Montauk Renewables, Inc..
MNTK.US | Manufacture of gas; distribution of gaseous fuels through mains
Montauk Renewables, Inc. is a renewable energy company specializing in the recovery and processing of biogas from landfills and other non-fossil fuel sources. The company captures methane gas, a potent greenhouse gas, and converts it into renewable natural gas (RNG). This RNG is then used as a trans...Show More
Better Health for All
0
Montauk Renewables' core business of capturing and beneficially using methane from landfills and anaerobic lagoons directly reduces the release of methane, volatile organic compounds, odors, and other local air pollutants, which has a significant positive health impact on surrounding communities.
1
The company's facilities collectively reduced over 3.73 million metric tons of CO2 equivalent emissions in the year under review.
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However, the company's Total Recordable Incident Rate (TRIR) was 3.00 in 2022, which was above the 2021 national average of 2.7 for all industries.
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In another reporting period, the TRIR was 2.19, which was below the national average of 2.9.
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The company's operations generate negligible negative health externalities and substantial positive health externalities by preventing methane and other pollutants from being released into the atmosphere. Montauk has a health and safety program (HASP) with extensive training and employee engagement, and offers tuition reimbursement for job-related education, but these are not direct healthcare workforce support initiatives.
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The company tracks leading safety indicators and uses early intervention to prevent incidents, but this is not a preventative health measure for the general public.
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Fair Money & Economic Opportunity
0
Montauk Renewables, Inc. is a renewable energy company focused on converting biogas into renewable natural gas.
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Its core business does not involve lending, deposit services, or other financial products for consumers.
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Therefore, all KPIs related to financial services, customer credit, and financial literacy initiatives are not applicable to the company's operations, aligning with the '0' tier definitions in the rubric.
Fair Pay & Worker Respect
0
No evidence available to assess Montauk Renewables, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. The articles discuss internal company ethics policies and codes of conduct for employees and directors, and procedures for facility decommissioning, but do not provide information on supplier-related metrics such as fair-trade certification, supplier audit frequency, forced/child labor incidents in the supply chain, supply chain traceability, remediation speed for supplier violations, ethical clauses in supplier contracts, materials risk index, or supplier diversity spend.
1
Honest & Fair Business
-10
Montauk Renewables has a comprehensive whistleblower policy, effective January 4, 2021, which includes a confidential hotline, multiple reporting methods (website, app, phone, email, fax), anonymity options, investigation procedures, and safeguards against retaliation.
1
The policy covers serious concerns impacting financial reporting, legality, company policy, and improper conduct.
2
The company's Code of Business Conduct and Ethics prohibits payments to government officials for improper influence and restricts gifts from business providers to those of nominal value, generally $100 or less.
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It also requires written agreements for commissions, rebates, etc., and documentation for all payments.
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Kind to Animals
0
No evidence available to assess Montauk Renewables, Inc. on Kind to Animals.
No War, No Weapons
0
Montauk Renewables' core business is the capture and beneficial use of landfill methane, which does not inherently involve arms contracts, dual-use technology with military applications, or sales to embargoed regimes.
1
The provided articles do not contain explicit, verifiable facts regarding any of the KPIs related to the 'No War, No Weapons' value. Therefore, all KPIs are omitted due to a lack of specific evidence, as per the scoring rules.
Planet-Friendly Business
-20
Montauk Renewables reported 2 minor environmental regulatory incidents in 2022.
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In FY 2019, the company reported no significant breaches of environmental standards.
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The company's core business involves capturing and beneficially using methane, which is presented as a climate-positive initiative.
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A patented system enables near-zero-emissions conversion of agricultural waste into renewable fuels, capable of producing 10 units of renewable energy for each unit of conventional energy consumed and sequestering approximately 25 tons of greenhouse gas equivalent emissions for every ton emitted.
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A joint venture aims to produce up to 50,000 metric tonnes of green methanol annually by 2030, with an initial facility converting a flared gas stream into up to 6,000 metric tonnes of low-carbon methanol each year.
5
Respect for Cultures & Communities
0
The provided articles, primarily sustainability reports from 2015-2019 and a LinkedIn post, focus on environmental, health, and safety metrics such as emission reductions, energy generation, and injury rates. No specific, quantitative data points or concrete actions related to formal partnerships with indigenous or local community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license to operate, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training were found.
1
Therefore, no KPIs under 'Respect for Cultures & Communities' can be scored based on the evidence provided.
Safe & Smart Tech
10
As of December 31, 2024, no previous cybersecurity incidents have materially affected Montauk Renewables' business, strategy, operations, or financial condition.
1
The company has a multi-faceted security awareness program that includes regular, mandatory training for personnel on data protection and malware detection, policy and process awareness, and periodic phishing simulations.
2
The Internal Audit department tests IT policies, including those pertaining to passwords, backup and recovery, user access, change control, and hardware and software maintenance.
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Montauk Renewables has achieved a 90% reduction in critical vulnerabilities, with high-severity vulnerabilities consistently kept under 20% of total open vulnerabilities.
4
The company maintains Sarbanes-Oxley controls, with its Internal Audit department testing IT policies, and key employees complete a survey about cybersecurity for quarterly Sarbanes-Oxley certification.
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The company also ensures SEC compliance across its complex IT and OT systems.
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Montauk Renewables relies on a combination of patent, trademark, copyright, and trade secret laws, along with employee and third-party nondisclosure/confidentiality agreements, to protect its intellectual property.
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Zero Waste & Sustainable Products
-10
Montauk Renewables' core business involves the reduction of methane emissions from landfills, which is a key waste reduction initiative.
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The company has also committed to other waste reduction and education initiatives.
2
Montauk's facilities are decommissioned and remediated in accordance with applicable laws and host landfill gas contracts, indicating compliant hazardous waste management.
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The company reported no significant breaches of environmental standards in 2015 and 2019, and no waste disposal violations in the past three years.
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