Noble Corporation - 1792 Exchange

Rating Overview

Noble Corporation is Medium Risk.

Noble Corporation 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	High 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:

Noble Corporation integrates ESG into its business practices. From its 2024 Sustainability Report: “Long-Term Incentives applicable for the 2024-2026 ESG Performance cycle consist of two metrics, reduction of CO₂ emissions and ISO 50001 compliance” (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

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

Risk Level:

High

Rationale:

Noble Corporation will not match employee donations to “Religious organizations, such as churches, temples and other houses of worship, or those whose main purpose is to foster a particular faith or creed” (1).

Criteria:

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

Risk Level:

High

Rationale:

Noble Corporation offers Diversity training to its employees (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2023 Sustainability Report: “Embedded in Noble’s DEI policy is an ambition to include at least one individual on the slate of final candidates for senior onshore leadership positions who is diverse relative to the team by either gender, age, nationality, ethnicity, and / or education” (2). Noble Corporation does not provide viewpoint protections for its employees (3).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Noble Corporation supports DEI within its business practices, hosting a DEI Committee (1). The company supports DEI and ESG within its business practices. From its 2024 Sustainability Report: “To support inclusivity, Noble has implemented initiatives to engage diverse employee groups, such as leadership forums focused on inclusion and offshore communication culture initiatives” (2). From its 2024 Sustainability Report: “Our strategy for ESG priorities is guided by a double materiality analysis, incorporating key standards, reporting frameworks, and stakeholder input” (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Noble Corporation 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:

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