TechnipFMC - 1792 Exchange

Rating Overview

TechnipFMC is Medium Risk.

TechnipFMC plc. 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	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:

TechnipFMC integrates ESG into its business practices. From its 2024 UK Annual Report: “To align our executives’ incentives with our sustainability commitments, we link our executive compensation to our Sustainability Scorecard performance…The ESG Committee is responsible for determining and assessing the Company’s Sustainability Scorecard objectives, certifying results, and recommending a performance rating to the C&T Committee, who reviews this information to determine and approve the Sustainability Scorecard payout” (1). The company promotes divisive sex and gender policies. Its Code of Business Conduct requires international vendors to include sexual orientation in their nondiscrimination policy (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:

Lower

Rationale:

TechnipFMC does not appear to discriminate against charitable organizations based on views or beliefs (1)(2).

Criteria:

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

Risk Level:

High

Rationale:

TechnipFMC offers inclusive leadership training to its employees (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2024 Proxy Statement: “As such, the Board actively considers diversity of backgrounds, experience, skills, geography, and perspectives, including gender and cultural diversity, in the recruitment and nomination of directors” (2). TechnipFMC appears to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its recruitment. The company is seeking a 50% inclusive candidate pool (3). The company operates a supplier diversity program. “There are many initiatives that we do not measure in the Scorecard…and more formal initiatives, such as the launch of supplier diversity…” (4). The company 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:

TechnipFMC’s CEO Douglas J. Pferdehirt signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (1)(2). The company supports DEI and ESG within its business practices. From its 2024 Proxy Report: “Received the National Ocean Industries Association’s ESG Excellence Award, which recognized our commitment to Environmental, Social, and Governance (“ESG”) actions, including efforts in fair representation and inclusion and in energy transition technologies” (3). From its 2023 Proxy Report: “…we established a scorecard with an extensive set of ESG goals measured over 2021-2023 … The Scorecard contains data-driven metrics under each pillar of “E,” “S,” and “G,” and spans a variety of types of initiatives, including efforts to reduce greenhouse gas emissions, advance social governance initiatives such as gender diversity…” (4).

Criteria:

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

Risk Level:

Lower

Rationale:

TechnipFMC 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:

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