Sprague Resources LP

Industries Energy
Subsidiaries Sprague Operating Resources LLC, Sprague Energy Solutions Inc., Sprague Terminal Services Inc. Sprague Resources LP was sold to Hartree Partners LP in 2021 https://www.globenewswire.com/en/news-release/2021/05/28/2238222/0/en/Hartree-Partners-Completes-Purchase-of-Controlling-Interest-in-Sprague-Resources.html
Location New Hampshire

Rating Overview

Risk Rating: Lower

Sprague Resources LP is Lower Risk.

Sprague Resources is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. The company does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

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

Corporate Weaponization

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias Medium 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:

Lower

Rationale:

Sprague Resources has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

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

Risk Level:

Lower

Rationale:

Sprague Resources does not discriminate against charitable organizations based on views or beliefs. The company’s charitable giving focus areas are “organizations and projects benefiting children and the environment” (1)(2).

Criteria:

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

Risk Level:

Medium

Rationale:

Sprague Resources does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy


Criteria:

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

Risk Level:

Medium

Rationale:

Sprague Resources supports DEI within its business practices. From its 2021 Sustainability Report: “Sprague is committed to fostering, cultivating and preserving a culture of diversity and inclusion. It is the individual strengths, unique experiences, diverse views, and creative ideas of our people that make us who we are – working together and thriving as one team” (1). Otherwise, Sprague Resources has not supported ideological causes or policies (2).

Criteria:

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

Risk Level:

Lower

Rationale:

Sprague Resources 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:

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