Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health & Safety
• Greenhouse Gas (GHG) Emission Reductions
• Diversity & Inclusion
• Indigenous Employment
• Community Involvement

Environmental Achievements

• 17% decrease in fuel consumed per well drilled from 2018 to 2020
• Approximately 8,663 tCO2e of GHG emissions saved in 2020 due to reduced truckloads for rig mobilization
• Zero reportable spills in 2020
• 85% of facilities switched to lower consumption LED lighting

Social Achievements

• Total Recordable Incident Frequency (TRIF) of 1.24 for the trailing twelve months ended April 30, 2021
• Well servicing division recorded zero recordable incidents in Q1 2021
• Implemented new safety protocols to limit interaction of rig crews with others during COVID-19 pandemic
• Over $63,000 contributed to local communities from 2018 to 2020
• Supported well decommissioning of approximately 2,400 wells from 2018-2020

Governance Achievements

• Established a QHSE Committee to bring more focus and accountability on health, safety, and environment at the Board level
• A portion of executive compensation is linked to QHSE performance
• Implemented a new Learning Management Software (LMS) program to track all regulatory and company-required training in 2018
• Consistently achieved an audit grade between 90% to 92% over the last 5 years for QHSE program

Climate Goals & Targets

Environmental Challenges

• Managing GHG emissions
• Maintaining safety in a high-risk industry
• Ensuring diversity and inclusion in the workforce
• Building lasting relationships with Indigenous communities

Mitigation Strategies

• Exploring new technologies to reduce GHG emissions (electrification of rigs, bi-fuel systems, Tier 4 engines, hydrogen fuel cells)
• Implementing robust QHSE system with proactive monitoring, measurement, adjustment, and reporting
• Conscious effort to promote an inclusive and diverse culture and treat all candidates equally
• Actively engaging in creating lasting relationships and programs for Indigenous employment, working directly with local communities

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

UN Sustainable Development Goals

• SDG 3
• SDG 8
• SDG 15
• SDG 16

CWC focuses on these SDGs related to health and well-being, economic growth, life on land, and peace, justice, and strong institutions.

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Quality, Health & Safety
• Skilled Workforce
• Building & Fostering Relationships
• Integrity & Transparency

Environmental Achievements

• Reduced diesel usage by approximately 1,000 L/day on two drilling rigs with LED halo crown lighting systems.
• Achieved 30% less diesel usage on three drilling rigs equipped with bi-fuel systems, averaging 2,400L/day fuel consumption savings.
• Removed dependence on solely diesel usage on two triple drilling rigs with highline power.
• Achieved approximately 14% fuel savings on longer-reach horizontal wells due to top drives and technological advances.
• Installed first Tier 4 engine on a service rig, reducing nitrous oxide (NOx) emissions by 45% and particulate matter by 80% compared to a Tier 2 engine.
• Switched 85% of Canadian facilities to LED lighting.
• Decommissioned 1,313 wells in 2021 (80% increase from 2020).
• Zero reportable spills across operations in 2021.

Social Achievements

• Drafted first Diversity, Equity and Inclusion Plan in 2021.
• Achieved one of the lowest TRIF numbers in the company's 17-year history in 2021.
• Launched an employee assistance program in 2021.
• Piloted a gradual start program in 2021 to reduce turnover and increase safety performance.
• Implemented SiteDocs, a digital safety management software.
• Rolled out Energy Safety Canada’s Life Saving Rules Program.
• Implemented a new safety form system.
• Conducted 652 site visits in 2021 by managers and supervisors.
• Announced a new 100% employer-paid RRSP plan in 2022.

Governance Achievements

• Implemented an Ethical Labour Policy in early 2022.
• Linked a portion of salaried staff compensation to ESG performance.
• Established a QHSE Committee in 2019.
• Implemented a Whistleblower Policy with a 24/7 toll-free hotline.

Climate Goals & Targets

Environmental Challenges

• Reducing GHG emissions
• Maintaining a safe working environment

Mitigation Strategies

• Creating a GHG inventory to track Scope 1 and 2 emissions.
• Setting GHG emission reduction targets.
• Implementing GHG reduction strategies.
• Partnering with customers to explore and implement further GHG-reducing technologies.
• Robust QHSE program with participation from all team members.
• Regular hazard alerts and toolbox talks.
• Digital safety management software (SiteDocs).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of ISNetworld and ComplyWorks Contractor Management Systems.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Carbon capture, helium, and saltwater disposal wells.
• Brine production well for lithium mining.

Reporting Standards

Frameworks Used: SASB Framework for Oil and Gas Services

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 8
• SDG 15
• SDG 16

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed