Forum Energy Technologies, Inc.
Industry Group: Energy Services
Country/Region: United States of America
Identifier: NYS:FET
Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole which is also its key revenue generating segment, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors among others.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Energy Services 81 out of 106
Universe
Global Universe 11505 out of 15100
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Gulf Marine Services PLC |
27.4
Medium
|
54 out of 106 |
Forum Energy Technologies, Inc. |
32
High
|
81 out of 106 |
Seacor Marine Holdings, Inc. |
34.7
High
|
97 out of 106 |
KLX Energy Services Holdings, Inc. |
38.3
High
|
104 out of 106 |
Mammoth Energy Services, Inc. |
41
Severe
|
106 out of 106 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Forum Energy Technologies, Inc.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Forum Energy Technologies, Inc.'s Management of ESG Material Risk is Average