Climate Change Data

NOV Inc.

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced carbon footprint through facility consolidation
  • Started a new environmental database to collect and monitor environmental metrics

Social Achievements

  • 89% of employees were happy with NOV’s COVID-19 communication efforts. 89% of employees felt like NOV provided adequate COVID-19 resources. 86% of employees felt that NOV took appropriate action in response to COVID-19.
  • Lowest Total Recordable Incident Rate (TRIR) and Lost Time Incident Rate (LTIR) in NOV history.
  • Contributed $1,000,000 to the United Way, $100,000 to the American Heart Association, and $1,000,000 to the University of Texas Engineering building.
  • Donated nearly 1,700 computers to Comp-U-Dopt.

Governance Achievements

  • Published Anti-Forced Labor Policy and Modern Slavery Statement.
  • Implemented globally aligned safety programs (Life Saving Rules, Global Training Courses, Stop Work Authority, etc.).
  • 22% female members on the Board of Directors, 11% racially/ethnically diverse members.

Climate Goals & Targets

Environmental Challenges

  • Maintaining accessibility and reliability of energy sources while transitioning to low-carbon energy.
  • Data aggregation methodology assessment for emissions data accuracy.
Mitigation Strategies
  • Developing proprietary solutions to improve project execution, drive higher capital returns, and lower the levelized costs of renewable energy.
  • Assessing data aggregation methodology to ensure accuracy.

Supply Chain Management

Responsible Procurement
  • Strict zero-tolerance approach to modern slavery and human trafficking.

Climate-Related Risks & Opportunities

Opportunities
  • Improving the economic competitiveness of renewable energy.

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 45001:2018, ISO 140001:2025

Sustainable Products & Innovation

  • PowerBlade™ KERS
  • Ideal eFrac™ fleet
  • Composite Solutions
  • Digital Solutions
  • Tri-Floater semi-submersible floating foundation
  • Chopper Hopper™
  • Generation Zero carbon capture technology
  • Hydrogen injection technology