Shaping Tomorrow, Today
By keeping sustainability principles and stakeholder value creation at the forefront of our decision-making, we aim to balance innovation with environmental responsibility, ensuring transformative progress for our Company and our industry.
Our commitment to achieving Net-Zero by 2050 guides our innovation and decision-making, informing our approach to energy solutions that balance both environmental and economic drivers. To support this ambition, we are:
- Supporting the industry's transition to scalable energy solutions, leveraging digital capabilities, and seeking collaborative partnerships to meet evolving needs.
- Advancing the Net-Zero 2050 Roadmap, refining pathways and initiatives to further progress toward the 2050 Scope 1 & 2 targets.
- Deepening assessments of climate-related risks and opportunities and enhancing strategies to anticipate long-term impacts and refine decision-making.
- Enhancing tracking and evaluation of facility improvements, uncovering decarbonization opportunities across the supply chain and optimizing the environmental impact of our products and technologies.
To further our environmental, social, and governance strategy, we are:
- Assessing Double Materiality, identifying both financial risk and opportunity, as well as potential environmental impacts across widespread ESG topics in preparation for regulatory disclosure in multiple jurisdictions where we operate, as well as pivoting our strategy and programming where required.
- Continuing to align with the UN Global Compact Sustainable Development Goals, incorporating its principles across human rights, labor, environmental sustainability, and anti-corruption efforts.
- Optimizing our new Human Capital Management system to enhance workforce management processes and support the growth of our internal talent pipeline.
- Maintaining our focus on supporting local communities through philanthropy, volunteerism, and employee-led initiatives.
- Enhancing our human rights due diligence efforts to remain compliant with the evolving regulatory landscape to prevent adverse impacts across our value chain.
- Strengthening our compliance programs through enhanced oversight, engagement, and training. Key efforts include third-party risk awareness, improved Sales Channel Partner monitoring, joint Ethics and Trade Compliance Pulse Checks, and an expanded training platform.
Our 2024 Sustainability Report will soon be available for our valued stakeholders at www.weatherford.com/sustainability. We remain committed to keeping you informed of our advancements in this space and the impact of our corporate strategies on the same.