Vuzix Corporation.
VUZI.US | Manufacture of optical instruments and photographic equipment
Vuzix Corporation is a technology company specializing in the design, manufacture, marketing, and sale of wearable display technology and augmented reality (AR) solutions. Their primary products include smart glasses and related accessories, which are used in a variety of applications across enterpr...Show More
Better Health for All
20
Vuzix's core products, smart glasses and AR solutions, are consistently described as delivering exceptional health benefits. These include improving surgical precision and efficiency, enabling remote patient care and consultations, and expanding access to clinical training for healthcare students.
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There is no evidence of the company's products having negative health outcomes. The company's smart glasses are HIPAA-compliant and IEC60601-1-2:2014 certified, indicating strong data protection measures.
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Vuzix directly supports healthcare workforce development by addressing the global shortfall of 10 million healthcare workers through remote training and improving working conditions with hands-free technology.
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The company also contributes to healthcare education by facilitating remote viewing and participation in patient treatment sessions.
4
Fair Money & Economic Opportunity
0
Vuzix Corporation is a technology company specializing in wearable display technology and augmented reality solutions. The provided articles, including SEC filings and supplier requirements, do not indicate that the company offers any lending, deposit, or other financial services to consumers or businesses.
1
Therefore, all KPIs related to fair money and economic opportunity, which are designed for financial institutions, are not applicable to Vuzix's core business model.
Fair Pay & Worker Respect
10
Vuzix Corporation reported a CEO to median employee pay ratio of 9:1 for the 2024 fiscal year, with the CEO's total compensation at $1,036,428 and median employee pay at $121,289.
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For 2023, the ratio was 6.3:1.
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None of the company's employees are covered by a collective bargaining agreement.
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In 2021, Vuzix was ranked on Newsweek's Top 100 Most Loved Workplaces, based on a survey of over 800,000 employees.
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A small percentage of Vuzix's 76 global employees (as of December 31, 2024) are full-time or part-time contractors in the U.S. and non-U.S. locations.
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The company implemented a voluntary company-wide payroll reduction program for all employees, independent board members, and contractors from May 1, 2024, to April 30, 2025, with optional reductions of 10% to 50%.
6
Fair Trade & Ethical Sourcing
0
The provided articles, including Vuzix's 2022 and 2024 Form 10-K filings and its Supplier Requirements document, consistently state a lack of specific quantitative data regarding fair trade and ethical sourcing practices.
1
There is no information on the percentage of spend covered by fair-trade certifications, the frequency of supplier audits, the number of forced or child labor incidents, the traceability coverage of the supply chain, the remediation speed for violations, the coverage of ethical sourcing clauses in contracts, the share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers.
2
The documents primarily focus on financial performance and general compliance requirements without providing specific metrics for ethical sourcing.
Honest & Fair Business
-10
Vuzix has a formal whistleblower protection policy with a hotline, and third-party testing
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. The company's code of ethics and business conduct outlines policies against bribery, kickbacks, and conflicts of interest, including guidance on the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act
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. The audit committee charter outlines procedures for handling complaints regarding accounting, internal controls, or auditing matters, including confidential and anonymous submissions
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. However, there is no available data on regulatory fines, transparency index, audit coverage, ESG controversy index, complaint resolution time, board conflict-free percentage, or third-party verification of ethical claims
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. The code of ethics is from 2019, which is somewhat dated
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. **Assessment Limitations**: The absence of quantitative data and recent updates limits a more positive assessment. Score reflects policy existence but lacks performance metrics.
Kind to Animals
0
No evidence was found in the provided articles to assess Vuzix Corporation against any of the 'Kind to Animals' KPIs. The articles primarily discuss financial reports, product specifications, and the application of Vuzix's smart glasses in various industries, including mentions of their use with 'animal defense assets'
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and in the 'Australian meat industry'
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and 'livestock farming'.
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However, these mentions describe the application of Vuzix's products by third parties, not Vuzix's own animal welfare policies, testing practices, sourcing, or conservation efforts. Therefore, no specific data points related to animal testing policies, volumes, humane certifications, ethical sourcing, or conservation initiatives by Vuzix itself could be extracted.
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No War, No Weapons
-50
Vuzix has a policy that suppliers should not deliver products or services from entities or persons subject to UN, EU, US, or other applicable sanctions laws and regulations.
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However, the company acknowledges the risk that its products could be provided to sanctioned targets despite precautions.
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Vuzix requires suppliers of tin, tantalum, tungsten, or gold to ensure responsible sourcing and report using the most recent RMI Conflict Minerals Reporting Template, but does not provide a percentage of its supply chain certified conflict-free.
3
The company references alignment with internationally recognized Human Rights standards, legislation, and conventions, but does not provide evidence of full implementation or external verification.
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The Board of Directors has primary oversight responsibility for enterprise cybersecurity risks, and the Audit Committee considers these risks, with the Chief Financial Officer reporting regularly to the Board on the cybersecurity program.
5
Planet-Friendly Business
-30
Vuzix reported total Scope 1 and 2 greenhouse gas emissions of 1,850 metric tons CO2e in 2023.
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The company sourced 18.6% of its operational energy consumption from renewables in 2023.
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Its waste diversion rate for electronic waste was 25% in 2023.
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The company used 28% recycled material in 2023.
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No environmental compliance violations were reported as material in the fiscal year ended December 31, 2024.
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Respect for Cultures & Communities
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No evidence available to assess Vuzix Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
-30
Vuzix states compliance with GDPR, CCPA/CPRA, and the SHIELD Act.
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The company's privacy policy allows users to opt-out of marketing communications via an email address.
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However, this represents basic data control with significant limitations, as no further details on comprehensive privacy settings or data deletion options are provided.
Zero Waste & Sustainable Products
0
No evidence available to assess Vuzix Corporation on Zero Waste & Sustainable Products.