Technology
Fabrinet (FN)
Data as of July 16, 2026
Environment story
Fabrinet discloses minimal environmental data in its 10-K filing. No Scope 1, 2, or 3 emissions figures are explicitly stated, and no net-zero target year is disclosed. The company maintains ISO 14001 Environmental Management Systems certification and complies with conflict-minerals disclosure rules under Dodd-Frank. However, the absence of quantified carbon metrics, renewable energy commitments, and decarbonization targets indicates limited environmental transparency and accountability. The company's heavy manufacturing footprint in Thailand (optical, electro-mechanical, and electronic assembly) and planned $132.5 million expansion raise operational carbon concerns that remain unaddressed in public filings. No material environmental controversies, lawsuits, or resource-depletion incidents are disclosed.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
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ISO 14001 Environmental Management Systems CertificationCompany maintains ISO 14001 certification across manufacturing facilities in Thailand, China, UK, and Israel.Establishes baseline environmental management framework but does not quantify emissions reductions or renewable energy transition.
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Conflict Minerals Compliance (Dodd-Frank)Due diligence and disclosure requirements regarding conflict minerals sourced from DRC and adjoining countries in manufactured products.Ensures supply-chain transparency on mineral sourcing but does not directly reduce operational carbon or water footprint.
Social story
Fabrinet's social profile shows moderate transparency and standard manufacturing-sector labor practices. The company discloses bonus structures for executives and non-executives, merit-based compensation, and share-based incentive plans tied to revenue and operating-margin targets. However, CEO-to-median-worker pay ratio is not disclosed, making assessment of executive-compensation equity impossible. Workforce diversity metrics (gender, race/ethnicity) are absent from the 10-K. The company maintains no disclosed union relationships or collective-bargaining agreements; no labor disputes, NLRB complaints, or strikes are mentioned in fiscal years 2023–2025. Manufacturing operations are concentrated in Thailand (primary), China (Fuzhou), and smaller locations in US, UK, and Israel. While the company emphasizes recruitment and retention challenges and wage-increase pressures in Thailand and China, it does not disclose living-wage commitments, formal DEI programs, or supplier-diversity initiatives. No material human-rights controversies or forced-labor allegations are disclosed.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
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Executive and Non-Executive Incentive PlansCompensation committee approves fiscal-year executive incentive plans with quantitative objectives tied to revenue and non-GAAP operating-margin targets. Discretionary merit-based bonuses awarded quarterly to non-executives.Aligns management incentives with financial performance but lacks transparency on pay equity or diversity targets.
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Share-Based Compensation ProgramsRestricted share units and stock options granted to employees; charges in cost of revenues ($10.5M FY2025) and SG&A ($22.5M FY2025).Provides employee wealth-sharing mechanisms but no disclosure of vesting equity or accessibility by non-executive cohorts.
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Workforce Development and RetentionCompany identifies recruitment, training, and retention in business development, finance, HR, operations, and supply-chain roles as strategic priorities. Acknowledges need to attract skilled personnel at competitive compensation levels.Addresses labor-market challenges but does not quantify turnover, retention metrics, or training hours.
Governance story
Fabrinet operates under a Cayman Islands exempted company structure with a classified board of directors and provisions limiting shareholder activism (no shareholder meetings by written consent, limited ability to propose actions, board authorization for preferred and additional shares without shareholder vote). Board independence percentage is not explicitly disclosed in the 10-K. The company maintains robust internal-control frameworks compliant with Sarbanes-Oxley and maintains multiple industry certifications (ISO 9001, ISO 45001, ISO/IEC 27001, IATF 16949, AS 9100, NADCAP, TL 9000, FDA registration). No antitrust proceedings, consumer-safety litigation, financial-fraud SEC consent decrees, or material regulatory fines are disclosed. Lobbying expenditures are not disclosed. The company discloses tax audits ongoing by the IRS (fiscal years 2022–2023, completed FY2025 with $5.9M additional tax liability) and tax returns open to examination in multiple jurisdictions (2018–2024). No shareholder proposals, activist campaigns, or climate-deregulation lobbying activities are mentioned. The Cayman Islands domicile and preference-share authorization present governance opacity risks relative to U.S.-incorporated peers.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
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Internal Control over Financial Reporting (SOX 404)Annual assessment of effectiveness of internal controls; quarterly disclosure controls certification. Asserted effectiveness as of June 27, 2025.Demonstrates compliance with SOX requirements and financial reporting discipline, though no material weaknesses or significant deficiencies disclosed.
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Multi-Jurisdictional Regulatory ComplianceMaintains certifications: ISO 9001 (Quality), ISO 14001 (Environment), ISO 45001 (Occupational Health & Safety), ISO/IEC 27001 (Information Security), TL 9000 (Telecom), IATF 16949 (Automotive), AS 9100 (Aerospace), NADCAP (Aerospace/Defense), FDA registration, ANSI ESD S20.20, TAPA/CTPAT (Logistics), CSR-DIW (Thailand corporate social responsibility).Broad certification portfolio demonstrates quality and compliance infrastructure across markets and jurisdictions.
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Tax Governance and Dispute ResolutionTax returns open to examination in Cayman Islands (tax-exempt until 2039), Thailand (2018–2024), PRC (2018–2024), UK (2018–2024), Israel (2018–2024). Transfer pricing and related-party transaction policies subject to OECD Pillar Two global minimum tax framework (15% rate).Proactive monitoring of transfer pricing and OECD compliance; however, ongoing IRS audit settlements and multi-jurisdictional exposure create financial and reputational risk.
These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Fabrinet. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Fabrinet in the app for interactive charts and portfolio building.
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