Navigator Gas - 1792 Exchange

Rating Overview

Navigator Gas is Medium Risk.

Navigator Gas is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Navigator Gas 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:

Navigator Gas integrates ESG into its business practices. From its 2024 Sustainability Report: “This subcommittee is responsible for overseeing our sustainability initiatives, ensuring that ESG considerations are integrated into our business strategy and monitoring our progress towards sustainability goals” (1). The company integrates ESG into its business practices. From its Code of Conduct: “We must also consider environmental issues in our procurement decisions by selecting our suppliers responsibly” (2) Navigator Gas integrates ESG into its business practices. From its 2025 Sustainability Report: “A third-party ESG supplier monitoring platform was implemented in 2025, bringing 200 suppliers
which have been selected by spend volume, including shipyards, into a live tracking system.” (3). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (4).

Criteria:

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

Risk Level:

Lower

Rationale:

Navigator Gas does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

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

Risk Level:

High

Rationale:

Navigator Gas offers unconscious bias training to its employees (1). The company appears to prioritize diversity over merit in its recruitment. From its Social webpage: “Proactive recruitment campaigns, leadership workshops, and gender-balanced recruitment panels support our DEI initiatives” (2). Navigator Gas appears to prioritize diversity over merit in its hiring. From its 2026 Code of Business Conduct and Ethics: “Diversity, equity, and inclusion are a strategic priority for Navigator Gas. We make a concerted effort to hire, engage, and retain a diverse group of employees.” (3). The company appears to prioritize diversity over merit in its business structure through the establishment of gender targets for its hiring and leadership composition. The company is seeking to “Achieve 35% women in onshore management roles by 2028,” “Ensure that 45% of hires onshore are women,” and “Achieve 30% women in Board of Directors” (4). Navigator Gas does not provide viewpoint protections for its employees (5). The company has a history of divisive corporate policies. However, in May 2026, the company removed unconscious bias training policies from its Sustainability Report. To date, the company has not publicly addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (6).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Navigator Gas is committed to net zero emissions by 2050 (1). The company supports DEI within its business practices, hosting an Inclusion and Action leadership programme for all its managers (2). Navigator Gas supports DEI within its business practices. From its Code of Business Conduct and Ethics: “Diversity, equity, and inclusion are a strategic priority for Navigator Gas” (3). The company supports ESG within its business practices. From its 2025 Sustainability Report: ”Management has included the above summary of assumptions and risks related to forwardlooking statements and other information provided in this Sustainability Report to provide shareholders and investors with a more complete perspective on the Company’s current and future operations and ESG
initiatives” (4).

Criteria:

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

Risk Level:

Lower

Rationale:

Navigator Gas 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:

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