Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Employee Retention
• ESG Initiatives (e.g., Bifuel/highline power usage)

Social Achievements

• Improved safety performance (TRIR)
• Increased employee retention at floorman level (partially achieved)

Governance Achievements

• Reduced executive and director compensation in response to COVID-19

Climate Goals & Targets

Environmental Challenges

• Significant and prolonged industry downturn (2014-2016)
• Material and dramatic impact from COVID-19 pandemic (2020)
• Deteriorating market conditions caused by COVID-19

Mitigation Strategies

• Reduced number of senior executive positions
• Suspended cash-based annual incentive compensation programs
• Reduced senior executive salaries
• Suspended company matching 401K contributions
• Revised Term Loan Credit Agreement to allow for deferral of payment

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• GHG emissions reduction
• Environmental footprint reduction
• Workforce diversity
• Employee well-being
• Shareholder alignment
• Safety

Environmental Achievements

• 100% of marketed rigs are dual-fuel enabled and high-line capable, permitting substantial reduction and elimination of GHG emissions at the wellsite from rig operations
• 100% of ICD rigs utilize omni-directional walking systems that enable large-scale pad operations which substantially reduces environmental footprints at the wellsite
• 100% of ICD rigs utilize energy-efficient LED lighting and/or crown lighting which substantially reduces energy use and “dark sky” environmental impacts

Social Achievements

• Over 25% of ICD’s workforce is comprised of historically underrepresented groups
• Industry leading health and welfare benefits focused on employee wellbeing
• Active participation in community outreach programs

Governance Achievements

• Board level oversight of ESG goal setting, performance and outreach
• 100% of ICD 2021 Executive LTIP compensation substantially at-risk and performance-based, and thus closely aligned with shareholder interests
• Executive compensation structures include safety, environmental and other ESG goals and metrics

Climate Goals & Targets

Environmental Challenges

• Inability to predict the duration or magnitude of the effects of the COVID-19 pandemic
• Decline in or substantial volatility of crude oil and natural gas commodity prices
• Sustained decrease in domestic spending by the oil and natural gas exploration and production industry
• Inability to maintain or increase pricing of contract drilling services, or early termination of any term contract for which early termination compensation is not paid
• Overcapacity and competition in the industry
• Increase in interest rates and deterioration in the credit markets
• Inability to comply with financial and other covenants in debt agreements
• Unanticipated costs, delays and other difficulties in executing long-term growth strategy
• Loss of key management personnel
• New technology that may cause drilling methods or equipment to become less competitive
• Labor costs or shortages of skilled workers
• Loss of or interruption in operations of one or more key vendors
• Effect of operating hazards and severe weather on rigs, facilities, business, operations and financial results, and limitations on insurance coverage
• Increased regulation of drilling in unconventional formations
• Incurrence of significant costs and liabilities in the future resulting from failure to comply with new or existing environmental regulations or an accidental release of hazardous substances into the environment

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed