MASHINIi

Helix Energy Solutions Group.

HLX.US | Support activities for petroleum and natural gas extraction

Helix Energy Solutions Group, Inc. is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. The company operates through three segments: Well Intervention, Robotics, and Production Facilit...Show More

Ethical Profile

Mixed.

Helix Energy Solutions Group (HLX) operates in the fossil fuel sector, contributing to climate change and indirectly impacting public health and marine life. Yet, the company reports a 12% reduction in Scope 1 CO2e emissions per day and 29% in Scope 2, with 53% of trenching and 55% of ROV projects for renewable energy, and validated science-based targets. For worker respect, the CEO to median employee pay ratio is 59:1. However, employee compensation and benefits allegedly rank in the bottom 35-40% of similar companies, with reports of limited raises and a 45-50% turnover in one department. Data for other ethical areas is largely insufficient.

Value Scores

Better Health for All-10
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business30
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-10

Helix Energy Solutions Group's principal services have a net negative health impact, as 33% of its market segment in 2023 was Production Maximization, supporting the oil and gas industry which has established negative health outcomes.

1
This also means 33% of its market segment revenue is from activities with well-established negative health outcomes.
2
Regarding health externalities, the company reported no significant environmental controversies or spills in 2024, though in 2023 there were 28 reportable spills totaling 23,992 liters, including one significant spill of 23,689 liters.
3
The company tracks greenhouse gas emissions (CO2, CH4, N2O, HFC) and has reported reductions in Scope 1, 2, and 3 CO2e emissions.
4
Helix does not offer health-related products or services, nor does it engage in public health education, health equity programs, or healthcare workforce support. Its mental health and preventative health initiatives, such as an Employee Assistance Program and wellness coaching, are focused on its own employees. The company's industrial services do not have direct safety implications for physical or mental health users, nor do they involve health-related data, clinical trials, or addiction potential for the public.

Fair Money & Economic Opportunity

0

No evidence available to assess Helix Energy Solutions Group on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

20

The CEO's total compensation in 2024 was $5,675,840, with a median employee pay of $95,480, resulting in a pay ratio of 59:1.

1
Employee engagement is reflected by 81% of employees who would recommend working at the company, and an overall employee rating of 3.7 out of 5 stars, which is in line with the industry average.
2
While some reviews mention high salaries and recent pay raises of 5-12%, others highlight concerns about management favoritism, limited raises of 2-3% for cost of living, and a lack of transparency.
3
Management receives mixed reviews, with some praising flexibility and others criticizing micromanagement and a lack of training.
4
The company's employee compensation and perks and benefits are ranked in the bottom 35% and 40% respectively, compared to similar-sized companies.
5

Fair Trade & Ethical Sourcing

0

No evidence available to assess Helix Energy Solutions Group on Fair Trade & Ethical Sourcing.

Honest & Fair Business

30

Helix reported $0 in legal or regulatory fines or settlements related to bribery, corruption, anti-competitive standards, IT security, or environmental regulations in 2023 and over the past three years.

1
The company's financial statements for 2024 do not reflect any error corrections or restatements.
2
Helix maintains a 24/7 anonymous reporting system, administered by a third-party, available in multiple languages, with a commitment to non-retaliation; all 6 reports in 2023
3
and 19 reports in 2024
4
were resolved. The company had no confirmed incidents of corruption, dismissals for corruption, contracts terminated due to corruption, public legal cases regarding corruption, labor standards controversies, or significant environmental controversies in 2023.
5
The Board of Directors is 86% independent,
6
and the company has an Independent Chairman and entirely independent Board Committees.
7
Helix has a comprehensive Anti-Corruption Policy that strictly prohibits bribery and facilitating payments,
8
applies to all personnel,
9
adheres to major international anti-corruption laws,
10
and includes a risk-based approach for third-party engagement with annual partner certifications and audit rights, as well as regular training and internal controls.
11

Kind to Animals

0

No evidence available to assess Helix Energy Solutions Group on Kind to Animals.

No War, No Weapons

0

No evidence available to assess Helix Energy Solutions Group on No War, No Weapons.

Planet-Friendly Business

-30

Helix's water consumption was 127.21 m3 per $1 million revenue in 2022.

1
The company sourced 0% of its water from high or extremely high baseline water stress areas in 2023.
2
Helix reported zero environmental compliance violations in 2023
3
and 2024,
4
with no legal proceedings associated with environmental regulations.
5
The company is guided by the Task Force on Climate-related Financial Disclosures (TCFD)
6
and includes climate scenario analysis in its risk management.
7
In 2023, 0.05% of Helix's total energy consumption was from renewable sources.
8

Respect for Cultures & Communities

0

The provided article outlines Helix's general ethics and compliance policies, including a Code of Business Conduct and Ethics, an Anti-Corruption Compliance Policy, and a commitment to human rights

1
. It also mentions supplier expectations
2
. However, the article explicitly states that it does not contain any specific, quantitative data or concrete actions related to formal partnerships with community groups, reinvestment in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, cultural preservation investments, local procurement, or any other specific metrics for respecting cultures and communities
3
.

Safe & Smart Tech

0

The provided articles do not contain specific, quantifiable data points required to assess Helix Energy Solutions Group against the 'Safe & Smart Tech' ethical value's KPIs. While general cybersecurity activities such as annual awareness training for onshore and offshore users and penetration tests of external networks are mentioned, the articles lack specific metrics like the percentage of employees trained, effectiveness measurements, patching timeframes for vulnerabilities, investment as a percentage of revenue, or details on data breaches, AI ethics, privacy controls, or regulatory compliance related to privacy.

1
No information regarding AI-driven decisions, algorithmic transparency, or digital rights advocacy is present.

Zero Waste & Sustainable Products

0

No evidence available to assess Helix Energy Solutions Group on Zero Waste & Sustainable Products.

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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.