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
Supporting the UN Global Compact
Dril-Quip is an active signatory of the United Nations (UN) Global Compact and
supports the organization's Ten Principles on human
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, engaging in collaborative projects which
advance the broader objectives of the United Nations, particularly the Sustainable
Development Goals (SDGs), and reporting on our progress towards the Ten Principles
and SDGs to the stakeholders and the general public.
Sustainability begins with supporting the Ten Principles of
the UN Global Compact
that advance societal goals, across human rights, labor, environment, and
Dril-Quip and our subsidiaries (‘Dril-Quip’ or the ‘Company’) support universal human
rights described in the United Nations Universal Declaration of Human Rights.
While we believe governments have the primary responsibility for protecting and
upholding the human rights of their citizens, and we respect the sovereignty of
governments throughout the world, we recognize our responsibility to respect human
rights and are committed to preserving these rights within our operations. Further,
Dril-Quip recognizes that we can make a positive contribution to promoting human
rights by respecting the rights of people in the communities where we operate and
those of Dril-Quip suppliers and business partners and by opposing human trafficking
and the exploitation of children.
Dril-Quip supports the protection and safety of our employees. We are committed to
providing equal opportunities in all aspects of employment. We maintain policies
that prohibit discrimination or harassment based on race, color, national
origin, genetic information, religion, gender, pregnancy, marital status, sexual
orientation, age, disability, or military services. We maintain programs in the
United Kingdom to ensure compliance with the U.K. Modern Slavery Act and the U.K.
Gender Pay Gap requirements.
We have made commitments to the following labor and human rights issues:
- Human Trafficking and Forced Labor
- Fair Wages, Working Conditions, and Benefits
- Child Labor
- Diversity, Equity, and Inclusion
- Parental Leave
Sustainability has always been at the core of our operations. We believe our
technology enables customers to reduce operational and environmental risks and
empowers them to be more efficient, reducing their overall carbon footprint. It is
ingrained in our culture of the Power of e™ and exemplified by our
Green by Design™ solutions that link a focus on sustainability across our entire
product portfolio. We are committed to environmental stewardship by actively
engaging in sustainable practices throughout our operations and doing our part, as a
member of the greater energy industry, to deliver products that allow our customers
to responsibly provide greater access to affordable, reliable energy for people
At Dril-Quip, our reputation for conducting business lawfully and ethically
is essential to our continued success. Our policy is to comply with the
United States Foreign Corrupt Practices Act (FCPA), the U.K. Bribery Act, and all
other applicable laws against corruption.
Achieving Our Goals
At Dril-Quip, we rely on our people,
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:
We continuously engage with customers to
better understand their strategic priorities, centered mainly
around driving efficiency and reducing carbon emissions across
We invest heavily in R&D, as innovation
has been central to the evolutionary technologies that we have been
bringing to the marketplace since 1981.
We innovate based on the feedback and
needs of our customers and are continually improving our product portfolio to
offer game-changing technology.
We empower our customers to minimize
operational, health, and safety risks and reduce their carbon
We support our local communities and
foster the availability of clean, affordable energy to raise the
standard of living for all people with the technology that we build.