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NVE Environmental, Social, and Governance

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NVE Environmental, Social, and Governance Bootstrap Modal with Dynamic Content × Close Sensors ▾ Sensor Products   Analog Sensors     Angle & Rotation Sensors     Current Sensors     Gear Tooth (GT) Sensors     Linear & Rotation Encoder Sensors     Magnetic Switch Sensors     Medical Sensors     Smart Sensors     Evaluation Kits     PCBs for NVE Sensors    Calculators / WebApps   Magnetic Unit Conversion     Axial Disc Magnet Field     Rectangular Magnet Field     Digital Sensor Distance     Current Sensing     Gear Tooth Sensor Output     On-Axis Angle Sensing     Off-Axis Angle Sensing     Application Notes     Independent Papers     Reference Designs     YouTube Videos     Sensor Downloads     Sensor FAQs     Sensor News     Sensor Catalog     Sensor Sales     Online Store   Isolators ▾ Isolator Products   Selector Guide     IL01x Low-Power     IL400 / IL3000 Transceivers     IL500 Low Cost Isolators     IL600 Passive Input     IL600CMTI (300 kV/µs CMTI)     IL700 / IL200 Digital Input     IL700S Ultra High Speed     IL700T High Temperature     IL800 Top-of-the-Line Isolators   Passive-In Transceivers   V Series Isolators (up to 7 kV isolation)     MSOP Isolators   QSOP Isolators   Narrow-Body Isolators   Wide-Body Isolators   Evaluation Boards   ▾ Application Centers   Isolated PLCs   RS422/RS485/PROFIBUS   Isolated CAN Bus   Other Serial Interfaces   Isolated ADCs/DACs/SPI   High Fidelity Audio   Isolated Power Interfaces   Battery Management   Isolator Downloads   Cross Reference   Reference Designs   Application Notes   Isolator FAQs   Isolator News   Isolator Sales   Online Store Power Power-IC Products Power-IC Downloads Sales ▾ Product Sales   Sensors   Isolators   Online Store About ▾ Company Information Corporate Identity Spintronics Careers At NVE Videos GitHub Downloads Glossary Fun Facts News Press Releases In the News Earnings Reports Product Newsletters Papers & Presentations Awards Independent Papers   Certifications Declarations and Certificates - Quality - ISO 9001:2015 - Environmental - Environmental Compliance Conflict Minerals Report Conflict Minerals RMI CMRT Extended Minerals Reporting Template (EMRT) EU MDR Declaration of Compliance California Proposition 65 Statement - Safety - IEC 62368-1 Certificate of Compliance (audio/video, information, and communication technology equipment) VDE Manufacturing Site Approval VDE 0884-17 Basic Isolation VDE 0884-17 Reinforced Isolation UL1577 Isolation IECEx Certificate of Conformity under IEC Certification System for Explosive Atmospheres ATEX Certificate for Intrinsically Safe Isolators - Other - Anti-Forced Labor and UFLPA Compliance Investors ▾ Investor Relations Fact Sheet Stock Quote Investor Events Earnings Reports Annual Reports Corporate Governance ESG Stock Indices Analysts Rankings Investor FAQs Contact Data Sheets Data Sheets (.pdf) Sensors AA Series AAT001/AAT009 AAT003 AAT006 AAT101 AB Series ABT Series ABL Series ACT001 AD Series ADA Series ADK991 ADL Series ADT001 ADT002 ADT501 ADT9xx ADV Series AET Series AFL Series AHL Series AHK991 AHT Series AKL Series AKT001 ALT Series ALT 521 D Series ASR002 ASR012 ASR022 SM12x Series SM223 SM225 SM228 SM324 Isolators IL01x IL260 IL261 IL262 IL2985 IL3022 IL3085 IL3122 IL3185 IL3222 IL3285 IL3422 IL3485 IL3522 IL3585 IL3685 IL3685P IL41050TT IL41050TA IL41050TFD Series IL422 IL485 IL485W IL4622 / IL4685 / IL4822 IL5xx Series IL6xx Series IL6xxA Series IL6xxCMTI Series IL710 IL711 IL712 IL715 IL716 IL717 IL721 IL76xx / IL78xx Series IL8xxT Series Power ICs ACT001 DB001 DC001 DC002 ILDC1x NVE Home > Investors > ESG Investor Relations Fact Sheet Governance ESG Stock Quote Financial Reports & Filings Ownership Filings All SEC Filings Earnings Reports Annual Reports Investor FAQ Investor Events Investor Information Stock Transfer Agent Request Investor Information Stock Index Memberships Analysts Environmental, Social, and Governance (ESG) NVE is committed to ensuring the safety, health, and protection of people and the environment, and to high standards of ethics and corporate governance.

Products and Research That Enhance the Safety, Health, and Protection of People and the Environment
Our unique products are used to improve the safety of factories, vehicles, equipment, and medical devices, and to make better medical devices. Our products also protect the environment by reducing energy usage, enabling “smart grids” to manage energy, and managing energy conversion and storage. Our research to protect people includes biosensors to improve food safety and faster, more accurate medical tests.
 
   • Environmental
   • Social
   • Governance

Environmental
Reducing Hazardous Substances
The great majority of the components we sell comply with the Restriction of Hazardous Substances (RoHS) Directive; Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) Regulations; and the Waste Electrical and Electronic Equipment (WEEE) Directive. However, we continue to sell non-RoHS parts for U.S. defense and aerospace applications that cannot use RoHS parts. The shipping and packing materials, accessories, and other items delivered with NVE products also conform to the European Union RoHS and China RoHS Directives.
Environmental Compliance Certificate (.pdf)
 
Halogen-Free Products
Halogens can form dioxins when burned, and dioxins are considered to be likely carcinogens. NVE certifies that, to the best of our knowledge, our products comply with the halogen-free requirements adopted by the International Electrotechnical Commission (IEC).

Energy Conservation
Expansions in 2012 and 2025 included more efficient heating, air-conditioning, humidity control, filtration, and pumps. These investments reduced our carbon footprint as well as our operating costs. We also upgraded to more efficient heating, air conditioning, air-handling, and water-heating modules from 2015 through 2018.

Green Electricity
Xcel Energy reported NSP System, which supplies our electricity, was 64% carbon-free in 2023, well above the nationwide average of approximately 40%. Legislation mandates 100% carbon-free electricity in Minnesota by 2040. In February 2025, Xcel announced that it expects to meet Minnesota’s carbon-free standard in 2035 by shutting down coal plants, extending the life of nuclear plants, and building wind, solar, and battery power generation.

Recycling
NVE complies with applicable environmental laws and regulations, particularly for industrial waste and emissions. We recycle byproducts of our manufacturing processes wherever practical. We also recycle shipping materials, office paper, and aluminum cans. We comply with Hennepin County business recycling requirements, including pairing recycling bins with trash bins.

Supporting the Sustainable Forestry Initiative
Where possible we use office paper and packaging materials certified by the Sustainable Forestry Initiative® (“SFI”). The SFI Standard is based on principles and measures that promote sustainable forests and considers all forest values. We recycle unneeded electronics using environmentally sound recycling practices, and periodically offer employees free recycling of their hazardous waste and unneeded personal electronics.

Sustainable Transportation
NVE is accessible by public transportation and bicycling. We provide accommodations for employees who bicycle to work. There are homes, apartments, and restaurants within walking distance.

Sustainable Coffee
Our coffee service provides sustainably-grown coffees with certifications including Fair Trade, Rain Forest Alliance, and UTZ Kapeh. We provide employees and visitors stylish ceramic coffee cups to avoid Styrofoam waste.

Sustainable Shareholder Communications
In 2007, NVE was one of the first publicly-traded companies to adopt Notice and Access (“e-Proxy”) procedures that allow companies to provide proxy materials to shareholders through the Internet. This reduces environmental impact by saving trees and reducing fossil fuel consumption. Annual reports and proxy statements we are required to mail use SFI-certified paper.

Oversight for Climate-related Policies
Our Board oversees our climate-related policies and our management reviews our climate-related policies and our climate risks with the Board at least annually.
Task Force on Climate-Related Financial Disclosures (TCFD) Report

Social
Anti-discrimination Policies
We do not tolerate harassment or discrimination.

Board Diversity
We disclose the gender, race, and ethnicity of our directors.

Two of our five directors are women, and there has been at least one woman on NVE’s Board since 2004. We have a “Gender Balanced” rating by 50/50 Women on Boards.

Employee Demographics
We disclose employee demographics in our Annual Report on Form 10-K. NVE was listed as the Best Technology Company to Work for in Eden Prairie for 2018 by Zippia, based on criteria including employee diversity.

Executive Demographics
We disclose in our Proxy Statement that one of our three Named Executive Officers is ethically and racially diverse.

Accessibility
Although our building predates the Americans With Disabilities Act of 1990, we have upgraded our facility for accessibility and to comply with the ADA. Our restrooms are ADA compliant.

Complying with Policies for Government Contractors
We comply with applicable rules, regulations, and Executive Orders, including Executive Order 14173, applicable to Government contractors.

Supporting Women and Families
In addition to our Antidiscrimination Policies, we provide employees protections in accordance with the Minnesota Women’s Economic Security Act of 2014, including:
           •  We provide reasonable accommodations to employees for health conditions related to pregnancy or childbirth. • We make hiring, promotion, and termination decisions regardless of an employee’s familial status. • We provide up to 12 weeks of pregnancy/parental leave.
Governance
High Marks for Governance
NVE has the highest possible ISS composite Governance Score as of July 11, 2024.

Respecting Rules and Ethics
Our Policy on Ethics and Business Conduct requires adherence to the letter and spirit of all applicable governmental laws, rules, and regulations. We also have an explicit principle that we will not tolerate bribery.

Upholding Human Rights
NVE is dedicated to upholding the fundamental human rights of all individuals within our operations and supply chain. Our Human Rights Policy covers our commitment to human rights, including prohibition of human trafficking and aligning employment practices with human rights standards.

Respecting Embargoes
We do not export to countries designated by the US Department of State as “State Sponsors of Terrorism,” or subject to other trade embargoes. Countries currently designated as State Sponsors of Terrorism as of 2025 are Cuba, Iran, North Korea, and Syria. We also have policies and procedures to respect the Commerce Department Entity List “blacklist.”

Avoiding Conflict Minerals
Our policy is that we will not knowingly purchase raw material supplies that contain conflict minerals that directly or indirectly finance or benefit armed groups in the Democratic Republic of the Congo or an adjoining country. Our policy is to take continuous practical action to seek to ensure that materials from the conflict region do not enter our supply chain or products.
Conflict Minerals Report

Cybersecurity
As disclosed in our Proxy Statement, we operate under written cybersecurity policies and procedures, and we use a risk-based approach to information security and periodically assess our cybersecurity risks. We internally audit to information security standards. We have information security training and compliance programs, develop and implement actions to correct deficiencies and reduce or eliminate vulnerabilities, and have formal cybersecurity contingency plans. New employees are required to complete information security training, and all employees must complete information security training annually. Main Pages Product Sales Sensors Isolators About NVE Our Products Sensor Downloads Isolator Downloads Technical Videos Buy NVE Products Investors Investor Relations Press Releases In the News Earnings Reports Subscribe to Our Newsletter

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