LanzaTech - 1792 Exchange

Rating Overview

LanzaTech is Medium Risk.

LanzaTech Global, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company 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	No Data
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	Lower Risk

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:

LanzaTech integrates ESG into its business practices. From its Impact Report: “At the end of 2021, LanzaTech launched its companywide process to integrate and institutionalize ESG (environmental, social, and governance) into our business, including the creation of a new ESG Manager role” (1). However, in 2022, the company stopped publishing its Impact Report and removed ESG language from all documents. To date, the company has not publicly addressed these changes, leaving shareholders without clarity regarding the company’s reasoning or future direction (2). However, the company 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:

N/A

Rationale:

LanzaTech does not publish charitable giving guidelines (1).

Criteria:

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

Risk Level:

High

Rationale:

LanzaTech requires its employees to take diversity and inclusion training (1). The company appears to prioritize diversity over merit in its recruitment and hiring. From its Impact Report: “Our recruitment processes include a focus on growing the diversity of our pool of well-qualified applicants by actively conducting outreach to organizations, learning institutions, and associations that promote and advance qualified women, people of color, and other diverse groups” (2). LanzaTech appears to prioritize diversity over merit in its leadership composition. From its 2024 Proxy Statement: “We are committed to diversity and inclusion, and the highly diverse nature of our Board reflects that commitment.” (3). However, in 2025, the company stated, “Although we do not have a formal diversity policy, when considering diversity in evaluating director nominees, the Nominating and Governance Committee focuses on whether the nominees can contribute varied perspectives, skills, experiences and expertise to the Board.” To date, the company has not publicly addressed these changes, leaving shareholders without clarity regarding the company’s reasoning or future direction (4). LanzaTech does not provide viewpoint protections for its employees (5).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

LanzaTech supports DEI within its business practices. From its 2022 Annual Report: “LanzaTech is committed to fostering a diverse, equitable, and inclusive workplace where people of all cultures and backgrounds can succeed. Our ideals are deeply rooted in diversity, equity, and inclusion (DEI) and resonate throughout our company and our work” (1). The company supports ESG within its business practices. From its Impact Report: “We are proud that our company-wide ESG integration process will incorporate, build on, and support our on-going and innovative, team member-led, initiatives and contributions” (2). However, in 2022, the company stopped publishing its Impact Report and removed ESG/DEI language from all documents. To date, the company has not publicly addressed these changes, leaving shareholders without clarity regarding the company’s reasoning or future direction (3)(4). LanzaTech specializes in carbon recycling and partners with other companies to reuse captured carbon emissions, which helps those companies decarbonize or meet net zero goals- though LanzaTech has made no net zero commitment of its own (5).

Criteria:

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

Risk Level:

Lower

Rationale:

LanzaTech 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:

Lower

Rationale:

LanzaTech does not operate a PAC at this time and has not used its lobbying for ideological purposes (1)(2)(3).