Varex Imaging Corporation.
VREX.US | Manufacture of irradiation, electromedical and electrotherapeutic equipment
Varex Imaging Corporation is a leading innovator, designer, and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors, and image processing software. These components are integral to medical imaging systems, as well as security and industrial inspection applications....Show More
Better Health for All
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No evidence available to assess Varex Imaging Corporation on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Varex Imaging Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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For fiscal year 2023, the CEO-to-median employee pay ratio was 79 times.
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The overall employee rating from Glassdoor reviews is 3.1 out of 5 stars.
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Fair Trade & Ethical Sourcing
-30
Varex Imaging reports no evidence of child labor, conflict minerals, or other human rights concerns in its value chain.
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The company restarted its supplier auditing program in 2021 and updated vendor audit questionnaires to cover more ESG-related topics, including forced labor.
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Varex maintains a Conflict Minerals Policy and collects data from suppliers using the Conflict Minerals Reporting Template (CMRT).
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Honest & Fair Business
-50
Varex Imaging has a formal whistleblower protection policy and an ethical hotline in place.
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The company's global anti-corruption policy is available in multiple languages, including English, Portuguese, Simplified Chinese, French, German, Italian, and Japanese.
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This policy and associated procedures have been communicated to approximately 99% of all board members and employees, with all new employees receiving training on the Code of Conduct.
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Distributors and contract representatives are also required to comply, and no confirmed incidents of corruption were reported.
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The company is subject to the U.S. Foreign Corrupt Practices Act and similar foreign laws.
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However, sales in China were negatively impacted by government anti-corruption investigations in the healthcare industry.
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For third-party verification, various manufacturing facilities hold ISO 9001 and ISO 13485 certifications.
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External assurance for sustainability reporting is planned, but specific details on its scope and standards are not provided.
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Kind to Animals
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Varex Imaging Corporation manufactures X-ray imaging components for medical, industrial, and security applications.
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The provided articles, including the company's 2021 ESG report, do not contain any specific data points related to animal welfare, cruelty-free certifications, animal testing, animal-derived ingredients, humane certifications for animal operations, wildlife conservation impact, or ethical sourcing of animal products.
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The reports explicitly state a lack of data on these topics.
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Therefore, there is no evidence to score any of the 'Kind to Animals' KPIs.
No War, No Weapons
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No specific, quantifiable evidence was found in the provided articles to assess Varex Imaging Corporation against any of the 'No War, No Weapons' KPIs. While some articles from the company's website state that Varex Imaging provides solutions for military and defense applications, and other articles mention general ESG efforts like supply chain due diligence and a Code of Conduct, none offer concrete data points such as the percentage of revenue from arms contracts, the scope of R&D investment in dual-use technologies, sales to embargoed regimes, or investments in peacebuilding initiatives.
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Therefore, all KPIs are omitted due to lack of explicit, measurable evidence against the rubric's quantitative thresholds.
Planet-Friendly Business
-20
Varex Imaging's total Scope 1 and 2 greenhouse gas emissions for 2023 were approximately 16,581 tCO₂e (0.016581 M tCO₂e).
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This represents an increase from 15,722 tCO₂e in 2022.
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Scope 3 emissions data is not available.
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The company reported a 59% waste diversion rate from landfill in 2023, a decrease from 63% in 2019.
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In 2021, the waste diversion rate was 72%.
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No regulatory actions, violations, or fines are mentioned in the provided articles. Varex Imaging has a TCFD Index available for 2022 and 2023, indicating that TCFD alignment is planned or partial.
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Respect for Cultures & Communities
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No evidence available to assess Varex Imaging Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
-10
Varex Imaging Corporation has reported no material cybersecurity incidents in the last three fiscal years.
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The company holds ISO 27001 certifications for three of its facilities (Las Vegas, Franklin Park, Houston).
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Data encryption in transit uses TLS 1.2, ECDHE_ECDSA with X25519 encryption.
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The company requires periodic training on cybersecurity and data privacy for employees and conducts phishing simulations.
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Vulnerability management processes are in place, including third-party penetration testing.
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The company states compliance with GDPR and the Philippine Data Privacy Act, and implements appropriate measures like Standard Contractual Clauses for international data transfers.
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However, the company collects Internet activity information through cookies and trackers, including IP addresses, and uses Google Analytics to create usage profiles with permanent cookies.
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Its cookie policy indicates several persistent cookies with lifespans up to two years.
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The privacy policy states data is retained as long as necessary for the original purpose, with data no longer required being deleted, but does not specify typical retention periods.
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Zero Waste & Sustainable Products
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In 2023, Varex diverted 59% of its waste from landfills.
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The company eliminated an entire hazardous waste stream in 2023.
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Varex has company-wide waste reduction targets, aiming for zero manufacturing waste and carbon neutrality by 2030.
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The company has waste reduction and recyclability requirements for all tier-1 suppliers.
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Varex is transitioning toward a closed-loop manufacturing process, focusing on reuse and recycling, and designs products for reparability and recyclability.
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