Company Directory - Virgin Galactic Holdings, Inc.
Company Details - Virgin Galactic Holdings, Inc.
Virgin Galactic Holdings, Inc.
WebsiteVirgin Galactic is a British-American spaceflight company within the Virgin Group that aims to provide suborbital spaceflights to space tourists. The company focuses on developing commercial spacecraft for human space travel.
CCI Score
CCI Score: Virgin Galactic Holdings, Inc.
41.45
-0.02%
Latest Event
Virgin Modern Slavery Statement 2023
Virgin has published its Modern Slavery Statement 2023, outlining comprehensive measures to eliminate modern slavery and human trafficking from its operations and supply chains. The document details robust supplier due diligence, ongoing training programs, and a clear commitment to upholding workers' rights and human dignity.
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DISSENTER
Virgin Galactic Holdings, Inc. is currently rated as a Dissenter.
Latest Events
- JUN192024
Virgin has published its Modern Slavery Statement 2023, outlining comprehensive measures to eliminate modern slavery and human trafficking from its operations and supply chains. The document details robust supplier due diligence, ongoing training programs, and a clear commitment to upholding workers' rights and human dignity.
- MAR012024
Virgin Galactic's recently released Human Rights Policy underscores its commitment to ethical business practices, emphasizing fair labor standards, non-discrimination, and rigorous supply chain due diligence.
+80
Business Practices and Ethical Responsibility
March 18
Virgin Galactic's Human Rights Policy outlines comprehensive measures to protect labor rights and ensure ethical supply chain practices. By mandating non-discrimination, equitable hiring processes, and strict supplier codes of conduct, the company demonstrates a strong commitment to upholding human rights and opposing practices that can facilitate authoritarian control. This proactive stance in the realm of Business Practices and Ethical Responsibility merits a positive score.
- NOV082023
Virgin Galactic has laid off 185 employees, approximately 18% of its workforce, raising severe concerns about the company’s labor relations and commitment to fair treatment of workers.
-60
Labor Relations and Human Rights Practices
March 18
The mass layoffs, constituting nearly 18% of Virgin Galactic's workforce, indicate a significant disregard for the well-being and rights of workers. From an anti-fascist perspective that champions fairer labor practices and protection for workers, this move is highly concerning. Despite the company providing severance and benefits, the abrupt reduction in employment raises questions about its ethical responsibilities and long-term commitment to its workforce.
- JUN262023
Virgin Galactic's modern slavery statement for 2022 details robust corporate policies to prevent labor abuse and modern slavery in its supply chains. The statement outlines comprehensive supplier due diligence, mandatory training, and strict codes of conduct to uphold human rights.
+85
Labor Relations and Human Rights Practices
March 18
Virgin Galactic, as part of its broader Virgin Group, demonstrates strong commitment to labor rights and human rights through its Modern Slavery Statement. The company outlines thorough training for employees, proactive due diligence, and strict internal policies to combat forced labor and human trafficking. This robust approach to managing labor relations secures a positive score.
+80
Supply Chain Ethics
March 18
The Modern Slavery Statement emphasizes proactive supply chain ethics by enforcing a strict Supplier Code of Conduct and implementing rigorous due diligence processes. Virgin’s approach to screening suppliers and its commitment to ethical sourcing and remediation of supply chain risks underpin this positive evaluation.
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Industries
- 336411
- Aircraft Manufacturing
- 481219
- Other Nonscheduled Air Transportation
- 541715
- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)