Overall impact
C (53)

Commentary

Garmin is an average overall performer. With a 'C' rating of 53.4 for overall impact (48th percentile compared to all companies), Garmin ranks 15th out of 34 industry peers, behind Koss, Boxlight, Vitec and 11 others, and ahead of Xiaomi, Sharp, Xiamen Intretech and 16 others. On top material causes for Garmin's industry (Consumer Discretionary Products), Garmin performs well in Zero Hunger (85.2 score), Quality Primary Education (82.0), Decent, Safe Work Opportunities (95.5) and 1 other cause where it received an 'A' score and performs poorly in Racial Justice and Civil Rights (0.0 score), Sustainable Use of Water (10.6), Disaster Readiness and Effective Aid (36.9) and 5 other causes where it received a 'D' or 'F' score.
Impact
Cause GRMN
Peer rank
Overall impact

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Impact trend

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Company
Founded
1959
Employees
21,800
Sector
Consumer Discretionary
Industry
Household Durables
Sub-industry
Consumer Electronics
SASB industry
Hardware
Headquarters
Switzerland
Share classes
GRMN
Mission
To be an enduring company by creating superior products for automotive, aviation, marine, outdoor, and sports that are an essential part of our customers' lives
Description
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. The company offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Garmin response communication devices; and dive devices. In addition, the company designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products, digital switching products, trolling motors, and lighting products; and domain controllers and infotainment units, as well as software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Material causes
Ethos considers the following causes material for Garmin, based on its industry sub-industry Consumer Electronics. Learn more about material causes in our methodology overview.

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