Kinetik Holdings Inc. - 1792 Exchange

Rating Overview

Kinetik Holdings Inc. is Medium Risk.

Kinetik Holdings Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Kinetik implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled 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:

Medium

Rationale:

Kinetik integrates ESG into its business practices. From its 2024 Sustainability Report: “As stewards of a better energy future, we integrate environmental, safety, governance, and community considerations into our business decisions to create long-term value for our stakeholders” (1). From its Sustainability Linked Financing Framework: “To highlight our philosophy and how serious we are about achieving these goals, our compensation program will tie 20 percent of all salaried employees’ at-risk pay, including executives, to the achievement of specific ESG goals” (2). However, Kinetik has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Kinetik does not appear to discriminate against charitable organizations based on views or beliefs (1). The company’s charitable giving focus areas are “education, environmental conservation, aiding at-risk individuals, and supporting emergency response organizations” (2).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Kinetik requires its employees to take unconscious bias and DEI training (1). The company appears to prioritize diversity over merit in its recruitment and hiring. From its 2023 Sustainability Report: “Committed to fostering a more inclusive future, we emphasize cultivating a workforce that embraces gender diversity” (2). Kinetik operates a supplier diversity program. “Our Contractor Management Program plays a critical role enabling us to assess our supplier diversity and continuously refine our future processes to reinforce our commitment to promoting Diversity, Equity and Inclusion across all aspects of our operations” (3). The company does not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Kinetik is committed to net zero emissions by 2050 (1). The company supports DEI within its business practices. From its 2023 Sustainability Report: “We firmly believe that diversity and inclusion drives innovation and better decisions, employee engagement and our ability to attract and retain top talent” (2). Kinetik supports ESG within its business practices. From its Sustainability Linked Financing Framework: “Kinetik’s materiality analysis identifies and prioritizes key environmental, social, and governance topics that are most relevant to our business and stakeholders” (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Kinetik has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Kinetik does not operate a PAC or engage in lobbying at this time (1)(2)(3).