Diversity, equity, and inclusion (DEI) in our workplace broadens thinking and stimulates innovation.

At Dril-Quip, we are committed to building a diverse, inclusive, engaged, and empowered workforce. Our DEI framework outlines our strategy on how we will build, grow, and sustain an inclusive work culture. This framework broadens our thinking, stimulates innovation, impacts how we act and what we do, and opens our minds to be more creative and collaborative.

A diverse workforce leads to different perspectives, directly influencing our ability to build better products and approach problems and challenges differently. It facilitates innovative problem solving and solutions for our customers while helping us to attract new customers and open doors to new markets.

DIVERSITY

Anything that sets one individual apart from another, including the full spectrum of demographic differences and the different ideas, backgrounds, and opinions people bring1.

EQUITY

Fair treatment for all while striving to identify and eliminate inequities and barriers1.

INCLUSION

A cultural and environmental feeling of belonging and a sense of uniqueness. It represents the extent to which employees feel valued, respected, encouraged to participate fully, and able to be their authentic selves1.

Our DEI framework guides the organization in developing an inclusive culture at all levels. It defines our strategy and commitment to building a supportive and inclusive workplace by identifying measures of accountability across the entire organization. These responsibilities reflect how we will integrate these values into our business framework.

DEI Roles and Responsibilities

Executive Team

  • Sponsors ERGs*
  • Articulates the importance of DEI, ethics, and honesty
  • Acts as an ally
  • Sponsors educational opportunities
  • Monitors DEI metrics

Managers

  • Act as an ally
  • Ensure development plans are created and executed
  • Hold people accountable for behaviors
  • Recognize role models

Human Resources

  • Identify role models
  • Identify potential blind spots
  • Provide coaching
  • Promote ERGs and community involvement
  • Lead training, where needed
  • Monitor DEI Dashboard metrics
  • Acts as an ally

Employees

  • Participate in training
  • Contribute to a positive work environment
  • Get involved in ERGs and community activities
  • Act as an ally – see something, say something
*Employee Resource Groups

At Dril-Quip, DEI is more than just increasing our numbers of diverse people; it is about embedding diversity in our corporate culture to achieve better results in the following areas:

  1. Attracting top talent
  2. Driving higher retention and discretionary efforts
  3. Increasing employee engagement

We have committed to policies and practices that support a diverse, equitable, and inclusive environment where people feel respected. We are supporting this through training and various Company and community activities.

Education is an essential component of our DEI Framework and strategy. Employees at every level engage in online and in-person training on best practices and the values of our Company. Training provides employees with a knowledge and understanding of our DEI objectives, awareness, acceptance, and tools to action and address inclusion day-to-day.

Equal Opportunity and Nondiscrimination

Dril-Quip has a long-standing commitment to transparency and nondiscriminatory employment. We provide all applicants and employees fair and equitable consideration and treatment in all matters related to employment, benefits, training, compensation, and other privileges and conditions of employment regardless of race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, ethnicity, disability, veteran status, or any other basis that is protected under applicable law.

Our People

With a global workforce in the U.S., Europe, Latin America, and Asia Pacific, we believe our global workplace supports diversity, equity, and inclusion across our entire operations.

2021 Headcount by Region*

51% (↑2%)

of our workforce is international

18+

countries in which we operate

2021 Headcount by Region *Note: The percentages in the map above reflect the areas with the largest employee populations.

As part of Dril-Quip’s DEI initiative, we are dedicated to improving female and minority representation across the organization and in leadership positions. The Company is committed to recruiting and developing tomorrow’s leaders and providing opportunities for employee development, education, and training throughout their careers.

Female Representation

In 2021, we saw growth in the representation of females across the organization. In 2021, female representation from new hires increased by 5% in one year. As a result of continuing our focus on career development through training and succession planning, the percentage of women in first- and mid-level management roles increased.

13% (↑1%)

of our employees are female

25% (↑5%)

of global hires in 2021 were female

26%

of our executives and senior management roles have been filled by women

Racial Ethnicity – U.S.

In 2021, 27% of employees hired self-identified as part of a minority group, and we saw an increase in representation in employees identifying as Asian, Black, and Hispanic ethnic groups.

55%

of our U.S. employees are from an ethnic minority background


1 The Three A’s of Inclusion: Awareness, Authenticity and Accountability by Ellen Bailey, Andrea Lipton, Janice Miller, and Susan Moll from Harvard Business Publishing – Corporate Learning