Hess Corporation has once again received a AAA rating in the latest MSCI environmental, social and governance (ESG) rating assessment. AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two US oil and gas companies that currently hold a AAA rating from MSCI ESG.
Hess received its first AAA rating in 2021, after earning AA ratings from MSCI ESG for 10 consecutive years. MSCI provides research, ratings, and analysis of the ESG business practices of thousands of companies worldwide.
In addition, Hess has earned a place on the 2023 Bloomberg Gender-Equality Index (GEI) for the fourth consecutive year. Bloomberg’s GEI is a modified market capitalisation-weighted index measuring the performance of public companies in 50 countries, across a variety of sectors on gender equality in leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
Hess’s stated purpose is to be the worlds most trusted energy partner. As a result, the company is focused on building a sustainable enterprise that helps meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive, and profitable way.
Sustainability starts at the top of the company and is reinforced at every level. The Hess Board of Directors is actively engaged in overseeing environmental, health, safety and social responsibility (EHS & SR) practices, working alongside senior management. Sustainable business practices are integrated into our company’s strategy, goals, metrics and daily operations.
The company states that it believes climate risks can and should be addressed while at the same time meeting the growing demand for affordable and secure energy, which is essential to ensure a just and orderly energy transition that aligns with the United Nations Sustainable Development Goals.