“Environmental, Social and Governance (ESG) is an important focus area at Dril-Quip®. We are committed to operating in a manner that promotes human rights, health and safety, and ethical behavior in all the countries in which we conduct business, reducing our own greenhouse gas emissions footprint, and helping the world transition to a low-carbon future.”– Jeffrey J. Bird, Chief Executive Officer
These underlying core values guide our focus to ensure sustainability is embedded across all our operations as a company. We work closely with our partners and our stakeholders to improve energy efficiency globally and reduce the carbon footprint across the world.
We believe technological innovation is key to improving energy efficiency and providing people around the world with universal access to reliable, affordable, clean energy. By doing so, we stimulate economic growth and enhance the standard of living for all, improving health and creating employment opportunities globally.
On February 8, 2021, Dril-Quip® joined the United Nations (UN) Global Compact as a signatory, and now supports the organization's Ten Principles on human rights, labor, environment and anti-corruption as a Participant.
We are committed to incorporating these principles into the culture, strategy and day-to-day operations of our company, and to engaging in collaborative projects which advance the broader objectives of the United Nations, particularly the Sustainable Development Goals (SDGs).
Sustainability begins with supporting the Ten Principles of the UN Global Compact that advance societal goals, across human rights, labor, environment and anti-corruption.
Dril-Quip® does not tolerate the use of child labor or forced labor and expects that the business and all affiliated partners across our Supply Chain adhere to the same ethical standards.
With 29 unique nationalities represented among Dril-Quip® employees, we remain committed to supporting diversity to further drive innovation worldwide.
Dril-Quip® has dedicated R&D resources to help drive technological innovation to:
Dril-Quip® does not tolerate bribery or corruption in any form and expects the utmost integrity and professionalism throughout our entire organization. Our leadership is held to the highest standards.
The 2030 Agenda for Sustainable Development was adopted by all United Nations Member States in 2015 as a shared blueprint to eradicate poverty, protect the planet and promote peace. At the heart of this Agenda are 17 Sustainable Development Goals (SDGs), that are a call to action to make a more sustainable future.
Dril-Quip® is already making meaningful contributions to four of the United Nation's Sustainable Development Goals — SDGs 4, 5, 7 and 13 — and will regularly update our progress here on our website.
Lack of science, technology, engineering and math (STEM) learning opportunities is a critical equity issue in education, particularly for students in urban and rural communities. This deficiency could have a long-term impact on the development of technological innovation in the future.
Dril-Quip® believes that children, regardless of where they live, should have access to STEM education. We are strongly committed to working with the American Society of Mechanical Engineers' INSPIRE STEM Readiness program to support the local community and encourage future engineers. This classroom-based program provides learning experiences to kindergarten through 12th-grade students who otherwise might not have been exposed to engineering career opportunities.
Gender inequality continues to persist globally, as women continue to be underrepresented across all levels of business and political leadership. The empowerment of women is critical to social and economic progress, yet women still represent less than 30% of managerial positions worldwide. The effect of COVID-19 has only exacerbated the inequality.
Dril-Quip® is very committed to supporting gender equality and empowering women through mentoring and career development throughout the workforce. In addition, a core priority for the STEM education initiative has been to increase diversity and inclusion across engineering disciplines.
Three billion people today lack access to healthy, clean cooking facilities, which poses serious socioeconomic and health concerns. This further exacerbates inequality, especially towards women and children. With operations around the world, Dril-Quip® is committed to providing more universal access to clean, affordable, and reliable energy to those who do not have it today.
Climate change is impacting the entire world. Dril-Quip® is committed to investing in the clean energy transition and remains focused on finding low-carbon solutions that are more energy-efficient, reliable and affordable. Our efforts are being led by a global, cross-functional set of experts in product development, strategy, marketing and operations.
At Dril-Quip®, we rely on our people, processes and technologies to achieve our long-term environmental, social and corporate governance objectives.
These strategic elements are critical to driving sustainability across core operations, supported by risk management and guided by strong leadership.
Dril-Quip® has always focused on developing solutions that benefit our customers, including products that are lighter, more compact, require less hardware and reduce time to first oil, which naturally contribute to lower carbon emissions. In step with our customers, we are aligning our capabilities to further focus on carbon reduction during the energy transition.
A Straightforward Approach
Dril-Quip®'s approach to developing products that align with our commitment to UN SDGs is straightforward:
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