Novanta, Inc.
Industry Group: Technology Hardware
Country/Region: United States of America
Identifier: NAS:NOVT
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. It generates the majority of its revenue from the Medical Solutions segment that designs, manufactures, and markets a range of medical-grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; and wireless technologies. The firm generates the majority of its revenue from the United States and Europe.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Technology Hardware 13 out of 624
Universe
Global Universe 101 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Novanta, Inc. |
7.7
Negligible
|
13 out of 624 |
Cognex Corp. |
9.9
Negligible
|
44 out of 624 |
MKS Instruments, Inc. |
10.1
Low
|
45 out of 624 |
Badger Meter, Inc. |
10.2
Low
|
48 out of 624 |
Yokogawa Electric Corp. |
10.4
Low
|
50 out of 624 |
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Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals.
Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Novanta, Inc.'s Exposure is Low
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Novanta, Inc.'s Management of ESG Material Risk is Strong