Velan IncVelan Inc - ESG Rating & Company Profile powered by AI

Industry Group:Industrial Machinery

Scroll down to the bottom of the page for potential risks for Velan Inc based on sector, location and marketcap. The ESG rating for Velan Inc indicates its transparency towards the United Nations Sustainable Development Goals. Alternative corporations in the scoring peer group for Velan Inc are displayedin the table.

Velan Inc in the Industrial Machinery industry gained a UN SDG ESG Transparency Score of 5.4; made up of an environmental score of 5.3, social score of 6.4 and governance score of 4.0.

SDG Transparency Score for Velan Inc 
Low
0 - 3

5.4

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2023-07-01
What drives the score for Velan Inc 
5.3

Environmental

6.4

Social

4.0

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
1GEA Group AG
9.0
High
2Ingersoll Rand Inc
8.9
High
361Picanol NV
5.5
High
361STG Co Ltd
5.5
High
372Velan Inc
5.4
High
372Aimflex Bhd
5.4
High
372EMA India Ltd
5.4
High
.........
1261Zhejiang Sanhua Intelligent Controls Co Ltd
0.0
Low
1261Zhejiang Yuejian Intelligent Equipment Co Ltd
0.0
Low
.........
View the full peer group of 1421 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 Velan Inc have an accelerator or VC vehicle to help deliver innovation?

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Does Velan Inc report the average age of the workforce?

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Does Velan Inc reference operational or capital allocation in relation to climate change?

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Does Velan Inc disclose its ethnicity pay gap?

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Does Velan Inc offer flexible work?

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

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Does Velan Inc disclose the number of employees in R&D functions?

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Does Velan Inc conduct supply chain audits?

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Does Velan 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 Velan Inc disclose the individual responsible for D&I?

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Does Velan 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 Velan Inc disclose current and / or historical scope 2 emissions?

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Does Velan Inc have careers partnerships with academic institutions?

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Did Velan Inc have a product recall in the last two years?

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Does Velan Inc disclose incidents of discrimination?

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Does Velan Inc disclose climate scenario or pathway analysis?

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Does Velan 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 Velan Inc disclose the pay ratio of women to men?

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Does Velan Inc support suppliers with sustainability related research and development?

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

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Does Velan 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 Velan Inc involved in embryonic stem cell research?

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Does Velan Inc disclose GHG and Air Emissions intensity?

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Does Velan Inc disclose its waste policy?

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Does Velan Inc report according to TCFD requirements?

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

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Does Velan Inc disclose energy use targets?

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Does Velan Inc disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Velan Inc have a policy relating to cyber security?

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

Velan Inc. designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, memoryseal ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. The company also provides cast and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. In addition, it offers bimetallic and thermodynamic steam traps. The company serves nuclear power, power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater sectors. It primarily sells its products through independent third-party distributors and sales agents. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montréal, Canada.

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