Better Health for All

Workhorse Group's core business of manufacturing electric vehicles has a significant positive health impact by reducing air pollution, as their products have zero direct emissions during operation and aim to reduce CO2 emissions by 3.2 metric tons per vehicle annually.

This aligns with EPA programs for zero-emission fleets, directly contributing to preventative health by mitigating a major source of negative health externalities. The company's entire product portfolio is dedicated to electric vehicles, which inherently provide substantial health benefits through emission reduction. Workhorse has no revenue from products with negative health outcomes. In 2024, the company invested $9.1 million in R&D, which represents over 25% of its $6.6 million sales, and this R&D is directly aimed at improving electric vehicle technology, thereby improving health outcomes through reduced emissions. The company's products are commercial electric vehicles, not health-related products, making price accessibility and preventative health measures (in the context of the rubric's definition) not applicable.

Fair Money & Economic Opportunity

Workhorse Group, Inc. is a technology company that designs, manufactures, and sells battery-electric vehicles and aircraft, and develops telematics systems. Its core business does not involve offering lending, deposit, or other financial services to consumers or businesses. The company secured $200 million in financing for its own operations in October 2020

and received a $1.411 million PPP loan in April 2020. These activities relate to the company's own financing, not to providing financial services to customers. Therefore, all KPIs related to fair money and economic opportunity are not applicable to Workhorse Group, Inc.'s business model.

Fair Pay & Worker Respect

For the 2023 fiscal year, the CEO's total compensation was $3,388,174, resulting in a CEO to median employee pay ratio of 46:1, based on a median employee compensation of $72,897.

As of December 31, 2024, none of the company's U.S. employees were represented by a labor organization or collective bargaining agreement. Employee reviews on Indeed.com, some as recent as October 2023, explicitly state an extremely high voluntary turnover rate, with claims of around 200% turnover. For 2024, the CEO's 'All Other Compensation' included $11,397 for employer-paid health premiums, the CFO's included $16,026, and the General Counsel's included $17,606. The company states it offers 'meaningful retirement and health benefits' and supports employee well-being, but no specific percentage of the general workforce covered by employer-funded health insurance is provided.

Fair Trade & Ethical Sourcing

The provided articles, including financial reports, policy documents, and conflict minerals reports, do not contain specific quantitative data for any of the Fair Trade & Ethical Sourcing KPIs. While Workhorse has policies such as a Child and Forced Labor Policy, a Conflict Minerals Policy, and a Supplier Code of Conduct,

and states it works with suppliers adhering to ethical practices, there is no evidence of fair-trade certification share, supplier audit frequency, number of forced or child labor incidents, percentage of traceable suppliers, remediation speed, ethical clause coverage in contracts, or supplier diversity spend. The conflict minerals reports mention the number of suppliers in scope and those with unknown mineral sources, but this does not translate into a quantifiable percentage for the 'materials_risk_index' or 'traceability_coverage' KPIs as defined by the rubric's thresholds.

Honest & Fair Business

Workhorse Group has a whistleblower policy that includes a 24/7 hotline and an online reporting system, managed by an independent third-party provider.

The company's anti-corruption policy explicitly addresses the US Foreign Corrupt Practices Act (FCPA), prohibits bribery, and requires General Counsel approval for gifts exceeding $100 and certain permitted payments. However, the policy's training frequency and effectiveness metrics are not detailed. Corporate governance guidelines, updated February 20, 2024, mandate that at least 75% of board members must meet Nasdaq and SEC independence standards. The company is subject to an active and ongoing SEC investigation. Allegations include a significant portion of orders being fictitious, potential revenue recognition fraud, and major customers abandoning Workhorse due to vehicle reliability issues and numerous breakdowns.

No War, No Weapons

Workhorse Group Inc.'s core business is in commercial vehicles and drones, with no mention of arms or defense-related activities in its annual reports or press releases.

For conflict minerals, the company filed a Conflict Minerals Report for the year ended December 31, 2023. It requested sourcing policies and Conflict Minerals Reporting Templates from 100% of its 105 direct suppliers. Of the 57 responses analyzed, 33 suppliers do not obtain Conflict Minerals, 2 obtain them from certified conflict-free smelters/refiners within Covered Countries, 7 obtain them from outside Covered Countries, and 15 have unknown sources. The company stated it does not have sufficient information to reliably determine the countries of origin for all Conflict Minerals in its products.

Respect for Cultures & Communities

No quantitative data or specific information related to WKHS.US's respect for cultures and communities is provided in the available article content.

Therefore, no KPIs can be scored based on the provided evidence.

Zero Waste & Sustainable Products

No specific, quantitative data related to waste management, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education was found in the provided articles.

Several articles explicitly state the absence of such sustainability metrics.