Solaris Oilfield, Inc.
Climate Impact & Sustainability Data (2019, 2020, 2022, 2023-06, 2024)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Safety
- Environmental Impact
- Governance
Environmental Achievements
- Reduced well site footprint through the use of electric components and dust control systems.
- Reduced trucks compared to containerized solutions for sand or traditional chemical delivery using totes/ISO tanks.
- Reduced fuel consumption by utilizing electric frac fleets.
Social Achievements
- Reduced safety incidents (TRIR down 90%, LTIR <0.3).
- Improved well site safety and increased completion execution through automation and remote monitoring.
Governance Achievements
- Commitment to operating under the highest legal and ethical standards; adherence to a Code of Conduct.
Climate Goals & Targets
Environmental Challenges
- Inadequate on-site inventory and offloading capacity.
- Complicated operations and expansive well-site footprint.
- Opaque inventory information and limited communication.
- HS&E issues, including silica dust.
Mitigation Strategies
- Developed mobile proppant and chemical management systems to address these challenges.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Mobile proppant and chemical systems
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environment and Safety
- Social
- Governance
Environmental Achievements
- All-electric design reducing reliance on diesel generators and maintenance.
- Increased truck efficiency reducing emissions by ~15% compared to competitors.
- Dust control measures eliminating waste disposal and improving wellsite safety.
Social Achievements
- Diverse employee group with 29% female employees and 51% minority employees.
- 24% female managers/supervisors and 31% minority managers/supervisors.
Governance Achievements
- High inside ownership with management owning ~18% of the company.
- Low executive pay relative to industry peers with equity as the top incentive.
- Demonstrated capital discipline by reducing capex and opex during downturn and maintaining dividends.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Mobile Proppant Management Systems
- Mobile Chemical Management Systems
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 100% all-electric fleet
Social Achievements
- 45% minority/female employees in 2021
- Up to 80% reduction in low-pressure personnel with full Solaris offering
- $100M+ spent on local businesses in 2021
Governance Achievements
- 78% independent board
- 16% of Solaris stock owned by management and employees
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- AutoBlendâ„¢ Integrated Electric Blender
- Top Fill solutions
Reporting Period: 2023-06
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 100% all-electric fleet
Social Achievements
- 45% minority/female employees in 2021
- $100M+ spent on local businesses in 2021
- Up to 80% reduction in low-pressure personnel with full Solaris offering
Governance Achievements
- 78% independent board
- 17% of Solaris stock owned by management and employees
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- 100% electric equipment
- AutoBlendTM Integrated Electric Blender
- AutoHopperTM Automated Sand Delivery
- Top Fill Sand Loading System
Reporting Period: 2024
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
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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
- Not disclosed
Awards & Recognition
- Not disclosed