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Ovintiv (OVV) ESG Score & Sustainability Data

Ovintiv logo
$43.79 -0.93 (-2.08%)
(As of 11/15/2024 ET)
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Key ESG Takeaways for Ovintiv

The key takeaways are AI-generated and highlight the main contributors behind the net impact scores of Ovintiv. The insights are based on millions of scientific articles, along with the company-specific product and service portfolio.
  • Ovintiv seems to create the most significant positive value in categories , , and . The largest positive contribution comes from its impact, which is mostly driven by its Natural gas drilling services, Oil well natural gas, Oil drilling services, and Conventional natural gas products.
  • Ovintiv uses resources or causes negative impacts mostly in categories , Non-, and . The largest negative impact of Ovintiv in category seems to be driven mostly by its Oil exploration services, Oil trade, Conventional crude oil, Natural gas drilling services, and Conventional natural gas products.
  • To improve its net impact, a company can either grow its positive impacts, or reduce its negative impacts. For example, by doubling its Natural gas exploration services business, Ovintiv would improve its net impact ratio by 7 percentage points.

OVV Impact Ratio

Net impact ratio represents the net impact of a company. It is defined as the (positive impacts - negative impacts) / positive impacts. The maximum value for net impact ratio is 100%, representing a theoretical company with no negative impacts. The minimum value is -∞. Net scores depend on the value sets that determine the importance of different impact categories.
-118.4%
The default value set, where each category is given the same weight.

Value Sets Value sets can be used to assess how different stakeholder values or emphasis on certain values might affect the net impact ratio.

Millennials
Value set of millennials (b. 1980 - 1999), based on Upright's annual Impact at Work survey.
-50.2%
Most Wanted Workforce
Value set of the most wanted workforce, based on Upright's annual Impact at Work survey.
-151.7%
Society First
Value set that emphasizes society impacts over other impacts.
-62.2%
Knowledge First
Value set that emphasizes knowledge impacts over other impacts.
-45.6%
Health First
Value set that emphasizes health impacts over other impacts.
-179.9%

Ovintiv ESG Score + Net Impact Profile

ImpactNegativeScorePositive
+0.38
+0.38
+1.03
+1.03
+2.71
+2.71
-0.82
-0.81
+0.01
-0.02
-0.02
+0.00
+0.01
+0.01
+0.31
+0.31
-0.00
+0.01
+0.01
-0.64
-0.64
-0.84
-0.77
+0.07
-0.06
-0.06
+0.00
+0.01
+0.01
-0.00
+0.02
+0.02
-0.13
-0.10
+0.03
-4.30
-4.23
+0.07
-1.36
-1.32
+0.04
-0.27
-0.27
+0.00
-1.29
-1.29
+0.00
-0.54
-0.53
+0.01

Upright Model Version 1.3.0
ESG Data Last Updated: December 5, 2023

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About Upright's Net Impact Model

Upright Model

Upright's Net Impact Data quantifies the holistic value creation and impact of companies. It details both the negative and positive impacts a company has on the environment, health of people, society and knowledge, and forms a net sum of these costs and gains based on the economic costs of each impact category. The data is produced by Upright's Net Impact model, which is a mathematical model of the economy that produces continuously updated estimates of the net impact of companies by means of an information integration algorithm. The data is primarily sourced from the CORE open access database, which contains over 200 million scientific papers. Other sources of data include open databases published by the World Bank, IMF, WHO, OECD, IPCC, CDC and USDA.

Ovintiv ESG Score - Frequently Asked Questions

How is Ovintiv doing in terms of sustainability?

According to The Upright Project, which measures holistic value creation and impact of companies, Ovintiv has a net impact ratio of -118.4%, indicating an overall negative sustainability impact. Ovintiv seems to create the most significant positive value in the categories of Societal infrastructure, Taxes, and Jobs. Ovintiv uses resources or causes negative impacts mostly in the categories of GHG emissions, Non-GHG emissions, and Biodiversity. Learn more on the sustainability of Ovintiv.


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This page (NYSE:OVV) was last updated on 11/17/2024 by MarketBeat.com Staff
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