||Environmental and Social Governance
NVE is committed to ensuring the safety, health, and protection of people
and the environment.
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 vehicles, equipment, and
medical devices, and to make better medical devices. Our research to protect people
includes biosensors to improve food safety and faster, more accurate medical tests.
Finally, our products protect the environment by reducing energy usage, enabling
smart grids to manage energy, and managing energy conversion and storage.
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. military 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.
Compliance Certificate (.pdf)
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
NVE complies with applicable environmental laws and regulations, particularly
with respect to industrial waste and emissions. We recycle byproducts of our manufacturing
processes wherever practical. We also recycle office paper and aluminum cans,
and where possible we use office paper 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 hazardous waste and unneeded personal electronics.
A major expansion in 2012 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 in 2015 through 2017.
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
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.
We do not export to countries designated by the U.S. Department of State as State
Sponsors of Terrorism, or subject to other trade embargoes. Countries currently
designated as State Sponsors of Terrorism are Iran, Sudan, and Syria. Other sanctions
apply to North Korea and Burma.
We have a written Affirmative Action program that complies with Executive Order
11246 concerning government contractors. Under our program, we take affirmative
action to ensure that applicants are employed, and that employees are treated
during employment, without regard to their race, color, religion, sex, or national
origin. We also take Affirmative Action to employ and advance veterans in employment.
Supporting Women and Families
In addition to our Affirmative Action program, we provide employees protections
in accordance with the Minnesota Womens 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 employees
||We provide up to 12 weeks of pregnancy/parental leave.
Supporting Employees Health
We offer employees free annual Health Risk Assessments, wellness programs, and
financial incentives for healthy biometrics.
We provide accommodations for employees who bicycle to work.
Our main coffee service provides sustainably grown coffees with certifications
including Fair Trade, Rain Forest Alliance, and UTZ Kapeh. We also 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 other
proxy materials we mail or provide on request use SFI-certified paper.