Liberty Energy
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Safety
- Environment
- Technology
- People & Culture
- Community
Environmental Achievements
- Deployment of Tier IV dual fuel fleets, achieving 85% diesel displacement with natural gas, resulting in significantly lower NOx and particulate emissions compared to Tier II engines.
- Development of a next-generation electric frac pump (digiFrac) designed to minimize emissions.
Social Achievements
- Successful navigation of the COVID-19 pandemic, including the implementation of safety protocols and a company-wide virtual townhall.
- Rehiring several hundred employees after initial layoffs and furloughs.
- Support for 60 families with fertility treatment and 3 families with adoption.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- COVID-19 pandemic and subsequent plunge in business activity in the U.S. oil and gas industry, leading to layoffs and furloughs.
- Collapse in frac industry business conditions, with a 90% drop in demand for frac services.
Mitigation Strategies
- Implementation of aggressive cost-cutting actions and slashing of 2020 capital expenditures.
- Company-wide furlough plan to conserve cash.
- Strategic acquisition of Schlumberger's OneStim business to increase scale and technical expertise.
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
- digiFrac electric frac pump
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Safety
- Community
- Environmental Sustainability (focus on reducing emissions through natural gas transition)
- Employee Well-being
- Indigenous Relations
Environmental Achievements
- Transitioning fleet to primarily natural gas-fueled by end of 2024 (aiming for 90% by end of 2024, 100% within 5-7 years).
- 90% reduction in proppant delivery downtime leading to emission reductions.
- Development of wet sand handling technologies, reducing energy-intensive drying processes.
Social Achievements
- Lowest Total Recordable Incident Rate (TRIR) in company history (0.49), 2X lower than industry average.
- Over 300 internal promotions in 2023.
- Two weeks on, two weeks off schedule for field crews (more family-friendly than industry standard).
- Launched Women of Inspiration series.
- Extensive community investment through Love, Liberty program and various initiatives (total donations $1,385,146, total volunteer hours 2,126).
Governance Achievements
- Consistent #1 ranking in six major service quality categories by Kimberlite survey (2017-2023).
Climate Goals & Targets
Medium-term Goals:
- Transition entire fleet to low-emission, natural gas-fueled digiFleets within 5-7 years.
Short-term Goals:
- Transition over 90% of fleet to primarily natural gas-fueled by end of 2024.
Environmental Challenges
- Supply chain challenges related to sand, natural gas, and control systems.
- Industry softening in 2023 (20% decline in active rig and frac spread counts).
Mitigation Strategies
- Vertical integration across various aspects of operations (frac, wireline, proppant, power generation, logistics).
- Development of proprietary technologies (digiTechnologies, FracPulse, Sentinel Logistics).
- Strategic acquisitions (ST9, SLB’s North American completions business, Siren Energy).
- Prudent management of horsepower during market downturns.
Supply Chain Management
Responsible Procurement
- Strong partnerships with sand and trucking providers.
- Focus on real-time monitoring and agile adjustments for optimal performance.
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and services (digiTechnologies).
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Initiatives to transition to natural gas and develop clean cooking fuels contribute to these goals.
Sustainable Products & Innovation
- digiTechnologies (electric and natural gas-powered equipment)
- Wet sand handling technologies