Better Health for All

Devon Energy's core products (oil, natural gas, and NGLs) have significant negative health consequences due to environmental pollution, with 100% of its core business contributing to these impacts. The company has a record of significant safety incidents, including an environmental violation in 2021

and an emissions event in August 2023 where 45,082 pounds of volatile organic compounds (VOCs) were released, exposing people or environmental receptors to pollutants. The company also has significant health-harming externalities, evidenced by multiple environmental offenses totaling over $2.5 million since 2000, and acknowledges traffic and noise impacts on neighbors. While these impacts are significant, Devon Energy has made partial remediation efforts, including a 7% reduction in greenhouse gas (GHG) emissions intensity and a 6% reduction in methane emissions intensity in 2023, and a 15% increase in recycled water usage in 2023. In terms of positive contributions, Devon Energy demonstrates industry-leading risk transparency by receiving the “Gold Standard Pathway” for methane emissions reporting. The company provides significant support to the healthcare workforce, donating approximately $242,000 to 60 fire, police, and emergency medical services (EMS) organizations in 2024, and over $1.4 million since 2018, for equipment, training, and supplies. Devon Energy also maintains excellent healthcare data responsibility, operating in accordance with HIPAA, ensuring personal health information is confidential, secure, and managed through private network systems. The company offers exceptional mental health programs for employees and their families, including 10 complimentary sessions per person per year through Lyra Health, onsite and telehealth counseling, and mental health awareness training for 74% of leaders in 2023 or 2024. The company's health benefits for employees, such as 100% coverage for preventive visits and low-cost medications, are not applicable to public price accessibility. Other KPIs are not applicable or lack sufficient quantitative data for scoring.

Fair Money & Economic Opportunity

Devon Energy Corporation is an energy company and does not offer lending, deposit, or other consumer financial services. As such, KPIs related to financial products, pricing, fees, lending compliance, customer data, debt burden, and financial literacy are not applicable. However, the company contributes to economic opportunity through various initiatives. It donated $42,232 to the United Way of Dickinson, supporting programs for seniors, individuals with disabilities, and youth

. The company also awarded $75,000 in grants to 11 nonprofits serving American Indian communities, immigrant populations, and LGBTQ+ advocacy . Additionally, Devon Energy invested in STEM education by opening 161 STEM centers in elementary schools and, with other energy leaders, invested $60 million to attract energy technology startups, aiming to create over 1,700 jobs .

Fair Pay & Worker Respect

Devon Energy reported a Total Recordable Incident Rate (TRIR) for employees and contractors of 0.45 in 2024.

However, the company also reported one fatality in 2022 and another in 2023. For the 2024 fiscal year, the CEO pay ratio was 96:1. The salaries of female and minority employees are, on average, positioned equivalently (+/-2% relative to the applicable pay grade) to those of male and non-minority peers. An April 2024 pulse survey indicated overall employee engagement at 86, which is eleven points higher than a global benchmark. The company's attrition rate was 5% in 2023. Additionally, 71% of employees earned the maximum available participation points to receive contributions to their health savings account.

Fair Trade & Ethical Sourcing

No specific evidence was provided in the article regarding fair-trade certifications, supplier audit frequency, substantiated forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clauses in supplier contracts, or the share of spend on high-risk materials. While the company awarded 28 DEI grants totaling $280,000 to diverse community organizations

, the article does not specify the percentage of the procurement budget directed to diverse suppliers, which is required for the supplier_diversity_spend KPI.

Honest & Fair Business

Devon Energy Corporation agreed to pay $6.15 million in September 2021 to settle allegations of underpaying royalties on natural gas from federal lands, violating the False Claims Act

. The company has implemented comprehensive ethics policies and regular training programs , achieving a 100% rate of code acknowledgment among employees in 2023 for its Code of Business Conduct and Ethics .

Kind to Animals

Devon Energy reclaimed 420 acres at 106 sites by year-end 2024

and purchased a 260-acre property adjacent to the Lake Ilo National Wildlife Refuge. The company conducts annual spring surveys for raptor species in Wyoming, adjusting operations to avoid disrupting nesting sites. Devon works with the Cooks Branch Conservancy in Texas to waive surface rights for oil and gas development, protecting native pine forests and the endangered red-cockaded woodpecker. They funded a graduate study with North Dakota State University on grassland restoration techniques and have sponsored the Wyoming Conservation Corps since 2007. Devon also has a Biodiversity Council that develops and enforces standards to enhance biodiversity on company-owned lands.

No War, No Weapons

Devon Energy Corporation's community safety initiatives, including donations to first responders, are explicitly stated to be "without direct ties to military activities or arms manufacturing."

This indicates the company does not derive revenue from arms or defense contracts, nor does it have exposure to controversial weapons or defense-related assets to divest.

Planet-Friendly Business

Devon Energy has set environmental performance targets, including achieving net-zero greenhouse gas (GHG) emissions for Scope 1 and 2 by 2050, and reducing GHG emissions intensity by 50% and methane emissions intensity by 65% by 2030 from a 2019 baseline

. The company reported a 29% reduction in GHG emissions intensity by 2022 compared to 2019 and a 16% reduction in Scope 1 and 2 GHG emissions by 2023, both compared to 2019 . Methane emissions were reduced by 52% by 2023 . Devon recycled 93% of produced water in 2022 and invested $75 million in renewable energy and carbon offset initiatives in 2023 . The company also invested $35 million in water management technologies and $120 million in environmental mitigation technologies in 2023 . A 2023 Climate Change Assessment Report, including a comprehensive physical risk assessment, was published . However, the provided articles do not contain specific, quantifiable data points that directly align with the quantitative thresholds of the given KPIs, such as total absolute Scope 1, 2, and 3 emissions, percentage of renewable energy consumption, or SBTi-validated targets.

Respect for Cultures & Communities

Devon Energy actively avoids impacts on archaeological sites and traditional cultural properties by integrating tribal representatives into planning processes.

The company employs third-party assessments to prevent impacts on cultural sites and protects Indigenous cultural resources. It has reclaimed 923 acres of well pads and pilots projects to conserve land for every disturbed acre, further aiming to protect Indigenous cultural resources. Devon also leverages Indigenous businesses and invests in cultural protections. In 2017, the company donated $100,000 to The Nature Conservancy for land conservation with the Chickasaw Nation, $40,000 for health screenings for Indigenous women, and $25,000 in scholarships to the American Indian College Fund.

Safe & Smart Tech

Devon Energy has reported no material cybersecurity threats as of its latest report in September 2023.

The company maintains a strong security program, aligning with the NIST Cybersecurity Framework, conducting annual assessments, regular internal testing, third-party reviews, and disaster recovery exercises.

Zero Waste & Sustainable Products

Devon Energy has implemented several waste reduction initiatives, including encouraging employees and contractors to minimize, reuse, and recycle materials, maintaining waste management plans and protocols, reclaiming well sites, and reducing flaring volume intensity.

The company achieved an 83% reduction in flared volumes and an 82% reduction in flaring intensity in 2023 compared to 2019. Devon maintains waste management plans and protocols to ensure compliance with regulations and corporate policies for hazardous waste, conducting periodic compliance history reviews and using only approved waste transporters and disposal facilities. No waste disposal violations were explicitly mentioned in the provided articles, covering recent periods. Devon has set quantitative waste reduction targets, including aiming to reduce flaring intensity to 0.5% or lower by 2025 and eliminate routine flaring by 2030. Furthermore, the company holds contractors responsible for managing the waste they generate and complying with waste regulations.