Committed to Creating a Sustainable Future for All Stakeholders
We recognize our responsibility and opportunity to build a more sustainable world for future generations, and we will continue to innovate, evolve, and carefully manage our environmental, social, and governance (ESG) priorities to ensure we play our part. By fully integrating sustainability into our business strategy and decision-making, we can create a sustainable future for our Company, employees, and planet.
We are taking the necessary actions to drive our commitment to become Net-Zero by 2050 while producing innovative energy solutions that are environmentally and economically sustainable to move our industry forward. For example, we continue to:
- Focus on a scalable energy transition and our digital portfolio to address the sustainability needs of the industry;
- Improve tracking and quantification of facility improvement impacts, identifying decarbonization opportunities in the supply chain, and further assessing the environmental impact of our products and technologies to drive further improvements in their commercialization process;
- Evolve our tactical Net-Zero 2050 Roadmap with defined pathways and projects through to 2035; and
- Refine our Climate Risk Assessment, Scenario Analysis, and Financial Impact Analysis project.
To support our social and governance objectives, we are:
- Committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption;
- Deploying a new Human Capital Management system and investing in training to grow our internal talent pipeline further to support the industry;
- Continuing to invest in our local communities through philanthropy and volunteerism; and
- Further transforming our end-to-end Supplier Risk Management platform, inclusive of ESG.
In the near future, we look forward to sharing our 2023 Sustainability Report with our valued stakeholders at www.weatherford.com/sustainability. The report will detail our strategic approach to advancing ESG objectives and highlight our recent accomplishments. We will keep you informed of our continued progress as we work to advance our ESG strategies and make progress on our Net-Zero commitments.