Civeo Corporation
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Reduced water consumption by 35% in Canada through water reuse in a state-of-the-art laundry facility.
- Eliminated single-use plastics in 16 Australian villages and working to eliminate them in all Australian villages by 2025.
- Reduced landfill waste by over 50% at Sitka facility since May 2022.
- Recycled 250,000-300,000 liters of greywater daily for irrigation in Coppabella Village, Australia.
- Retained ISO 14001 Certification for Coppabella sewage treatment plant.
Social Achievements
- Reduced Total Recordable Incident Rate (TRIR) by nearly 33% since 2017.
- Launched Respect at Work program in Australia and Canada to promote a safe and respectful work environment.
- Increased Indigenous employment in Australia to 4.8% in 2022 (from 1.8% in 2021).
- Implemented Containers for Change program in Australia, recycling over 100,000 containers and raising over $10,000 AUD for local charities.
- Resumed in-person town hall meetings to improve employee engagement.
Governance Achievements
- Established a global ESG Steering Committee and an ESG and Nominating Committee of the Board of Directors.
- Conducted a cyber breach simulation exercise to improve incident management and communication processes.
- Engaged with shareholders representing over 61% of outstanding shares.
Climate Goals & Targets
Short-term Goals:
- Eliminate all single-use plastics in all Australian villages by 2025.
Environmental Challenges
- Challenging market conditions resulting in reduced hiring in Canada.
- Need to further quantify Scope 1 and Scope 2 greenhouse gas emissions.
Mitigation Strategies
- Actively engaged in quantifying Scope 1 and Scope 2 emissions and undergoing third-party verification.
- Developing an employee satisfaction survey to identify areas for improvement.
Supply Chain Management
Responsible Procurement
- Prioritizing local suppliers (e.g., coffee roaster in Canada).
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (cyclones, hurricanes, wildfires)
Awards & Recognition
- Gold Level certification in the Progressive Aboriginal Relations (PAR) program
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Developed and implemented a company-wide Water Conservation and Wastewater Policy
- Expanded irrigation system at Coppabella Village in Australia, increasing gray water recycling capacity to 350,000 liters per day
- Recycled more than 140,000 containers in Australia through the Containers for Change program
- Reduced solid waste going to landfill in British Columbia by working with local contractors to remove recyclable materials and compostable organic waste
Social Achievements
- Achieved a Total Recordable Incident Rate (TRIR) of 0.45, significantly lower than the U.S. accommodation industry average of 4.1
- Increased spending with Indigenous businesses by 11% in Canada and 29% in Australia compared to 2022
- Employee engagement survey yielded a 72% global engagement score
- Implemented the Diploma of Leadership and Management program in Australia
- Revamped driving safety program in Australia to include in-vehicle monitoring systems (IVMS)
Governance Achievements
- Board of Directors unanimously approved an amendment to transition from a classified to a declassified Board of Directors over a three-year period
- Conducted a cyber breach simulation to enhance incident management and communication processes
Climate Goals & Targets
Environmental Challenges
- Persistent inflationary pressures
- Managing psychosocial risks in the workplace
- Cybersecurity risks
Mitigation Strategies
- Introduced a new capital allocation strategy
- Partnered with FiFo Focus to train managers and supervisors in identifying and addressing workplace psychosocial risks
- Implemented recognized industry technologies and practices to safeguard digital assets, including mandatory cyber awareness training and regular assessments
Supply Chain Management
Responsible Procurement
- Prioritizing local sourcing
- Human Rights and Conflict Minerals policies
Climate-Related Risks & Opportunities
Physical Risks
- Wildfires
- Droughts
Awards & Recognition
- ABA100 Business Innovation Award (Australia)
- ABA100 Community Contribution award (Australia)
- Fort McMurray 468 First Nation Partner of the Year Award