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FARO Technologies (FARO) ESG Score & Sustainability Data

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Key ESG Takeaways for FARO Technologies

The key takeaways are AI-generated and highlight the main contributors behind the net impact scores of FARO Technologies. The insights are based on millions of scientific articles, along with the company-specific product and service portfolio.
  • FARO Technologies seems to create the most significant positive value in categories , , and . The positive contribution in the impact category is driven by its 3d graphics software product.
  • FARO Technologies uses resources or causes negative impacts mostly in categories , , and . The negative contribution in the impact category is driven by its 3D cameras and 3d graphics software products.
  • To improve its net impact, a company can either grow its positive impacts, or reduce its negative impacts. For example, by doubling its 3d graphics software business, FARO Technologies would improve its net impact ratio by 13 percentage points.

FARO Impact Ratio

Net impact ratio represents the net impact of a company. It is defined as the (positive impacts - negative impacts) / positive impacts. The maximum value for net impact ratio is 100%, representing a theoretical company with no negative impacts. The minimum value is -∞. Net scores depend on the value sets that determine the importance of different impact categories.
+15.1%
The default value set, where each category is given the same weight.

Value Sets Value sets can be used to assess how different stakeholder values or emphasis on certain values might affect the net impact ratio.

Millennials
Value set of millennials (b. 1980 - 1999), based on Upright's annual Impact at Work survey.
+30.2%
Most Wanted Workforce
Value set of the most wanted workforce, based on Upright's annual Impact at Work survey.
+5.3%
Society First
Value set that emphasizes society impacts over other impacts.
+3.7%
Knowledge First
Value set that emphasizes knowledge impacts over other impacts.
+55.7%
Health First
Value set that emphasizes health impacts over other impacts.
+32.0%

FARO Technologies ESG Score + Net Impact Profile

ImpactNegativeScorePositive
+0.58
+0.58
+1.39
+1.39
+0.00
+0.00
-0.21
-0.21
+0.00
-0.00
+0.00
+0.00
+0.57
+0.57
+0.03
+0.03
-0.00
+0.00
+0.00
-1.15
-1.15
-0.05
+0.10
+0.15
-0.01
-0.01
+0.00
0.00
+0.00
-0.00
+0.03
+0.03
-0.01
+0.16
+0.16
-0.31
-0.30
+0.02
-0.07
-0.06
+0.01
-0.28
-0.28
+0.00
-0.06
-0.06
+0.00
-0.34
-0.34
+0.00

Upright Model Version 1.1.0
ESG Data Last Updated: June 14, 2023

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About Upright's Net Impact Model

Upright Model

Upright's Net Impact Data quantifies the holistic value creation and impact of companies. It details both the negative and positive impacts a company has on the environment, health of people, society and knowledge, and forms a net sum of these costs and gains based on the economic costs of each impact category. The data is produced by Upright's Net Impact model, which is a mathematical model of the economy that produces continuously updated estimates of the net impact of companies by means of an information integration algorithm. The data is primarily sourced from the CORE open access database, which contains over 200 million scientific papers. Other sources of data include open databases published by the World Bank, IMF, WHO, OECD, IPCC, CDC and USDA.

FARO Technologies ESG Score - Frequently Asked Questions

How is FARO Technologies doing in terms of sustainability?

According to The Upright Project, which measures holistic value creation and impact of companies, FARO Technologies has a net impact ratio of 15.1%, indicating an overall positive sustainability impact. FARO Technologies seems to create the most significant positive value in the categories of Taxes, Jobs, and Knowledge infrastructure. FARO Technologies uses resources or causes negative impacts mostly in the categories of Scarce human capital, Waste, and GHG emissions. Learn more on the sustainability of FARO Technologies.


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This page (NASDAQ:FARO) was last updated on 4/26/2024 by MarketBeat.com Staff

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