ENGLOBAL CORP is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
ENGlobal Corporation provides engineering, procurement, fabrication, and construction services specifically to the fossil fuel industry. The company serves upstream, midstream, and downstream oil, gas, and petrochemical markets, designing and building hydrocarbon transportation and distribution systems globally. Its business model is entirely focused on enabling fossil fuel infrastructure.
The company’s public materials position it as a “complete and leading specialty provider” to the energy sector, with no announced transition plan away from fossil fuels. While industry discussions note a potential future shift to hydrogen, ENGlobal’s current operations and service offerings remain dedicated to supporting and expanding fossil fuel extraction, transport, and processing.
ENGlobal Corp provides engineering, fabrication, and construction services primarily to the upstream oil and gas sector. The company's strategic focus is on supporting exploration, extraction, and production operations for fossil fuel clients. This business activity is central to its operations, as evidenced by its 2010 acquisition of CDI, which was explicitly described as providing "a strategic entry into the upstream energy sector."
The available evidence, while dated, consistently frames ENGlobal as an oil and gas services company. Executive biographies link its leadership to tenures at major fossil fuel firms like Exxon, and the company is listed alongside other energy service providers in industry contexts. However, specific, current data on revenue concentration, client lists, or project portfolios is absent from the provided materials. This lack of contemporary, detailed evidence regarding the scale and materiality of its upstream fossil fuel work necessitates a review of the exclusion's basis.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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