McCoy Global Inc.
Climate Impact & Sustainability Data (2020, 2021, 2022)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Safety
- Automation
- Data Reliability
- ESG Compliance
Social Achievements
- Reduced safety incidents by 90% through automation
Governance Achievements
- Implemented automated systems for data tracking and auditing, resulting in 100% ESG compliance
Climate Goals & Targets
Medium-term Goals:
- Achieve $100 million revenue and 70% EBITDA margins by 2025
Short-term Goals:
- Increase new product revenue to 35% by 2025
Environmental Challenges
- High labor costs in wellsite operations (60% of total costs)
- High injury potential in wellsite operations (90% of safety incidents in red zone)
- Inconsistent execution and unreliable information in wellsite operations (100% of connections are judgement calls)
- Aggressive timelines augmenting safety risks
Mitigation Strategies
- Developed and implemented fully automated well completion and casing services
- Developed a cloud-based, remotely operated, machine learning-enabled automated tubular running system (smartTR™)
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- smartTR™ system
Reporting Period: 2021
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
- Automation
- Data Integrity
- Environmental Compliance
Environmental Achievements
- 100% ESG compliant automated pipe connections
Social Achievements
- Eliminating wellsite safety incidents through automation
- Reduced number of personnel in hazardous areas
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Achieve 35% new product revenue by 2025
- Reach $100 million revenue by 2025
- Achieve 70% EBITDA margins by 2025
Short-term Goals:
- Not disclosed
Environmental Challenges
- High labor costs in wellsite operations (60% of total costs)
- High injury potential in manual well completion processes (90% of safety incidents in red zone)
- Inconsistent execution and unreliable data in manual pipe connections
Mitigation Strategies
- Development and implementation of fully automated casing services
- Use of smart tools and cloud-based systems for precise data and remote operation
- Machine learning for improved efficiency and safety
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
- SmartTR automated tubular running system
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Safety
- Automation
- Data Integrity
- Environmental Compliance
Environmental Achievements
- 100% ESG compliant automated pipe connections
Social Achievements
- Eliminating wellsite safety incidents through automation
- Reduced injury potential to absolute safety
Governance Achievements
- Reliable, verifiable, and auditable data through automation
Climate Goals & Targets
Environmental Challenges
- High labor costs in wellsite operations (60% of costs)
- High safety incident rates (90% of incidents in red zone)
- Inconsistent execution and unreliable information in manual connections
Mitigation Strategies
- Fully automated well completion and casing services
- Precise data collection and analysis through automation
- Cloud-based remote monitoring and machine learning
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- SmartTR automated tubular running system