Ocean Power Technologies IncOcean Power Technologies Inc - ESG Rating & Company Profile powered by AI

Industry Group:Heavy Electrical Equipment

The Sustainability rating for Ocean Power Technologies Inc indicates its reporting of the United Nations SDGs. Scroll down to the end of this webpage for potential risks for Ocean Power Technologies Inc based on sector, location and size. The Disclosure rating covers seventeen United Nations SDGs including: 'Gender Equality', 'Reduced Inequalities' and 'Life below Water'.

Ocean Power Technologies Inc in the Heavy Electrical Equipment industry gained a UN SDG ESG Transparency Score of 5.8; made up of an environmental score of 5.7, social score of 2.7 and governance score of 8.0.

SDG Transparency Score for Ocean Power Technologies Inc 
Low
0 - 3

5.8

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2023-07-01
What drives the score for Ocean Power Technologies Inc 
5.7

Environmental

2.7

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
1Ge T&D India Ltd
8.5
High
2Alstom SA
8.4
High
60Melrose Holdings Ltd
5.9
High
60Rts Power Corporation Ltd
5.9
High
62Ocean Power Technologies Inc
5.8
High
62Seiko Electric Co Ltd
5.8
High
62Power Solutions International Inc
5.8
High
.........
223Vladimirskiy elektromotornyi zavod OAO
0.0
Low
223Zaporizhtransformator PAT
0.0
Low
.........
View the full peer group of 285 companies on the SEVVA platformSign up for free
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 Ocean Power Technologies Inc have an accelerator or VC vehicle to help deliver innovation?

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Does Ocean Power Technologies Inc disclose current and historical energy intensity?

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Does Ocean Power Technologies Inc report the average age of the workforce?

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Does Ocean Power Technologies Inc reference operational or capital allocation in relation to climate change?

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Does Ocean Power Technologies Inc disclose its ethnicity pay gap?

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Does Ocean Power Technologies Inc disclose cybersecurity risks?

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Does Ocean Power Technologies Inc offer flexible work?

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Does Ocean Power Technologies Inc have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Ocean Power Technologies Inc disclose the number of employees in R&D functions?

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Does Ocean Power Technologies Inc conduct supply chain audits?

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Does Ocean Power Technologies Inc 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 Ocean Power Technologies Inc conduct 360 degree staff reviews?

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Does Ocean Power Technologies Inc disclose the individual responsible for D&I?

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Does Ocean Power Technologies Inc 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 Ocean Power Technologies Inc disclose current and / or historical scope 2 emissions?

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Does Ocean Power Technologies Inc disclose water use targets?

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Does Ocean Power Technologies Inc have careers partnerships with academic institutions?

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Did Ocean Power Technologies Inc have a product recall in the last two years?

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Does Ocean Power Technologies Inc disclose incidents of discrimination?

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Does Ocean Power Technologies Inc allow for Work Councils/Collective Agreements to be formed?

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Has Ocean Power Technologies Inc issued a profit warning in the past 24 months?

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Does Ocean Power Technologies Inc disclose parental leave metrics?

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Does Ocean Power Technologies Inc disclose climate scenario or pathway analysis?

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Does Ocean Power Technologies Inc disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Ocean Power Technologies Inc disclose the pay ratio of women to men?

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Does Ocean Power Technologies Inc support suppliers with sustainability related research and development?

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Does Ocean Power Technologies Inc disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Ocean Power Technologies Inc 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 Ocean Power Technologies Inc involved in embryonic stem cell research?

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Does Ocean Power Technologies Inc disclose GHG and Air Emissions intensity?

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Does Ocean Power Technologies Inc disclose its waste policy?

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Does Ocean Power Technologies Inc report according to TCFD requirements?

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Does Ocean Power Technologies Inc disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Ocean Power Technologies Inc disclose energy use targets?

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Does Ocean Power Technologies Inc disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Ocean Power Technologies Inc have a policy relating to cyber security?

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Potential Risks for Ocean Power Technologies Inc
These potential risks are based on the size, segment and geographies of the company.

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

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