Diamondback Energy

Texas
Energy

Corprate Bias Ratings

Risk Level:

Rating - Clear
Lower Risk

Diamondback Energy vets vendors for LGBTQ policies but has not publicly terminated business relationships based on views or beliefs. The company does protect its employees against viewpoint discrimination and does not discriminate against religious organizations in its charitable giving. It has not used its corporate funds or PAC contributions for ideological purposes. For these reasons, Diamondback Energy receives a Lower Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Diamondback Energy integrates ESG into all of its business practices, “t[ying] executive compensation to performance on [its] environmental, social and governance (ESG) targets” (1). The company’s Human Rights Policy states its expectation that vendors abide by the UN’s Human Rights Policy, effectively vetting vendors for LGBTQ policy since its Universal Declaration of Human Rights has been interpreted to include sexual orientation and gender identity (2). However, Diamondback Energy has not publicly fired customers, suppliers, or vendors based on views or beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Diamondback Energy does not discriminate against religious organizations in its charitable giving. It “match[es] [its] employees’ donations to registered nonprofit organizations” (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Diamondback Energy protects its employees against viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Diamondback Energy is committed to achieving net zero emissions by 2050 (1).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Diamondback Energy does not use corporate funds to advance ideological causes, organizations, or policies (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Diamondback Energy does not use its PAC donations for ideological purposes and has not reported on its lobbying (1)(2).

All links were last accessed and all information was updated on:
September 29, 2023

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