MASHINIi

Great Lakes Dredge & Dock Corporation.

GLDD.US | Construction of other civil engineering projects

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services. The company operates a fleet of specialized dredging equipment, including hopper dredges, cutter suction dredges, and mechani...Show More

Ethical Profile

Mixed.

Great Lakes Dredge & Dock (GLDD) has a mixed ethical profile. Sustainalytics gave GLDD a 'Severe' ESG Risk Rating, ranking it 238 out of 337 in its sector, indicating significant unmanaged risks. The company also faced a $1,000,000 fine for a Clean Water Act violation and reported 6 spills in 2021. Positively, GLDD is renewing its fleet with emissions-reducing equipment, implements a zero-deforestation policy with >90% verified implementation, and invests in coastal restoration and Florida Aquarium coral conservation research. The company has an anti-corruption policy and states 70% of ethical claims are independently verified.

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 Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-60
-100100

Better Health for All

0

No evidence available to assess Great Lakes Dredge & Dock Corporation on Better Health for All.

Fair Money & Economic Opportunity

0

Great Lakes Dredge & Dock Corporation's core business is dredging and demolition, not financial services. The provided articles consistently indicate a lack of data on financial metrics such as APRs, fees, loan portfolios, or financial inclusion initiatives. Specifically, the 2023 Sustainability Report notes no data on financial metrics relevant to GLDD's financial services operations, and the 2022 ESG Report lacks quantitative data on metrics like underserved client share, pricing fairness, and debt burden ratio.

1
As the company does not offer lending or deposit services to consumers, operate financial service access points, or provide debt products, all KPIs related to financial products and services are deemed not applicable.

Fair Pay & Worker Respect

0

No specific, concrete data points were found in the provided articles to assess Great Lakes Dredge & Dock Corporation against the 'Fair Pay & Worker Respect' ethical value. Information regarding living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rates, pay equity, worker engagement, employee turnover, labor law violations, insecure contract share, or health insurance coverage was not available.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Great Lakes Dredge & Dock Corporation on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-40

The company's anti-corruption policy was amended to include organizational conflicts of interest, clarify obligations to avoid bribery and kickbacks, and modernize references to technology tools and electronic business records.

1
However, the policy lacks clear guidance on facilitation payments and gift thresholds, which maps to a score of -80.

Kind to Animals

0

Great Lakes Dredge & Dock Corporation's projects reestablish endangered natural habitats, rebuild barrier islands, and restore eroded areas, supporting biodiversity and ecosystems.

1
The company employs endangered species protection devices and observers on many projects.
2
Its Tampa Big Bend Channel Deepening project resulted in a significant increase in wildlife, with at least 11 different species of shore birds nesting on a man-made island, including specific counts of adults, chicks, and nests.
3
The company provided a six-figure, two-year investment to the Florida Aquarium for coral conservation and restoration efforts, and partially funded studies on pain management drugs for sea turtle surgeries at the Georgia Sea Turtle Center.
4
GLDD works with USACE, NMFS, US Fish & Wildlife Services, private NGOs, and conservation partners to protect turtles and create nesting habitats.
5
The company complies with the Endangered Species Act (ESA) and Marine Mammal Protection Act (MMPA).
6
It also encourages a fresh look at the policy driving the allocation of turtle 'takes', noting 140,000 permitted annually from fishing/shrimping versus 40 for hopper dredging.
7

No War, No Weapons

0

Great Lakes Dredge & Dock Corporation's core business is dredging and demolition services, focusing on capital infrastructure, coastal protection, and maintenance dredging. The provided articles consistently state that no specific data relevant to 'No War, No Weapons' is available or that the relevant KPIs are 'Not applicable'.

1
There is no evidence to suggest involvement in arms manufacturing, military contracts, or conflict facilitation, nor any specific initiatives related to peacebuilding or disarmament. The company's compliance with general regulations like the Foreign Corrupt Practices Act and Anti-Boycott Regulations is noted, but no specific data on sales to embargoed regimes or related controls is provided.
2
Similarly, while human rights policies are mentioned, there is no evidence of human rights due diligence in conflict-affected areas.
3

Planet-Friendly Business

-60

The company engages in biodiversity efforts, including sea turtle conservation, coral conservation, and oyster reef restoration.

1
In 2020, 190 turtles were relocated, following 402 in 2019 and 808 in 2018.
2
Projects also include North Atlantic Right Whale monitoring and the creation of a beneficial habitat for various bird species as part of the Tampa Big Bend Channel Deepening project.
3
For environmental compliance, the company reported 6 spills in 2021 and 3 spills in 2020.
4
In 2020, there were 9 spills totaling 419.5 gallons, 14 spills totaling 304 gallons in 2019, and 14 spills totaling 975 gallons in 2018.
5
The company has not mentioned a net-zero target year.
6

Respect for Cultures & Communities

0

The provided articles do not contain specific, quantitative data points for any of the KPIs related to Respect for Cultures & Communities. Information regarding formal partnerships with indigenous or local community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratio, grievance mechanisms, complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion is consistently noted as 'not specified' or 'no data' across multiple reports.

1

Safe & Smart Tech

0

No evidence available to assess Great Lakes Dredge & Dock Corporation on Safe & Smart Tech.

Zero Waste & Sustainable Products

-60

Great Lakes Dredge & Dock Corporation has incurred multiple waste-related violations. In the past three years (2021-2023), the company had one water pollution violation in 2021 for $1,000,000, and two environmental violations in 2022 and 2023 for $1,000,000 and $192,500 respectively.

1
Additionally, an asbestos violation occurred in 2002 for $150,000.
2
The company has implemented at least one small-scale waste reduction initiative, specifically a 'Bottle caps to benches' project in Oak Brook Terrace, which used 20-25 pounds of bottle caps.
3

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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.