Novanta Inc - ESG Rating & Company Profile powered by AI
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Novanta Inc in the Technology Equipment industry gained a UN SDG ESG Transparency Score of 4.1; made up of an environmental score of 3.4, social score of 4.0 and governance score of 4.6.
4.1
Medium ImpactEnvironmental
Social
Governance
Peer Group Comparison
| Rank | Company | SDG Transparency Score ⓘ | Performance |
|---|---|---|---|
| 1 | Cisco Systems Inc | 9.0 | High |
| 1 | Switch Inc | 9.0 | High |
| 651 | AVer Information Inc | 4.2 | High |
| 651 | Casa Systems Inc | 4.2 | High |
| 654 | Novanta Inc | 4.1 | High |
| 654 | Advanced Ceramic X Corp | 4.1 | High |
| 654 | Guangzhou Fangbang Electronics Co Ltd | 4.1 | High |
| ... | ... | ... | |
| 1531 | Zenitron Corp | 0.0 | Low |
| 1531 | uNeedkorea Co Ltd | 0.0 | Low |
| ... | ... | ... |
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Potential Risks for Novanta Inc
These potential risks are based on the size, segment and geographies of the company.
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. In addition, its Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.