Fox Factory Holding Corp. (FOXF) — ESG & Values Scores

Environment story

Fox Factory discloses no Scope 1, Scope 2, or Scope 3 emissions data, no renewable energy percentage, and no net-zero target year. The 10-K acknowledges evolving ESG focus and climate regulation risks but provides no quantified decarbonization initiatives or renewable infrastructure investments. Manufacturing facilities in Taiwan (bike suspension), U.S., Europe, and Canada are subject to environmental regulations; compliance status asserted but no third-party verification provided. The company faces material climate risks (Taiwan typhoons affecting supply chain, California wildfire/earthquake exposure). Recent tariff-driven goodwill impairment ($557M) and operational restructuring suggest financial stress unrelated to direct environmental performance. No evidence of greenwashing (carbon offsets), but significant data opacity prevents higher scoring.

Criticisms on file

Climate Risk Exposure: Taiwan Manufacturing Vulnerability to Typhoons
Source: FOXF_10k.txt, Item 1A Risk Factors: 'our bike suspension manufacturing is entirely located in Taiwan, which is prone to typhoons'
Climate Risk Exposure: California Facility Exposure to Earthquakes, Wildfires, Flooding
Source: FOXF_10k.txt, Item 1A Risk Factors: 'a number of our facilities are located in California, a state that frequently experiences earthquakes and has recently experienced increasingly frequent and severe wildfires, flooding, and landslides'
Emission Standards Compliance Complexity
Source: FOXF_10k.txt, Item 1A Risk Factors: 'unpredictability in increasingly stringent emission standards' including EPA, EU, CARB requirements

Disclosed initiatives

ESG Responsibility Commitment

Company acknowledges increasing focus on environmental, social, and governance responsibility; no specific decarbonization roadmap disclosed.
Compliance with Environmental Regulations

Claims material compliance with U.S., European, Canadian, and Taiwan environmental and occupational health & safety laws; no metrics provided.

Social story

Fox Factory employs ~3,700 employees globally with no unionization or documented union-suppression activities. Stated commitment to inclusive workplace culture, diversity, and engagement through Executive Leadership Team-sponsored strategy; however, specific diversity metrics (women, underrepresented groups in leadership/executive roles) are not disclosed in the 10-K. CEO-to-median-worker pay ratio not disclosed. No documented strikes or labor disputes in past 24 months; company asserts 'good' employee relationships. Health and safety prioritized with paid sick leave and workplace safety measures; one voluntary product recall in past three years. No formal supplier code of conduct disclosed; company acknowledges lack of inspection/audit of supplier labor, environmental, or ethical practices. Supply chain ethics risks flagged but not actively mitigated.

Criticisms on file

No Formal Supplier Code of Conduct; Lack of Supply-Chain Audit
Source: FOXF_10k.txt, Item 1A Risk Factors: 'We do not control our suppliers, athletic programs, OEMs, other customers, or partners, or require them to comply with a formal code of conduct, and actions that they might take could harm our reputation and sales. We do not inspect or audit compliance of our suppliers, athletic programs, OEMs, customers, or partners.'
Diversity Metrics Not Disclosed
Source: FOXF_10k.txt; absence of EEO-1 or diversity disclosure in provided excerpts

Disclosed initiatives

Inclusion, Diversity and Engagement Strategy

Executive Leadership Team-sponsored strategy centered on building globally diverse workforce, fostering inclusive culture, and engaging employees in community impact.
Employee Benefits Program

401(k) matching (100% of first 3%, 50% of next 2%), medical/dental/disability insurance, voluntary supplemental coverages, employee discount programs.
Workplace Health and Safety

Committed to safe working environment with paid sick leave, paid time off for illness, adherence to health and safety organization guidance and state/local regulations.

Governance story

Fox Factory maintains a single-class share structure with no disclosed dual-class voting, meeting baseline governance structure standards. Board independence percentage not disclosed; composition not detailed in provided 10-K excerpts. No documented active lobbying targeting environmental deregulation or consumer-protection rollback; company acknowledges exposure to regulatory change but does not disclose PAC contributions or trade association positions. Significant regulatory and legal risks noted: product liability and recall exposure (one voluntary recall in past three years); consumer safety subject to CPSC, NHTSA oversight; no material antitrust or major financial-fraud proceedings disclosed. However, material governance concern: no 'key person' life insurance on CEO (Michael C. Dennison) or senior management, creating succession risk. Company acknowledges reliance on top seven senior managers for strategic execution. Goodwill impairment of $557.3M in FY2025 and $13.5M intangible asset impairment indicate potential past valuation/acquisition governance issues.

Criticisms on file

No Key Person Life Insurance on CEO or Senior Management
Source: FOXF_10k.txt, Item 1A Risk Factors: 'We do not have a "key person" life insurance policy on Mr. Dennison or any other key employees. We believe that the top seven members of our senior management team are crucial to establishing our focus and executing our corporate strategies.'
Material Goodwill and Intangible Asset Impairments
Source: FOXF_10k.txt, MD&A: Recorded $557.3 million goodwill impairment and $13.5 million intangible/long-lived asset impairment in FY2025 due to 'adverse changes in U.S. tariff policies' and 'sustained decline in our stock price.'
Significant Cybersecurity and Data Privacy Risk Exposure
Source: FOXF_10k.txt, Item 1A Risk Factors: Company acknowledges persistent cyber-attack threats, ransomware vulnerability, and evolving GDPR/CCPA compliance obligations without disclosure of prior breach incidents.

Disclosed initiatives

Internal Control Over Financial Reporting

Company maintains framework for internal control over financial reporting per COSO framework; acknowledges risks from ERP implementation and cybersecurity threats.
Cybersecurity and Data Privacy Compliance

Company invests in upgraded cybersecurity programs, advanced features, and controls to mitigate ransomware and data breach risk; subject to GDPR, CCPA, and evolving state privacy laws.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Fox Factory Holding Corp.. 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 Fox Factory Holding Corp. in the app for interactive charts and portfolio building.

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