Callon Petroleum Company.
CPE.US | Extraction of crude petroleum
Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration, and development of high-quality assets in the Permian Basin. The company's operations are primarily concentrated in the Midland and Delaware Basins, where it utilizes advanced drilling and...Show More
Better Health for All
-10
Callon Petroleum Company is an oil and natural gas producer. Its revenue is derived from crude oil, natural gas, and natural gas liquids, which are products with well-established negative health outcomes when used. This means 100% of its principal goods and revenue cause severe, widespread health damage with no redeeming health benefits, leading to a -100 tier for both health_impact_core and harmful_revenue_share. The company's operations generate significant health-harming externalities from pollution. However, it has undertaken substantial remediation efforts, including a 40% reduction in GHG emissions intensity compared to a 2019 baseline, a 35% reduction in methane emissions intensity in 2022, and a 55% reduction in flare rate since 2019, resulting in a -70 tier for health_externalities.
1
For all other health-related KPIs, the company's business model does not involve health products, services, or initiatives, rendering those KPIs not applicable.
Fair Money & Economic Opportunity
0
Callon Petroleum Company is an independent oil and natural gas company, not a financial institution.
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The 'Fair Money & Economic Opportunity' value assesses activities related to lending, insuring, moving, or storing money, and how financial institutions democratize access to fair financial services. As Callon Petroleum does not offer consumer financial products or services, all KPIs related to financial inclusion, pricing, lending practices, and customer financial outcomes are not applicable to its core business. The company's philanthropic efforts, such as donating over $220,000 to Compudopt for technology education in rural Texas, are not directly related to financial literacy or inclusion initiatives as defined by the rubric.
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Fair Pay & Worker Respect
30
In 2022, the CEO-to-median employee pay ratio was 18:1.
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The President & CEO received a total compensation of $4,196,205, while the median employee pay was $231,984.
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This information was reported in the company's annual proxy statement filed with the SEC.
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Fair Trade & Ethical Sourcing
0
The provided articles, summarizing Callon Petroleum's sustainability efforts, primarily focus on environmental performance and internal diversity metrics
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. However, they do not contain specific, quantifiable data points related to fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend
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. Therefore, no assessment can be made against the Fair Trade & Ethical Sourcing value based on the given evidence.
Honest & Fair Business
0
No evidence available to assess Callon Petroleum Company on Honest & Fair Business.
Kind to Animals
0
Callon Petroleum Company is an oil and natural gas company, meaning most 'Kind to Animals' KPIs related to product certification, animal testing, animal agriculture, or animal-derived inputs are not applicable to its operations. The company states a commitment to minimizing its impact on the environment and wildlife, implementing measures to prevent wildlife from accessing hazardous equipment, and utilizing a biodiversity management process.
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It reduced its spill rate by nearly 73% since 2019
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and invested $20 million in 2022, with an additional $20 million committed in 2023, for emission reduction.
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However, on July 13, 2023,
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the U.S. Environmental Protection Agency (EPA) fined Callon Permian LLC $1.3 million
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for failing to comply with requirements for flares, tanks, and combustors, which led to illegal emissions.
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Corrective actions are estimated to reduce over 1.2 million pounds of volatile organic compounds (VOCs)
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and over 4.6 million pounds of methane emissions.
8
No War, No Weapons
0
The provided articles discuss Callon Petroleum Company's sustainability initiatives related to environmental performance and workforce diversity
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, and general information about the global arms trade and the link between fossil fuels and military spending
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,
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. However, none of the articles contain specific, concrete data or explicit statements regarding Callon Petroleum Company's involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other activities directly related to the 'No War, No Weapons' ethical value. Therefore, no KPIs can be scored based on the evidence provided.
Planet-Friendly Business
-60
Callon Petroleum has not formally aligned with SBTi and has not publicly committed to specific 2030 or 2050 climate goals through major frameworks.
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Consequently, the company has not declared a net-zero target year.
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Its 2022 Sustainability Report is aligned with the Taskforce on Climate-related Financial Disclosures (TCFD), providing voluntary and expanded disclosures on assessing and managing climate risks.
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The company evaluates the resiliency of its business under various assumptions, including future global energy scenarios developed by the International Energy Agency (IEA).
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In 2022, 77% of total freshwater withdrawn and 75% of freshwater consumed were from regions with high or extremely high baseline water stress.
5
The company invested over $10 million in water recycling infrastructure in the Delaware Basin, where more than 98% of water consumed in operations was from recycled or non-freshwater sources.
6
Respect for Cultures & Communities
30
Callon Petroleum Company has no reported cultural appropriation incidents.
1
The company provides formal grievance mechanisms for community concerns, including an emergency hotline (1-800-301-5122) displayed at each well site, facility, and lease entry.
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Additionally, a toll-free ethics hotline and website (1-844-471-7637, callon.ethicspoint.com) are available for anonymous, confidential reporting.
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Safe & Smart Tech
0
No evidence was found in the provided article to assess Callon Petroleum Company against any of the Safe & Smart Tech KPIs. The article focuses on acquisition details and mentions general 'data analysis and proprietary workflows' without specific information relevant to data protection, cybersecurity, or AI ethics. The Hart-Scott-Rodino Antitrust Improvements Act waiting period expired on February 22, 2024
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, and closing is anticipated on or about April 1, 2024, contingent on shareholder approvals
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. Shareholder meetings are scheduled for March 27, 2024
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.
Zero Waste & Sustainable Products
0
The provided articles do not contain specific, concrete data points relevant to the 'Zero Waste & Sustainable Products' ethical value or its associated KPIs. Multiple articles explicitly state that the company's sustainability report and other disclosures focus on environmental performance related to air emissions, flaring, and water usage
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, but not on waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education. Information regarding an EPA fine for excess air emissions is not relevant to the waste management and sustainable product KPIs.