Better Health for All
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Parsley Energy's core business of oil and natural gas production is associated with severe, widespread negative health outcomes, as environmental groups have documented toxic air pollution from its operations in the Permian Basin.
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All of the company's revenue is derived from these activities, which have well-established serious health harms. The company's operations generate significant health-harming externalities, including toxic air pollution. While Parsley Energy reported a 14% reduction in Scope 1 greenhouse gas emissions intensity in 2019 compared to 2018,
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natural gas flaring of less than 1.5% in Q2 2020,
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and a 39% reduction in total fluid spill rate in 2019 compared to 2018,
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these represent partial remediation efforts. The company's products do not have direct safety implications for users, nor does the business model involve health-related products or services requiring considerations for price accessibility, vulnerable reach, health innovation investment, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics.
Fair Money & Economic Opportunity
0
Parsley Energy Inc. is an independent oil and natural gas company, as described by its core business operations. The ethical value 'Fair Money & Economic Opportunity' and its associated Key Performance Indicators (KPIs) are designed to assess financial institutions and their impact on financial inclusion, lending practices, and wealth building for underserved populations. The provided articles focus on the company's merger
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, operational metrics (such as natural gas flaring and emissions)
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,
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, and general business growth
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,
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,
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. None of the articles contain any specific, concrete data points or information regarding Parsley Energy's involvement in financial services, lending, customer financial data, or related initiatives. Therefore, there is no evidence to score any of the KPIs under this value, and all KPIs are omitted.
Fair Pay & Worker Respect
20
The company's employee rating on Glassdoor is 4.4 out of 5 stars, based on 63 reviews
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, which translates to an 88% satisfaction level. This rating is 21% above the industry average for Energy, Mining & Utilities.
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Additionally, 82% of employees would recommend working at the company
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, and 93% approve of the CEO.
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75% of employees reported being paid fairly
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, and 67% were satisfied with their benefits
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, with 100% stating benefits influenced their decision to stay.
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No specific quantitative data was found for living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage percentage.
Fair Trade & Ethical Sourcing
0
No information is available regarding Parsley Energy, Inc.'s fair trade and ethical sourcing practices, including data on fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clauses in supplier contracts, spend on high-risk materials, or supplier diversity initiatives.
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Honest & Fair Business
0
Parsley Energy Inc. reported no regulatory actions in the provided documents, indicating zero ethics-related regulatory fines in the past three years.
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No other specific, quantifiable data points were found in the articles to assess the company against the remaining KPIs for Honest & Fair Business.
Kind to Animals
0
The company, an oil and natural gas producer, does not have operations typically associated with animal testing, animal-derived ingredients, or factory farming. The provided articles do not contain specific, quantifiable data points for KPIs such as cruelty-free certifications, alternative testing usage, humane certifications for animal operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policy or volume, innovation investment in animal-free technologies, animal agriculture ethics, or animal-free R&D collaboration. While the company demonstrates extensive wildlife conservation efforts, including a Biodiversity Stewardship Commitment
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, a four-tiered mitigation hierarchy
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, and participation in Candidate Conservation Agreements for species like the lesser prairie chicken
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, the rubric's quantitative thresholds for these initiatives (e.g., percentage of revenue invested, documented species recovery metrics) are not provided in the articles, preventing a score from being assigned. Similarly, public policy engagement is evidenced but is focused on energy and environmental regulations, not animal welfare.
No War, No Weapons
0
Parsley Energy Inc. is an oil and natural gas company. The provided articles focus on its financial performance, operational metrics such as flaring rates, greenhouse gas emissions, and fluid spill rates, as well as general ESG reporting. Parsley Energy's 2019 flaring rate was under 3% of total gas production.
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Jagged Peak, acquired in 2019, flared over 20% of its gas production in 2019, with some months exceeding 25%.
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Parsley aims to reduce flaring on Jagged Peak assets to under 5% by year-end and overall Permian flaring to 2.5% or below by year-end 2020.
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Parsley Energy released an inaugural ESG report, seeking input from shareholders, money managers, community officials, landowners, and government agencies to guide its stewardship efforts.
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The CEO highlighted the need for greater transparency in ESG reporting.
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Production averaged 146,207 boe/d in 4Q2019, down from 119,848 boe/d in 4Q2018.
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Capital spending in 2020 is projected to be reduced by roughly 15% year-over-year.
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Revenue increased to $1.96 billion in 2019 from $1.83 billion in 2018.
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Operating income rose to $87 million in 2019 from $22 million in 2018.
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Net losses in 4Q2019 totaled $36.4 million (minus $0.13/share), compared to profits of $53.8 million (+$0.19/share) in 4Q2018.
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Profits in 2019 were $175 million (+$0.63/share) compared to $369 million (+$1.36/share) in 2018.
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The company expects to generate at least $200 million in free cash flow in 2020 at an average $50/bbl West Texas Intermediate oil price.
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Parsley spud 38 horizontal wells and placed 37 gross operated wells on production in 4Q2019.
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Average completed lateral lengths were 11,000 feet, primarily in the Midland sub-basin.
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The company reduced its drilling rigs from 15 to 14.
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In 2020 Q2, natural gas flaring was less than 1.5%.
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The 2019 Scope 1 greenhouse gas emissions intensity was reduced by 14% compared to 2018.
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Over 92% of production went through vapor recovery units in 2019.
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Approximately 94% of produced water was transported by pipe in 2019.
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Approximately 93% of oil production was transported by pipe in 2019.
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The 2019 fluid spill rate was reduced by 39% compared to 2018.
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The 2019 recordable incident rate was improved by 29% compared to 2018 for contractors and employees.
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None of the articles contain any information or data points relevant to arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other specific criteria related to the 'No War, No Weapons' ethical value.
Planet-Friendly Business
-50
The company reported no specific regulatory actions, violations, fines, or compliance issues in 2022 and 2023.
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It incorporated the TCFD framework into its 2023 Sustainability Report.
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The company has set a GHG intensity reduction target of 25% by 2030
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and a methane intensity reduction target of 40% by 2030,
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aiming for 0.20% or less by 2025.
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It also plans to end routine flaring by 2025,
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with a flaring intensity of 0.54% in 2022.
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Construction began in 2023 on a wind farm expected to supply power in 2024.
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Freshwater usage in completions decreased to 23% in 2022,
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with a goal of 20% or less by 2026,
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and increased recycling of reclaimed water.
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The company donated nearly $30 million to local charitable organizations and supported humanitarian efforts in 2022.
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Respect for Cultures & Communities
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Parsley Energy has established community partnerships with four organizations: the MISD Education Foundation, Oil Patch Kids, The Nature Conservancy, and the Trail Foundation.
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No other specific, quantitative data points relevant to the remaining KPIs for 'Respect for Cultures & Communities' are provided in the articles.
Safe & Smart Tech
0
No information relevant to PE.US (Parsley Energy Inc.) or the 'Safe & Smart Tech' ethical value was found in the provided articles. All articles pertain to Pioneer Natural Resources, not PE.US.
Zero Waste & Sustainable Products
0
The provided article details the zero waste and sustainable product initiatives of ExxonMobil, including their advanced recycling technology, facility capacities, involvement in Cyclyx International LLC, ISCC Certification, and partnerships. ExxonMobil utilizes a chemical process (pyrolysis) to transform plastic waste into raw materials for new products.
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This process is described as transforming plastic waste at a molecular level.
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ExxonMobil operates a large-scale advanced recycling facility in North America with a capacity of 40,000 metric tons annually.
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Plans are to expand this to 500,000 metric tons globally by 2027.
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ExxonMobil is involved in a joint venture (Cyclyx International LLC) developing facilities capable of sorting and processing various types of plastic waste into custom feedstocks.
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Cyclyx and its partners have received ISCC Certification.
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ExxonMobil is a founding member of the Alliance to End Plastic Waste, a global organization focused on plastic waste solutions.
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However, the article does not contain any specific information or data regarding Parsley Energy Inc. (PE.US) related to any of the defined KPIs for Zero Waste & Sustainable Products. Therefore, no assessment can be made for PE.US based on the evidence provided.