Environmental

YPF’s upstream-heavy asset base and Argentina’s carbon-intensive energy mix leave it structurally behind lower-emission peers, although transition initiatives can partially offset this gap.

Compared with international integrated majors, YPF has less diversified low-carbon exposure, which increases long-term regulatory and reputational risk across its operating footprint.

The company’s limited R&D intensity versus revenue suggests a narrower innovation base than peers investing more heavily in methane reduction, efficiency, and lower-carbon technologies.

Environmental performance is constrained more by sector and geography than by disclosed capital discipline, so YPF appears mid-pack rather than clearly advantaged versus peers.

Social

YPF operates in a labor- and community-sensitive sector, where local stakeholder expectations are high and can elevate social risk relative to peers with more diversified footprints.

As a major national energy company, YPF faces stronger scrutiny on community impact and access-to-energy expectations than many regional peers, increasing reputational exposure.

The company’s low stock-based compensation intensity does not materially distinguish its workforce alignment from peers, leaving social positioning dependent on broader labor relations and safety execution.

Overall social positioning appears average versus peers because structural stakeholder pressure is high, while disclosed indicators do not show a clear advantage.

Governance

YPF’s leverage metrics indicate manageable but meaningful balance-sheet pressure, which can constrain governance flexibility relative to peers with stronger capital structures.

As a state-influenced issuer, YPF typically faces more complex oversight and policy objectives than privately controlled peers, which can dilute governance clarity.

The company’s capital discipline appears adequate, but limited disclosure on board independence, controls, and ESG oversight prevents a stronger relative governance assessment.

Compared with global oil and gas peers, YPF looks broadly average on governance because structural state ownership offsets otherwise acceptable financial discipline.

Overall Score

YPF’s ESG positioning is broadly average versus peers, with structural environmental and stakeholder pressures offset by acceptable capital discipline and no clear severe governance weakness.

Score Driver: State-Influenced Ownership And An Upstream Carbon-Intensive Operating Profile