Talos Energy Inc..
TALO.US | Extraction of crude petroleum
Talos Energy Inc. is an independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both through organic activities and strategic acquisitions. The company's operations include...Show More
Better Health for All
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Talos Energy has demonstrated significant efforts in mitigating indirect health effects from its operations. Between 2018 and 2022, the company achieved a 30% reduction in Scope 1 GHG emissions intensity
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and a 64% reduction in Scope 2 GHG emissions
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. In 2023, absolute GHG emissions were reduced by approximately 13% compared to the 2022 baseline
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. The company also invests in carbon capture and storage (CCS) projects. For mental health, Talos Energy provides employee assistance programs and mental health seminars for its workforce
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.
Fair Money & Economic Opportunity
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Talos Energy Inc. is an independent exploration and production company focused on crude oil and natural gas. As such, its core business does not involve lending, deposit services, or other consumer financial products. Consequently, KPIs related to underserved client share, pricing fairness, exploitative fee exposure, financial inclusion initiatives (loan/insurance book), customer data accessibility, fair lending compliance, wealth building outcomes, financial literacy programs, customer debt burden, geographic inclusion for financial services, and product simplicity for financial products are not applicable to its operations, resulting in a score of 0 for these KPIs. The 'profit_reinvestment' KPI is omitted as the necessary annual pre-tax profit data to calculate the percentage of reinvestment in community finance was not provided in the articles.
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Fair Pay & Worker Respect
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Talos Energy reported a Total Recordable Incident Rate (TRIR) of 0.36 per 200,000 work hours in 2024.
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which was 30% lower than the Gulf of America industry average.
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The company's CEO-to-median employee pay ratio was 42:1.
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Overall employee rating was 4.1 out of 5 stars.
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, with 82% of employees recommending the company to a friend
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and 89% having a positive business outlook.
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Voluntary employee turnover in 2024 was 6.4%.
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Fair Trade & Ethical Sourcing
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No specific data for Talos Energy Inc. (TALO.US) regarding fair trade certification, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk index, or supplier diversity spend was found in the provided articles.
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Honest & Fair Business
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Talos Energy announced amended 10-K/A and 10-Q/A filings to address material weaknesses in internal controls over financial reporting
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, indicating at least two formal financial restatements
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. The company's Audit Committee conducted a review after an external third party suggested a mid-level employee engaged in inappropriate procurement practices
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, leading to the employee's separation
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. Independent external legal counsel assisted the Audit Committee in this review
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Kind to Animals
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The provided articles, which summarize Talos Energy Inc.'s sustainability efforts, explicitly state that they do not contain any data relevant to the 'Kind to Animals' ethical value or related metrics.
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The company's core business of oil and natural gas exploration and production does not inherently involve animal testing, animal-derived products, or animal agriculture. While offshore operations could impact wildlife, the articles only mention zero hydrocarbon releases over one barrel for five consecutive years
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, which is a preventative measure and not a measurable biodiversity impact from conservation initiatives as defined by the rubric. Therefore, no specific, concrete data points are available to assess the company against any of the 'Kind to Animals' KPIs, leading to the omission of all KPIs from the scoring.
No War, No Weapons
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The provided articles focus on Talos Energy's financial transactions, such as the sale of interest in its Mexico unit, and its general sustainability performance, including safety metrics, GHG emissions reductions, and community investments. Talos is selling an additional 30.1% interest in its Mexico unit to Zamajal, a company owned by Grupo Carso and Control Empresarial (both backed by Carlos Slim).
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This transaction will result in Talos owning 20% of Talos Mexico, with the remainder held by Zamajal.
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Talos will receive $49.7 million in cash, plus $33 million upon first commercial production from the Zama Field.
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The Zama Field, discovered in 2017, holds 17.4% of the potentially lucrative deposit in Mexican territorial waters.
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The articles explicitly state that no data is provided for these categories.
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Planet-Friendly Business
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A Talos Energy subsidiary was fined $4.2 million for criminal safety and pollution violations, including two felony counts, during offshore oil production in the Gulf of Mexico.
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The company has a history of 56 penalty records totaling over $7.5 million since 2000
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, with 54 records related to environment-related offenses
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, averaging 2.24 environment-related penalty records per year.
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Talos Energy reports that its sustainability report was developed with reference to the TCFD framework
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, but specific climate scenario analysis is not reported.
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Respect for Cultures & Communities
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No specific, quantifiable data was provided in the articles to assess Talos Energy Inc.'s performance against the 'Respect for Cultures & Communities' ethical value. While the company reported investing more than $2 million in local communities since 2018
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, including $755,000 in social impact investment in 2023
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, this information is not presented as a percentage of company revenue, which is required by the relevant KPI. Consequently, no KPIs could be scored based on the available evidence.
Safe & Smart Tech
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Talos Energy's Privacy Policy outlines user rights, including the ability to access, correct, delete, restrict, and withdraw consent to data processing, as well as data portability
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. The company states that data is retained only as necessary for business purposes and legal requirements
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. Furthermore, Talos Energy mentions its compliance with applicable privacy laws, including GDPR and CCPA
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Zero Waste & Sustainable Products
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In 2023, the company incurred 53 environmental fines related to offshore spills.
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Hazardous waste is categorized, tracked, reported, labeled, manifested, transported, and disposed of at certified facilities, with third-party compliance firm oversight.
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The company set a target for a 28% reduction in total waste in 2022 from 2021.
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Waste reduction initiatives include a recycling program expanded to offshore facilities in 2022
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, which also operates in Houston (since 2021) and Lafayette offices, utilizing special bags offshore and bins in offices for materials like cardboard, paper, aluminum, plastic, and glass.
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Electronic waste is recycled through CompuCycle.
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Waste tracking and reporting procedures were enhanced in 2021, and employees are educated on waste disposal.
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These efforts resulted in a 28% reduction in total waste in 2022 compared to 2021.
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A Vendor Code of Conduct requires suppliers to comply with environmental policies.
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