MASHINIi

HUNTING PLC.

HTG.LSE | Support activities for petroleum and natural gas extraction

Hunting PLC is an international energy services company providing a range of products and services to the upstream oil and gas industry. The company operates through various segments, including Hunting Energy Services, which provides well construction, completion, and intervention services; Hunting ...Show More

Ethical Profile

Mixed.

Hunting PLC's ethical profile is mixed. Its Advanced Manufacturing segment reported $126.9 million in defense-related revenue in 2024, and the company previously managed the Atomic Weapons Establishment (1993-2003), conflicting with "No War, No Weapons" values. Despite a 2030 goal to cut Scope 1 and 2 emissions by 50%, emissions increased from 22,422 to 24,042 tonnes CO₂e between 2022-2023, challenging planet-friendly goals given its oil and gas focus. Positively, Hunting PLC reported zero bribery fines in 2024 and actively addresses modern slavery risks, assessing ~1,000 suppliers and implementing an Ethical Employment Policy, though full traceability remains a challenge.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons-50
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

0

Hunting PLC, an energy services company in the oil and gas industry, has moderate health-harming externalities due to its operations. The company has implemented substantial remediation efforts, including sourcing 12% of its global electricity consumption from renewable energy in 2020 (up from 4% in 2019),

1
initiating waste recycling programs,
2
and adhering to ISO 14001 and ISO 50001 standards.
3
These actions indirectly contribute to public health by reducing pollution impacts.
4
The company's principal goods and services are industrial and do not have direct health implications for the general public, nor does its business model involve health-related products or services requiring considerations for price accessibility, vulnerable reach, risk transparency, healthcare data responsibility, pharmaceutical patent flexibility, nutrition and food safety, addiction mitigation, or clinical trial ethics. While the company provided PPE to low-income families during a public health emergency, the scale of this action is not quantified to align with rubric thresholds.

Fair Money & Economic Opportunity

0

No evidence available to assess HUNTING PLC on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

Specific information regarding Hunting PLC's fair pay and worker respect practices, including worker treatment and compensation, is not available in public disclosures or recent corporate reports.

1
While the company emphasizes high personal standards and ethical employment practices, implementing policies to prevent unlawful activities, these are general statements about policies and not quantifiable data points for the assessed KPIs.
2

Fair Trade & Ethical Sourcing

0

Hunting PLC has implemented an Ethical Employment and Trading Policy, committing to a zero-tolerance stance on child labor, slavery, and human trafficking

1
. The company launched a new Code of Conduct course in 2023, which includes information on the Modern Slavery Act
2
, and operates a confidential whistleblowing service
3
. A detailed risk assessment evaluated approximately 1,000 customers and suppliers, focusing on country risk and supply chain transparency
4
. Hunting PLC also demonstrates compliance with the UK Modern Slavery Act 2015 through annual statements
5
and engages suppliers to ensure compliance with local laws and through regular audits
6
. However, the provided articles do not contain specific quantitative data points for the defined KPIs, such as the percentage of fair-trade certified spend, audit frequency, number of forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend.

Honest & Fair Business

-40

Hunting PLC provides a whistleblowing hotline for confidential reporting.

1
However, the available information does not include evidence of independent investigation processes for reports made through this channel.

Kind to Animals

0

No specific, concrete evidence was found in the provided articles to assess Hunting PLC against any of the 'Kind to Animals' KPIs. The articles do not contain information regarding cruelty-free certifications

1
, animal testing
2
, humane certifications for operations
3
, measurable wildlife conservation impact
4
, ethical input substitution
5
, animal-related supplier audits
6
, cage-free sourcing
7
, animal agriculture ethics
8
, or engagement in animal welfare policy and innovation
9
.

No War, No Weapons

-50

Hunting PLC derived approximately 8.17% of its total revenue from defense-related activities in 2023

1
, with non-oil and gas revenue, which encompasses defense sales, totaling $75.9 million
2
out of $929.1 million total revenue
3
. The company's Advanced Manufacturing segment and Dearborn Business Unit supply components for military applications, including aviation and naval sectors, to U.S. defense contractors
4
. Rather than divesting, Hunting PLC is actively expanding its military business lines and has increased defense-related sales
5
. Historically, Hunting PLC managed the Atomic Weapons Establishment from 1993 to 2003
6
, indicating past direct involvement with controversial weapons.

Planet-Friendly Business

-50

The company has set targets to reduce Scope 1 and 2 GHG emissions by 50% from a 2019 baseline by 2030

1
, and a new long-term emissions intensity target of 20kg/$k of revenue or less by 2030
2
. However, these targets are not yet SBTi-validated, as the company is still in the process of assuring its data ahead of setting science-based targets. In 2024, 21% of the company's electricity was purchased from renewable sources, a decrease from 23% in 2023
3
. The company reported zero environmental fines or incidents in both 2024 and 2023
4
. A new physical risk assessment was completed in 2024
5
. The company plans to develop and publish a credible net-zero plan by 2027
6
, but has not yet declared a specific net-zero target year. The company considers itself fully compliant with TCFD reporting requirements
7
, aligning with all four recommended pillars and 11 narrative areas
8
. It conducts advanced climate scenario analysis, including 1.5°C, 2.0-3.0°C, 2.5°C, and 4.0°C pathways for both transition and physical risks
9
, integrating this into a financial model to assess the financial impact on asset carrying values. This financial model also analyzes the carrying values of assets to provide a perspective on their financial impact based on climate scenarios
10
.

Respect for Cultures & Communities

0

Hunting PLC emphasizes its commitment to upholding human rights, including indigenous and cultural rights, aligning with the United Nations Universal Declaration of Human Rights.

1
The company maintains a zero-tolerance stance on child labor, slavery, and trafficking, as outlined in its Ethical Employment & Trading Policy.
2
Hunting PLC also engages in charitable community projects, such as COVID-19 relief efforts and donations in Indonesia and China.
3
However, there is a lack of publicly available information regarding specific actions related to indigenous rights or cultural heritage protection.
4
This includes an absence of data on formal partnerships with local community groups, revenue reinvestment into community development, cultural appropriation incidents, or initiatives protecting cultural sites.
5

Safe & Smart Tech

0

No evidence available to assess HUNTING PLC on Safe & Smart Tech.

Zero Waste & Sustainable Products

-40

Hunting PLC reported zero environmental fines or incidents in 2022

1
, 2023
2
, and 2024
3
, indicating a proactive compliance program for waste disposal. The company has implemented waste recycling programs across the Group for materials including metal, wood, plastics, rubber, and water
4
. It also introduced a mechanism to capture and reuse cutting fluids
5
, and its joint venture manufacturing facility in Nashik, India, aims to be entirely waste-free
6
. For hazardous waste, contaminated water is collected and disposed of as special waste for further recycling
7
, and unavoidable waste streams are disposed of responsibly using vetted suppliers
8
. The global HSE team has an annual target to reduce waste and associated costs by at least 10%.
9

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.