Vaalco Energy Inc..
EGY.US | Extraction of crude petroleum
Vaalco Energy Inc. is an independent energy company primarily focused on the acquisition, exploration, development, and production of crude oil and natural gas. The company's primary operations are concentrated offshore Gabon, West Africa. Vaalco engages in drilling, completion, and workover activit...Show More
Better Health for All
0
Vaalco Energy Inc. operates in the oil and gas sector, and its core business activities do not directly involve health-related products, services, or research. Therefore, several KPIs such as price accessibility, healthcare data responsibility, pharmaceutical patent flexibility, nutrition and food safety, addiction mitigation, and clinical trial ethics are not applicable to its operations. While the company supports projects to improve healthcare access
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and provides vocational training for 200 women in Egypt,
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the provided articles lack specific quantitative data, such as percentages of vulnerable populations reached or financial investment as a percentage of revenue, to score other health-related KPIs against the rubric's thresholds.
Fair Money & Economic Opportunity
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Vaalco Energy Inc. is an independent energy company, not a financial institution. As such, it does not offer lending, deposit, or other financial services to consumers. Therefore, all KPIs related to financial products, services, and customer financial data are not applicable to the company's core business model. While the company supports community initiatives such as upgrading school facilities
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, improving healthcare access
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, establishing a recycling center for vocational training of 200 women in entrepreneurship
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, and providing accommodation and employment opportunities for Bedouin communities
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, these are not classified as 'community finance' or 'profit-sharing with underserved communities' as defined by the rubric's specific financial criteria.
Fair Pay & Worker Respect
20
Vaalco Energy Inc. reported a CEO-to-median employee pay ratio of 24:1 for 2024.
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This ratio is based on the CEO's total compensation of $3,030,249
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and a median employee pay of $125,920.
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Fair Trade & Ethical Sourcing
0
No specific, quantitative data points related to fair trade or ethical sourcing practices were found in the provided articles for Vaalco Energy Inc. The articles describe general contractor and supplier selection processes
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and sustainability efforts,
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but do not include metrics on certifications, audit frequencies, incidents, traceability, remediation, contractual clauses, risk materials, or supplier diversity spend.
Honest & Fair Business
-30
Vaalco Energy Inc. has a formal whistleblower protection policy that includes multiple reporting channels, such as direct supervisor, General Counsel, and an anonymous Ethics Point hotline/website
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. The policy explicitly prohibits retaliation
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. However, the available evidence does not detail the independence of whistleblower investigation processes, training frequency, or uptake rates. The company also maintains a robust anti-bribery and anti-tax avoidance policy, which explicitly prohibits facilitation payments and provides detailed guidance on corporate hospitality (up to $100 USD per person per day) and nominal gifts ($25 USD)
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. This policy covers major international laws including the FCPA, UK Bribery Act, and UK Criminal Finances Act, and mandates third-party due diligence
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. However, the evidence does not explicitly detail the implementation of risk-based training or monitoring beyond the mandated due diligence.
Kind to Animals
0
The provided articles do not contain any specific, concrete data points or measurable outcomes related to Vaalco Energy Inc.'s performance on animal welfare, cruelty-free certifications, animal testing, ethical sourcing, or wildlife conservation impact. Both articles explicitly state that no data relevant to 'Kind to Animals' or animal welfare practices is presented.
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,
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No War, No Weapons
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The provided articles describe Vaalco Energy Inc. as an independent energy company focused on oil and gas operations.
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The summaries explicitly state that they do not contain data relevant to 'No War, No Weapons' initiatives or any quantitative metrics related to arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investments, or any other defense or conflict-related activities.
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Therefore, no assessment can be made against the specified KPIs.
Planet-Friendly Business
-60
Vaalco Energy reported Scope 1 emissions of 310,806 tCO2e and Scope 2 emissions of 3,325 tCO2e for 2022, totaling 314,131 tCO2e.
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However, Scope 3 emissions are not reported, and no annual decline rate is provided, preventing a score for total emissions. The company has a stated Net Zero target year of 2050, with no mention of interim milestones.
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Vaalco Energy has committed to TCFD recommendations and details climate-related risks and opportunities, but the disclosures appear partial and lack specific mention of climate scenario analysis.
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The company also funds infrastructure improvements in local communities, including solar street lights and water access.
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Other KPIs lack specific, quantitative, and company-wide data.
Respect for Cultures & Communities
30
Vaalco Energy Inc. recruits a high proportion of its workforce from local communities, with 94% of its overall workforce being local.
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Additionally, 90% of its supply chain team is hired from the local communities where they operate.
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The company has no reported cultural appropriation incidents.
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Vaalco has invested in community development projects, including the Daira Recycling Center in Ras Gharib City, Egypt, which provides vocational training for 200 women in traditional handcrafts, cloth and oil recycling, entrepreneurship, and the green economy.
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In Gabon, a dedicated CSR Fund committed $29,330 in 2024, with an additional $8.2 million in funding through Production Sharing Contract requirements for community initiatives.
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Safe & Smart Tech
0
Vaalco Energy Inc. is not aware of any material cybersecurity incidents, and no recent security news or data breaches have been reported.
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The company has implemented multiple layers of cybersecurity protection, including threat monitoring, risk assessments, incident response, vulnerability management, disaster recovery, encryption of data, network security controls, access controls, physical security, asset management, systems monitoring, vendor risk management, and penetration testing.
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Employee training programs are periodically employed to promote security and information protection at all levels.
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The company states it complies with all applicable health, safety, security, and environment-related laws and regulations.
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Its governance framework is designed to align with best practices and regulatory requirements.
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Users can restrict or disable certain types of cookies.
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Zero Waste & Sustainable Products
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The company states it complies with all applicable health, safety, security, and environment (HSSE) laws and regulations
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, and conducts periodic compliance reviews and audits
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. In Egypt, waste disposal procedures include the segregation, packaging, and labeling of all waste
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, and the reinjection of produced water into reservoirs, all in compliance with Egyptian regulations
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.