CoreWeave, Inc. Class A Common Stock (CRWV) — ESG & Values Scores

Environment story

CoreWeave's environmental profile reflects substantial operational carbon exposure from intensive data center operations and rapidly scaling power consumption (850 MW active power as of Dec 31, 2025, up from 70 MW in 2023), coupled with undisclosed Scope 1, 2, and 3 emissions metrics. The company explicitly acknowledges 'changing sentiment by government regulators relating to data center development, including in response to public concerns regarding electricity and water use, environmental impact and development' in risk factors. No disclosed net-zero target year, decarbonization commitments, or renewable energy percentage specified in filings. The MD&A mentions exploration of 'alternative energy solutions' and 'non-emitting sources of power' but provides no quantified progress, verified investments in physical decarbonization, or third-party validation. High data center density and GPU-intensive AI compute inherently drive elevated Scope 3 emissions from customer usage; rapid scaling suggests rising product-use emissions without mitigation disclosure. No evidence of greenwashing (e.g., carbon offset reliance) detected, but absence of material ESG disclosures prevents higher scoring.

Criticisms on file

Regulatory concern regarding environmental impact of data center expansion: Risk Factors acknowledge 'changing sentiment by government regulators relating to data center development, including in response to public concerns regarding electricity and water use, environmental impact and development, which may result in restrictive government regulation.'
Source: CRWV_10k.txt, Risk Factors section
Water consumption and environmental impact not disclosed: 10-K notes potential 'restrictive government regulation' in response to 'public concerns regarding electricity and water use' but provides no transparency on CoreWeave's own water usage or mitigation.
Source: CRWV_10k.txt, Risk Factors section

Disclosed initiatives

Alternative Energy Solutions Exploration

MD&A states 'We plan to continue to build out our access to power capacity and explore alternative energy solutions to support our growing capacity needs, including, but not limited to non-emitting sources of power.'

No quantified progress or implementation timeline disclosed; exploratory phase only.

Social story

CoreWeave demonstrates moderate social governance with disclosed executive compensation but significant gaps in workforce diversity transparency and labor relations disclosure. CEO-to-median-worker pay ratio not disclosed (prevents accurate calculation; assumed >100:1 based on CEO $750k salary and typical startup wage dispersion). No documented union-suppression activity or strikes within past 24 months identified in filings. Leadership diversity (board + executive team) appears limited: board includes male co-founders/executives (Intrator, Venturo, McBee) with limited visible gender/ethnic representation in disclosed officer roster; exact percentages not stated. No supply-chain human-rights audit, conflict-minerals policy, or labor-standards commitment disclosed. No formal DEI program disclosures, workforce demographic breakdowns (gender, race/ethnicity %, pay equity), or supplier diversity initiatives mentioned in 10-K or proxy. Turnover rate not disclosed. Executive stock-based compensation surge ($630M in 2025 vs. $31M in 2024) raises internal equity concerns relative to undisclosed median worker pay.

Criticisms on file

No disclosed DEI program or workforce demographic transparency: 10-K and proxy contain no mention of workforce gender, racial/ethnic diversity percentages, pay equity audits, or formal diversity initiatives.
Source: CRWV_10k.txt, CRWV_proxy.txt—absence of EEO-1 or diversity disclosures
Significant executive stock-based compensation inflation without transparent workforce equity baseline: Stock-based compensation to named executives totaled $630M in 2025 vs. $15M in cost of revenue, $221M in technology/infrastructure, raising internal pay-disparity concerns.
Source: CRWV_10k.txt, Results of Operations and stock-based compensation tables

Disclosed initiatives

Executive Compensation Transparency

Proxy discloses named executive officer base salaries, bonuses, and RSU awards; Compensation Committee applies market competitiveness and individual performance criteria.

Transparency for C-suite only; no corresponding workforce pay equity or median worker pay disclosure.

Governance story

CoreWeave exhibits material governance risk due to dual-class voting structure concentrating founder control, coupled with limited independent board composition and active lobbying disclosures. Class A and Class B share structure grants founders (co-founders Intrator, Venturo, McBee listed as Class III directors) disproportionate voting power; 10-K risk factor explicitly states 'The multi-class structure of our common stock has the effect of concentrating voting power with our Co-Founders... which will limit your ability to influence the outcome of important transactions, including a change in control.' Board independence stated as above 75% (proxy indicates Lead Independent Director appointed) but exact percentage not disclosed; founder presence on board (Intrator as CEO/Chairperson) reduces independence relative to best practice >80%. No disclosed lobbying spend or PAC contributions provided in 10-K/proxy; absence suggests either zero lobbying or non-disclosure. No active antitrust, SEC consent decrees, or material regulatory fines reported in filings beyond normal operating data center regulatory scrutiny. No shareholder proposals or contested governance issues disclosed in proxy materials examined.

Criticisms on file

Dual-class share structure concentrating founder voting power: Risk Factors explicitly warn 'The multi-class structure of our common stock has the effect of concentrating voting power with our Co-Founders... which will limit your ability to influence the outcome of important transactions.'
Source: CRWV_10k.txt, Risk Factors—'Risks Related to Our Business and Industry'
CEO dual role as Chairperson and founder: Michael Intrator serves as Chief Executive Officer, President, and Chairperson of the Board of Directors, concentrating executive and governance authority.
Source: CRWV_proxy.txt, Executive Officers section
No disclosed lobbying or political-contribution activity: 10-K and proxy materials contain no disclosures of lobbying spend, PAC contributions, or political stances, preventing assessment of regulatory-influence transparency.
Source: CRWV_10k.txt, CRWV_proxy.txt—absence of lobbying disclosures

Disclosed initiatives

Board Independence Structure

Proxy discloses Lead Independent Director role and annual self-evaluations of Board and committees; Nominating and Corporate Governance Committee conducts director nomination process.

Governance infrastructure present but undermined by dual-class voting concentration and founder-CEO chairperson role.
Annual Advisory Say-on-Pay Vote

Board recommends annual (one-year) frequency for non-binding say-on-pay votes on Named Executive Officer compensation.

Shareholder advisory mechanism in place; non-binding.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of CoreWeave, Inc. Class A Common Stock. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open CoreWeave, Inc. Class A Common Stock in the app for interactive charts and portfolio building.

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