Shenzhen Inovance Technology Co., Ltd.
Industry Group: Electrical Equipment
Country/Region: China
Identifier: SHE:300124
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives—also known as inverters—servo systems, sensors, interfaces and motor controllers. Inovance employs about 24,000 staff, including over 5,800 research and development engineers. Almost 95% of Inovance’s sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou; these major offices are supported by over 10 branches across China.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Electrical Equipment 92 out of 301
Universe
Global Universe 6325 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Prysmian SpA |
16.1
Low
|
19 out of 301 |
Hubbell, Inc. |
17.9
Low
|
29 out of 301 |
NIDEC Corp. |
22.8
Medium
|
80 out of 301 |
Shenzhen Inovance Technology Co., Ltd. |
23.3
Medium
|
92 out of 301 |
Sungrow Power Supply Co., Ltd. |
24.1
Medium
|
106 out of 301 |
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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.
Shenzhen Inovance Technology Co., Ltd.'s Exposure is Medium
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.
Shenzhen Inovance Technology Co., Ltd.'s Management of ESG Material Risk is Average
How do the ESG Risk Ratings work?
Top Material ESG Issues for Shenzhen Inovance Technology Co., Ltd.
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Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Shenzhen Inovance Technology Co., Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level