Materiality Matrix

As Dril-Quip examines ways to improve sustainability across our operations internally, we regularly review our medium to long-term sustainability priorities based on the materiality of these factors, accounting for both our own and stakeholders' expectations and overall societal demands. A summary of these material priorities is outlined below and is routinely evaluated to account for changes in priorities and our progress towards achieving our goals.

Dril-Quip's Materiality Matrix

Stakeholder Mapping

Stakeholder Focus Areas Dril-Quip Engagement
Communities
  • Community engagement
  • Diversity, equity, and inclusion
  • Human rights
  • Water and waste management
  • Biodiversity
We seek to positively impact the local communities where we operate. We recently became a sponsor of the ASME Inspire STEM education program and have contributed to other local community projects that support access to clean energy, healthcare, and infrastructure in the local communities where we operate.
Customers
  • Low carbon footprint
  • Energy efficiency
  • Product quality
  • Technological innovation
  • Supply chain resiliency
  • Risk and crisis management
Dril-Quip has always enabled and empowered customers to work faster, smarter, and safer while improving well economics and reducing environmental, safety, and operational risks. We work closely with our customers to understand their needs and collaborate to build solutions based on their feedback. As a result, we created our Green by Design™ initiative to provide innovative products that support our customers' goal to achieve carbon neutrality. That is the Power of e.
Employees
  • Diversity, equity, and inclusion
  • Workplace health and safety
  • Talent retention and outreach
  • Employee engagement
  • Employee training and resources
  • Risk and crisis management
We highly value and support the professional development of our international workforce and communicate regularly with employees through global town hall meetings. We also pride ourselves on having industry-leading HSE standards that help us progress towards our target of GOAL ZERO.
Investors
  • Business/financial performance
  • Environmental impact
  • Diversity, equity, and inclusion
  • Workplace health and safety
  • Product quality
  • Regulatory and public policy management
  • Corporate governance
  • Risk and crisis management
  • Business ethics and transparency
We communicate often and directly with our stakeholders. We actively engage with them through SEC filings, press releases, regular calls and investor meetings, annual shareholder meetings, fireside chat webcasts, energy conferences, presentations, and events.
Suppliers
  • Data privacy and security
  • Diversity, equity, and inclusion
  • Human rights
  • Workplace health and safety
  • Product quality
  • Supply chain sustainability
  • Business ethics and transparency
We foster relationships with diverse suppliers and engage with various community groups to build local content relationships. We comply with standards and regulations by conducting regular supply chain audits.
Governments
  • Environmental impact
  • Human rights
  • Regulatory and public policy compliance
  • Business ethics and transparency
As an international company, we actively engage with and monitor the rules and regulations in the regions and countries where we operate.
Non-Governmental Organizations
  • Environmental impact
  • Human rights
  • Health, safety, and wellness
  • Business ethics and transparency
We regularly consult with various non-governmental organizations (NGOs) to gain valuable information and perspectives on relevant environmental and social issues.

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