Tidewater Inc. (TDW) — ESG & Values Scores

Environment story

Tidewater derives substantial revenue from offshore oil and gas support services, creating inherent alignment with fossil-fuel demand. The company acknowledges climate transition risks and sustainability reporting requirements in its 10-K but discloses no quantified Scope 1, 2, or 3 emissions data, no net-zero target date, and no verified decarbonization infrastructure investments. The 10-K cites multiple climate-related regulatory and reputational risks but lacks concrete mitigation pathways. Severe weather exposure in the US Gulf, Caribbean, North Sea, and Asia-Pacific is documented; however, no emissions-reduction initiatives or renewable-energy transition strategy are detailed. The company faces greenwashing risk due to inability to demonstrate operational carbon reduction versus offset reliance.

Criticisms on file

Undisclosed Scope 1, 2, and 3 emissions; no net-zero target year; no quantified decarbonization targets or operational emissions-reduction initiatives documented.
Source: TDW 10-K Risk Factors section; Sustainability Reporting and Climate Change disclosure.
Severe weather exposure and physical climate risk in US Gulf, Caribbean, North Sea, Asia-Pacific operations; potential for increasing frequency/severity of weather events cited as material risk.
Source: TDW 10-K Risk Factors: 'At certain locations where we operate, severe weather events, including conditions believed to be associated with climate change, have in the past and may in the future adversely affect our operations and financial results.'
Climate regulation and divestment risk explicitly acknowledged; company notes potential for government investigations and litigation from climate-related claims against oil and gas companies.
Source: TDW 10-K Risk Factors: 'Factors associated with climate change and sustainability matters...could adversely affect our business, reputation, results of operations and financial position.'

Disclosed initiatives

Sustainability Reporting Framework

Company communicates sustainability performance and goals in annual Sustainability Report; however, no specific quantified targets or infrastructure investments are disclosed in the 10-K.
Climate Risk Integration

Company states it considers and integrates climate change-related issues into strategy, planning and risk management processes; long-term supply, demand and energy price forecasts are climate-adjusted.
Energy Transition Engagement

Company indicates engagement with customers to develop solutions supporting their oil and gas operations through the energy transition; specifics are not disclosed.

Social story

Tidewater acknowledges workforce challenges including competition for skilled offshore personnel, inflationary labor cost pressures, and cyclical industry employment losses. The company discloses unionized workforce presence in certain locations subject to collective bargaining, with documented risk of work stoppages and increased costs. No specific diversity metrics (executive/board gender or underrepresented racial groups), CEO-to-worker pay ratios, or turnover rates are disclosed. The 10-K notes multi-employer pension plan exposure in the UK and Jones Act coverage for certain employees, but no supply-chain labor audits, human-rights policies, or living-wage commitments are detailed. Union standing appears neutral based on risk-factor language, with no evidence of active suppression or collaboration.

Criticisms on file

No diversity metrics disclosed; CEO-to-worker pay ratio undisclosed; turnover rate undisclosed.
Source: TDW 10-K; absence of specific diversity, compensation, or turnover data.
Unionization risk and work-stoppage threat explicitly stated; company faces periodic collective bargaining negotiations and potential strikes that could increase costs and disrupt operations.
Source: TDW 10-K Risk Factors: 'We may be subject to additional unionization efforts, new collective bargaining agreements or work stoppages.'
Industry-wide cyclical job losses; company notes significant loss of experienced professionals over the years due to volatility in oil and gas prices.
Source: TDW 10-K Risk Factors: 'Our industry has lost a significant number of experienced professionals over the years due to its cyclical nature.'
No documented supply-chain labor audits, conflict minerals policy, modern slavery statement, or living-wage commitments disclosed.
Source: TDW 10-K; absence of human-rights or supply-chain ethics disclosures.

Disclosed initiatives

Personnel Attraction and Retention Strategy

Company acknowledges need to offer competitive compensation and benefits to attract top talent in response to industry cyclicality and labor shortage; increasing compensation levels in response to inflation and competition.
Multi-Employer Pension Plan Participation

Certain subsidiaries participate in industry-wide, multi-employer defined benefit pension plans in the UK; contributions and unfunded obligations shared among plan participants.
Jones Act Compliance and Employee Protections

Certain employees covered by Jones Act, Death on the High Seas Act, and general maritime law, which preempt state workers' compensation and permit federal tort claims.

Governance story

Tidewater discloses no board-independence percentage, dual-class share structure, annual lobbying expenditure, or active antitrust/regulatory-fine summary in the 10-K. The company acknowledges Jones Act compliance requirements and foreign-ownership restrictions in its Certificate of Incorporation, limiting certain shareholder actions but not creating dual-class voting disparity. Extensive regulatory and compliance risks are noted (FCPA, anti-bribery, GDPR, cybersecurity) with no evidence of material fines or consent decrees in the provided documents. No lobbying activities targeting climate deregulation or consumer-protection rollbacks are disclosed. The company does not disclose activist shareholder proposals or board composition data, limiting transparency on governance maturity.

Criticisms on file

Board independence percentage undisclosed; board composition and independence metrics not provided in 10-K.
Source: TDW 10-K; absence of board governance disclosures.
Lobbying expenditures and political-contribution activity undisclosed; no PAC or political-spending transparency provided.
Source: TDW 10-K; absence of political-spending or lobbying disclosures.
FCPA and anti-corruption compliance risk acknowledged; company notes potential liability for actions of local partners/agents and challenges in high-corruption geographies.
Source: TDW 10-K Risk Factors: 'With our extensive international operations, we are subject to certain compliance risks under the Foreign Corrupt Practices Act...'
Cybersecurity breach history acknowledged but stated to have no material impact to knowledge; ongoing cyber-intrusions and attacks expected to continue.
Source: TDW 10-K Risk Factors: 'We have experienced, and expect to continue to experience, cyber intrusions and attacks...'
No shareholder proposal data, activist engagement activity, or board-independence certification disclosed in 10-K.
Source: TDW 10-K; absence of proxy or shareholder-proposal disclosures in provided document.

Disclosed initiatives

FCPA and Anti-Bribery Compliance Program

Company has adopted proactive procedures to promote compliance with FCPA, UK Bribery Act, UN Convention Against Corruption, and Brazil Clean Company Act; acknowledges risk of liability for local partners/agents.
Cybersecurity Risk Management

Company maintains cybersecurity insurance and has designed risk-management programs to prevent or limit effects of cyber incidents; monitors third-party provider security.
Jones Act Compliance Framework

Board has established rules and procedures to ensure compliance with Jones Act foreign-ownership restrictions; monitors non-U.S. Citizen shareholding levels.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Tidewater Inc.. 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 Tidewater Inc. in the app for interactive charts and portfolio building.

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