can result in the termination of the contract or the business relationship. The company supports responsible sourcing practices, including compliance with the Conflict Mineral provision of the Dodd-Frank Act and the California Supply Chain Act.

Honest & Fair Business

UFP Technologies has established procedures for confidential anonymous submissions of concerns regarding accounting or auditing matters, and its Code of Business Conduct and Ethics details procedures for reporting violations and potential conflicts.

However, there is no evidence of independent investigation processes for these reports. The company's Audit Committee Charter states that members must be free from relationships that would interfere with independent judgment, as determined by the Board, but does not provide a specific percentage of conflict-free board members. The Code of Business Conduct and Ethics, adopted in March 2022, covers ethical dealings domestically and internationally, including interactions with government officials, but there is no information on the frequency of training or effectiveness metrics for this policy. The company has established procedures for the receipt, retention, and treatment of complaints, but no median resolution time is provided.

No War, No Weapons

The company did not make any political contributions in the most recently ended fiscal year, indicating no defense-related lobbying.

UFP requires suppliers to acknowledge compliance with local laws regarding slavery and human trafficking through Supplier Guidelines, with non-compliance potentially leading to contract termination. The company supports responsible sourcing practices, including compliance with the Conflict Mineral provision of the Dodd-Frank Act.

Planet-Friendly Business

UFP Technologies sources 13% of its energy usage from a grid-tied solar electric system.

In 2023, the company's water use per revenue was 278.6 m³ per $1 million revenue. The company diverts over 500 tons of waste material annually from landfills for recycling. Deckorators composite decking and railing is engineered with up to 95% reclaimed and recycled materials, with 50% of the plastic coming from post-consumer and post-industrial recycled sources. The company constructed a trailhead for the Cooper North Pasture Preserve surrounding its corporate headquarters. In July 2018, UFP Technologies received a violation notice from the Michigan Department of Environmental Quality for failing to maintain records related to hazardous air pollutant emissions. The company aligns its reporting with the Task Force on Climate-related Financial Disclosures (TCFD) but lacks specific data on climate scenario analysis and stranded assets. The use of Pregis PolyPlank Renew™ foam, made from recycled materials in packaging, reduced carbon emissions by 50 metric tons in 2023. The company works with the Hope Network to provide employment for people with disabilities.

Respect for Cultures & Communities

The provided articles do not contain specific, quantitative evidence to assess UFP Technologies, Inc. against any of the KPIs for 'Respect for Cultures & Communities'. There is no data regarding formal partnerships with indigenous or local community groups, percentage of revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training.

Article 0 explicitly notes a "Lack of specific quantitative data on social license to operate, cultural impact assessments, or community engagement metrics."

Safe & Smart Tech

UFP Technologies reported no significant cyber breaches for 2023, 2022, or 2021, incurring $0 net expenses related to information security breach penalties and settlements.

The company holds a SOC 2 certification. All new employees receive training on IT Acceptable Use Policy, GDPR, handling controlled unclassified information, insider threats, and incident reporting, with periodic updates provided to all employees. The company's privacy policy, updated January 1, 2023, outlines user rights to access, update, delete data, and opt-out of communications, aligning with GDPR and CCPA provisions for data protection rights. Multifactor authentication is required for network access. The company conducts penetration testing by third-party providers every 18 months, along with vulnerability testing and mitigation, and annual network assessments. Data retention is based on need and legal obligations, and the company states it aligns its cybersecurity risk management with CIS Critical Security Controls.

Zero Waste & Sustainable Products

UFP Technologies has implemented several waste reduction initiatives, including the redirection of over 500 tons of waste annually for recycling, electronic waste recycling programs, and shred-it paper recycling.

The company aims to eliminate hazardous waste generation. No regulatory actions, violations, or fines related to waste disposal are mentioned in the provided text. The company has comprehensive human rights supplier guidelines, which include responsible sourcing practices, but specific waste reduction or recyclability requirements for suppliers are not detailed.