Alright thanks to everyone that provided some help I was able to get it with a few tricks with the suggestions here.
Here is my final query:
DECLARE @sample TABLE (field XML)
INSERT @sample
VALUES('Xml Code (sensitive information)')
SELECT c.value('(ParameterValue[Name ="TO"]/Value/text())[1]', 'nvarchar(max)') AS Emailreceipt, c.value('(ParameterValue[Name ="CC"]/Value/text())[1]', 'nvarchar(max)') AS EmailCopy,
c.value('(ParameterValue[Name ="RenderFormat"]/Value/text())[1]', 'nchar(3)') AS RenderFormat, c.value('(ParameterValue[Name="AKDunsNumber"]/Value/text())[1]', 'int') AS AKDunsNumber
FROM @sample AS smpl
CROSS APPLY smpl.field.nodes('/ParameterValues') T(c)