Better Health for All

Texas Pacific Land Trust's core business of managing and leasing land is heavily influenced by and significantly emphasizes facilitating oil and gas extraction. This industry has well-established negative health outcomes, indicating that a substantial majority of the company's core products and revenue are associated with activities having significant negative health consequences. However, the company demonstrates comprehensive efforts to mitigate indirect health externalities. These include spending $22.3 million on electrification projects, hosting approximately 120MW of wind power, supporting 100MW of solar power, and having over 500MW of contracted agreements for renewable operations.

TPL's partners will also lease approximately 25,000 acres for carbon sequestration. The company implements robust water management strategies, including focusing on brackish water, advanced produced water treatment, recycling, and desalination, groundwater monitoring, and spill prevention protocols. TPL's Environmental Management System aligns with ISO14001. For other health-related KPIs, the company's business model does not directly involve health products, services, or data, leading to a neutral or non-applicable assessment.

Fair Money & Economic Opportunity

Texas Pacific Land Corporation's core business is land and resource management, not financial services. Therefore, KPIs related to financial products, lending, customer data, and financial literacy are not applicable. The company contributed over $1.7 million to community, education, conservation, and health programs over the past five years, with 72% directed to the Midland and Dallas areas.

However, the article does not provide the percentage of pre-tax profit reinvested in community finance or profit-sharing with underserved communities, so the profit reinvestment KPI cannot be scored.

Fair Pay & Worker Respect

In 2022, the company reported a Total Recordable Incident Rate (TRIR) of 0.65.

In 2024, the ratio of the CEO's total compensation to the median employee's total compensation was 46:1. The company has experienced no human rights grievances and operates an ethics hotline for reporting concerns.

Fair Trade & Ethical Sourcing

TPL requires all contractors, subcontractors, and other third parties doing business with the company to abide by its Contractor Expectations Guide and Code of Business Conduct and Ethics, which outline ethical and safe business practices

. The company conducts annual audits of its contractors . TPL has reported zero actual human rights incidents, including forced or child labor, that required remediation .

Honest & Fair Business

Texas Pacific Land Corporation's board comprises 90% independent members.

The company maintains a whistleblower program with confidential and anonymous reporting channels, supported by anti-retaliation policies. An annual ethics training is in place, with full compliance reported in 2023 and 100% employee completion of mandatory training from 2021 to 2024. TPL also has a comprehensive Code of Conduct prohibiting bribery and has reported no legal actions for anti-competitive behavior, anti-trust, or monopoly practices.

Kind to Animals

The company's land and resource management activities, particularly for oil and gas, can indirectly affect local wildlife habitats, posing risks to biodiversity and ecosystems.

While environmental experts are consulted and lessees must follow environmental laws, specific actions or initiatives aimed at enhancing animal welfare are not outlined, indicating no measurable biodiversity impact from conservation initiatives for animal welfare. The company also lacks a proactive stance or direct initiatives to address animal welfare concerns, and does not have a public position on animal welfare legislation or engage in advocacy for higher standards. As a landowner and land manager, the company's operations do not directly involve animal testing, animal farming, or the use of animal-derived ingredients, rendering several animal welfare KPIs not applicable.

No War, No Weapons

Texas Pacific Land Corporation (TPL) does not engage in arms manufacturing, military contracts, or direct facilitation of conflict, focusing its operations on land and resource management.

As such, it has no defense-related revenue, assets to divest, or defense business for its board to oversee. The company also has no exposure to controversial weapons, no need for ethical red lines concerning weapons, and no procurement from conflict-affected areas. TPL does not conduct human rights due diligence in conflict regions, as its operations are in West Texas. The company does not directly engage in peace initiatives, and its community contributions, totaling over $1.7 million in five years for education and health programs, including a $115,000 donation in 2023 to High Sky Children’s Ranch, are not classified as peacebuilding or disarmament initiatives. The presence of General Donald G. Cook, a retired four-star U.S. Air Force General, on its Board of Directors is noted.

Planet-Friendly Business

In 2024, 14% of the company's operational energy consumption was sourced from renewables.

It has over 500MW of contracted agreements for renewable operations on its land, including an additional 510 MW contracted in 2023, representing a 307% increase from the previous year. The company reports no direct water usage associated with revenue generation. For biodiversity, less than 1% of its land is within protected conservation status or endangered species habitat, and 0% of impacted area is restored. The company reported zero produced water spills from 2020 to 2024 and zero other spills from 2022 to 2024. Its ESG disclosure is aligned with and informed by the Task Force on Climate-related Financial Disclosures (TCFD) frameworks, and it includes a TCFD Index. The company analyzes trends related to chronic climate risks.

Respect for Cultures & Communities

The company recruits over 90% of its workforce from local communities in the Dallas and Midland areas.

It provides accessible, equitable, and transparent grievance mechanisms for community members and landowners, including an Ethics Hotline, a reporting website, and a publicly available QR code for logging concerns. These mechanisms allow for confidential or anonymous reporting, and the company is committed to investigating and resolving grievances. While a process for human rights impact and risk assessment exists, none of the company's operations have been subject to these assessments.

Safe & Smart Tech

Texas Pacific Land Corporation has not experienced any material cybersecurity incidents as of October 2023.

The company has implemented a comprehensive cybersecurity program aligned with the NIST Cybersecurity Framework. This program includes mandatory annual information security training for employees, data encryption, identity management, access control safeguards, regular vulnerability and threat monitoring, annual enterprise and IT risk assessments, and incident response and recovery plans.

Zero Waste & Sustainable Products

Texas Pacific Land Trust (TPL) reported zero spills of produced water in both 2022 and 2023.

The company implements a Spill Prevention, Control, and Countermeasure (SPCC) plan, a Spill Champion Program, and tracks all spills. TPL has multiple waste reduction and resource recovery initiatives, including facilitating water midstream services for gathering, reuse, and recycling of produced water, developing desalination methods, operating a specialized lab for beneficial reuse, and conducting studies on using desalinated water for crops. Additionally, TPL includes ESG requirements in contracts with its operators and lessees, expecting them to preserve natural environmental conditions, prevent contamination, follow environmental laws, and adhere to stringent specifications for waste and chemical management, including land reclamation processes.