Saudi Arabian Oil Group (Aramco) — Ethics Grade F

Saudi Arabian Oil Group (Aramco) receives an overall ethics grade of F (12/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 20
• privacy: 30
• consumer: 40
• environment: 5
• humanRights: 10

Documented incidents (4)

• World's Largest Carbon Emitter (high, 2019) — Saudi Aramco was identified by the Guardian and climate researchers as the single largest corporate contributor to global carbon emissions since 1965. The company accounts for over 4% of all global industrial greenhouse gas emissions.
• Misleading Climate Claims (high, 2023) — UN experts and environmental groups criticized Aramco for its 'net zero' claims while simultaneously planning massive expansions in oil production. The company was accused of using offset mechanisms that do not address the scope 3 emissions of the fuel sold.
• Migrant Labor Abuse (high, 2021) — Human rights organizations documented the mistreatment of migrant workers in Aramco's infrastructure projects. Reports cited issues including non-payment of wages, cramped living conditions, and restrictions on movement under the kafala system.
• Data Breach and Ransom Demand (medium, 2021) — Aramco confirmed that a large quantity of proprietary company data was leaked by a third party. The hackers demanded $50 million in cryptocurrency to delete the files, which included personal data and project blueprints.

Documented good deeds

• Carbon Capture Hub — Developing one of the world's largest Carbon Capture and Storage (CCS) hubs with the aim of storing 9 million tonnes of CO2 per year by 2027.

Ethical alternatives

• Ørsted A/S — Transitioned from fossil fuels to 90%+ renewable energy generation.