Company Directory - Babcock & Wilcox Enterprises, Inc.
Company Details - Babcock & Wilcox Enterprises, Inc.
Babcock & Wilcox Enterprises, Inc.
WebsiteAkron, United States
Babcock & Wilcox Enterprises, Inc. is a company based in Akron, Ohio that provides maintenance and service work at power plants and industrial facilities. The company specializes in supporting power generation assets with a focus on reliable operations and maintenance services.
CCI Score
CCI Score: Babcock & Wilcox Enterprises, Inc.
3.01
Latest Event
Combating Modern Slavery in Supply Chain
The article details Babcock’s commitment to addressing modern slavery within its supply chain by implementing a Modern Slavery Transparency Statement and Supplier Code of Conduct, aimed at ensuring ethical sourcing and protecting human rights.
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OBJECTOR
Babcock & Wilcox Enterprises, Inc. is currently rated as an Objector.
Latest Events
- MAR012025
The article details Babcock’s commitment to addressing modern slavery within its supply chain by implementing a Modern Slavery Transparency Statement and Supplier Code of Conduct, aimed at ensuring ethical sourcing and protecting human rights.
+80
Supply Chain Ethics
March 28
The initiative demonstrates a strong commitment to supply chain ethics by actively addressing modern slavery and enforcing ethical standards among its suppliers. This proactive approach enhances transparency and protects human rights across its supply chain, aligning with progressive, anti-authoritarian labor practices.
- FEB062025
Babcock & Wilcox Enterprises contributed $2,500 to federal candidates during the 2023-2024 election cycle, as reported by OpenSecrets with data released by the FEC on February 06, 2025.
-20
Political Contributions and Lobbying Efforts
March 28
The company’s $2,500 PAC contribution, while modest in size, represents corporate political financing that can skew democratic processes. Such financial engagement often aligns corporate interests with political outcomes, potentially favoring policies that undermine labor rights and democratic accountability.
Babcock & Wilcox Enterprises PAC Contributions to Federal Candidates • OpenSecrets
- NOV132024
On November 13, 2024, the NLRB issued a decision declaring that employers cannot compel employees to attend captive audience meetings advocating anti-union views. This ruling directly overruled the 1948 precedent set by Babcock & Wilcox Co., exposing a historical practice that pressured workers and suppressed their union rights.
-80
Labor Relations and Human Rights Practices
March 28
The 1948 precedent established by Babcock & Wilcox Co. allowed employers to mandate attendance at ‘captive audience meetings’ that interfered with workers’ statutory rights to decide on union participation. This authoritarian labor practice, now overturned by the NLRB decision, exposes an enduring legacy of anti-worker policies tied to the company's historical practices.
NLRB Removes Employers' Ability to Advocate to Remain Union Free: Long-Standing Precedent Rebuked
- NOV132024
On November 13, 2024, the NLRB ruled that requiring employee attendance at meetings to promote union views under threat of discipline violates the NLRA. This decision explicitly overruled the decades-old precedent set by Babcock & Wilcox Co. in 1948, criticizing past practices that compromised employees' rights.
-70
Labor Relations and Human Rights Practices
March 28
The NLRB ruling overturns the legacy practice established by Babcock & Wilcox in 1948, which permitted captive-audience meetings that coerced employees into union discussions under threat of discipline. This decision underscores historical shortcomings in labor practices and reflects an authoritarian, anti-worker approach that is now condemned. The ruling, aimed at protecting worker rights and ensuring voluntary participation, highlights the need for companies to adhere to fair labor standards.
Breaking News: NLRB Overrules Decades-Old Precedent on Captive-Audience Meetings
- JAN012024
OpenSecrets data indicates that Babcock & Wilcox Enterprises raised $9,879 in the 2023-2024 election cycle, reflecting its engagement in political contributions and lobbying without clear ideological bias toward authoritarian or far‐right agendas.
+0
Political Contributions and Lobbying Efforts
January 1
The reported PAC contributions demonstrate basic political participation. The modest donation of $9,879 is recorded as part of the company's involvement in the political process. There is no evidence from the data that these contributions are directed to far-right or authoritarian causes, resulting in a neutral score from an anti-fascist perspective.
- JAN012024
Babcock & Wilcox released its 2024 Environmental, Social & Governance report that outlines comprehensive commitments to human rights, fair labor practices, environmental sustainability, clean energy technology, and community engagement. The report details adherence to the United Nations Global Compact and outlines initiatives such as Target Zero Safety, responsible supply chain management, and clean energy innovations.
+30
Public and Political Behavior
March 28
Babcock & Wilcox demonstrates clear alignment with international human rights and fair labor practices by adhering to the United Nations Global Compact. Their report emphasizes transparency and ethical engagement with diverse stakeholders, reinforcing their commitment to principled public and political behavior.
PDF ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT - Babcock & Wilcox Investor
+40
Business Practices and Ethical Responsibility
March 28
The report outlines robust and responsible business practices including strong labor relations, adherence to ethical codes of conduct, supply chain due diligence, and proactive diversity and inclusion measures. These initiatives positively impact the company’s ethical responsibility and are aligned with progressive, anti-authoritarian practices.
PDF ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT - Babcock & Wilcox Investor
+35
Technology and Services Impact
March 28
Babcock & Wilcox is advancing clean energy technologies such as carbon capture and hydrogen production which contribute to environmental sustainability and support the energy transition. This technological commitment has a positive impact on communities and the environment, aligning with progressive values.
PDF ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT - Babcock & Wilcox Investor
- NOV282023
On November 28, 2023, Babcock International Group published its Human Rights Policy outlining commitments to fair labor practices, diversity and inclusion, and ethical sourcing along the supply chain. This policy emphasizes prevention of modern slavery, respect for employee rights, and adherence to global human rights standards.
+80
Labor Relations and Human Rights Practices
March 28
The Human Rights Policy demonstrates a strong commitment to protecting human rights and promoting fair labor practices. It includes comprehensive measures on employee rights, safe working conditions, and anti-modern slavery actions, which align with progressive, anti-authoritarian standards. Such policies are crucial in countering exploitative practices and promoting ethical business conduct.
- FEB152023
On February 15, 2023, Babcock & Wilcox Enterprises reached a settlement in the case Parker v. Avril et al., where allegations were made that the company's board and controlling shareholders failed to properly discharge their fiduciary duties during the 2019 Rights Offering, disadvantaging minority shareholders. The settlement provides for a payment of $4.75 million to eligible class members and $4.75 million to the company.
+40
Business Practices and Ethical Responsibility
March 28
The settlement addresses significant allegations of fiduciary misconduct that disadvantaged minority shareholders. Although the case exposed problematic corporate governance, the resulting settlement and compensation serve as an accountability measure that supports ethical business practices and protects vulnerable shareholder interests.
- JAN012023
Babcock & Wilcox Enterprises spent $320,000 on lobbying in 2023, according to OpenSecrets data, indicating significant corporate political activity.
-30
Political Contributions and Lobbying Efforts
March 28
The company's expenditure of $320,000 on lobbying in 2023 demonstrates a deliberate effort to influence political processes. Such political spending can be used to shape policy in ways that may undermine democratic accountability and favor corporate interests over public good, aligning with tendencies that support authoritarian approaches.
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Industries
- 332410
- Power Boiler and Heat Exchanger Manufacturing
- 333618
- Other Engine Equipment Manufacturing
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- Engineering Services