Garmin LtdGarmin Ltd - ESG Rating & Company Profile powered by AI

Industry Group:Household Durables

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Garmin Ltd in the Household Durables industry gained a UN SDG ESG Transparency Score of 7.6; made up of an environmental score of 6.9, social score of 8.0 and governance score of 8.0.

SDG Transparency Score for Garmin Ltd 
Low
0 - 3
Medium
4 - 6

7.6

High Impact
7 - 10
Last Score Update: 2023-07-01
What drives the score for Garmin Ltd 
6.9

Environmental

8.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Sony Group Corp
9.1
High
2Countryside Properties PLC
8.6
High
50Redrow PLC
7.7
High
50Rinnai Corp
7.7
High
61Garmin Ltd
7.6
High
61China Automobile New Retail (Holdings) Ltd
7.6
High
61Elica SpA
7.6
High
.........
653Wuxi Little Swan Co Ltd
0.0
Low
653Yangzhou Seashine New Materials Co Ltd
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Garmin Ltd have an accelerator or VC vehicle to help deliver innovation?

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Does Garmin Ltd disclose current and historical energy intensity?

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Does Garmin Ltd report the average age of the workforce?

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Does Garmin Ltd reference operational or capital allocation in relation to climate change?

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Does Garmin Ltd disclose its ethnicity pay gap?

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Does Garmin Ltd disclose cybersecurity risks?

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Does Garmin Ltd have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Garmin Ltd conduct supply chain audits?

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Does Garmin Ltd disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Garmin Ltd disclose the individual responsible for D&I?

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Does Garmin Ltd disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Garmin Ltd disclose current and / or historical scope 2 emissions?

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Does Garmin Ltd disclose water use targets?

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Does Garmin Ltd have careers partnerships with academic institutions?

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Did Garmin Ltd have a product recall in the last two years?

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Does Garmin Ltd disclose climate scenario or pathway analysis?

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Does Garmin Ltd disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Garmin Ltd disclose the pay ratio of women to men?

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Does Garmin Ltd support suppliers with sustainability related research and development?

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Does Garmin Ltd disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Garmin Ltd reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Garmin Ltd involved in embryonic stem cell research?

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Does Garmin Ltd disclose GHG and Air Emissions intensity?

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Does Garmin Ltd disclose its waste policy?

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Does Garmin Ltd report according to TCFD requirements?

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Does Garmin Ltd disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Garmin Ltd disclose energy use targets?

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Does Garmin Ltd disclose its Renewable Energy targets?

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Potential Risks for Garmin Ltd
These potential risks are based on the size, segment and geographies of the company.

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

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