Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Uncertainty around energy development due to certain environmental pressures in the regions we operate
• Sporadic OEM supply chain challenges providing parts
• Global trend towards greater regulation of GHG emissions
• Potential for future impairments as more certainty around future cash flows is achieved

Mitigation Strategies

• Working with existing and new customers to advance projects that: 1) decarbonize core operations; 2) capture carbon; 3) build infrastructure for biofuels; and 4) explore new hydrogen opportunities
• Implementing continuity plans to mitigate the risk of business interruption
• Leveraging technologies which enable remote work arrangements
• Proactively monitoring COVID cases and regulations in the communities in which we operate and by working with customers and supply chain partners to minimize disruptions
• Maintaining operations and otherwise mitigating COVID impacts
• Implementing enhanced cleaning protocols at Company facilities
• Ensuring its workforce had access to advice from healthcare professionals
• Providing support to enable employees and their families to access vaccines

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions such as more intense hurricanes, droughts, forest fires, thunderstorms, tornados, and snow or ice storms, as well as rising sea levels and other acute (event-driven) and chronic (long-term) climate events
• Increased volatility in seasonal temperatures

Transition Risks

• Regulatory and Policy Risks
• Technological Risks

Opportunities

• Energy Transition
• Electric motor drive compression
• Carbon capture
• Low-carbon fuel initiatives

Sustainable Products & Innovation

• Electric motor drive compression

Environmental Metrics

ESG Focus Areas

• Ethics
• Health and safety
• Human capital management
• Compensation and incentives
• Cybersecurity and data privacy

Environmental Achievements

• Reduced paper consumption by implementing an electronic system for drawing and document review in Canada.
• Generated 97 MWh with solar panels in Brazil.
• Implemented LED lighting and air conditioner timers in North America to minimize energy consumption.
• Mandated recycled water for pressure testing and cleaning at select facilities in North America.
• Repurposed water from air conditioners for cleaning, gardening, and equipment maintenance in Brazil.
• Repurposes used oil into alternative fuels (fueling brick factories, boilers, and asphalters) in Colombia.
• Reduced physical footprint of a large-scale produced water treatment facility in the Middle East by 40%, with preliminary results indicating a 40% reduction in carbon emissions during plant operations.
• Completed over 20 bioenergy projects across various applications.

Social Achievements

• Achieved a 33% decline in voluntary turnover over the past 3 years.
• Implemented an industry-leading mental health and wellness program in Canada.
• Employees participated in over 2,200 hours of leadership training, skills, and career development courses in 2023.
• Successful completion and advancement of four out of thirteen apprentices into lead mechanical roles in Australia.
• Improved USA Geotab driving performance scores.

Governance Achievements

• Established a Sustainability Committee.
• Updated its Code to explicitly address money laundering.
• Implemented a Modern Slavery Policy in 2021.
• Maintained 90% independent directors on the Board as of December 31, 2023.
• 8% of annual bonus for executive officers tied to an ESG metric (TRIR).

Climate Goals & Targets

Environmental Challenges

• Potential impact of climate change on operations (extreme weather, rising sea levels, temperature volatility).
• Evolving climate change policies and regulations that may impose costs or restrictions.
• Potential for third-party claims related to climate change.
• Technological advances in alternative energy sources that may reduce demand for hydrocarbons.
• Need for significant investments to develop new technologies in response to shifting client preferences.

Mitigation Strategies

• Assessing both physical and transition risks within the risk management framework.
• Integrating climate-related risks and opportunities into strategic and investment decision-making.
• Focusing on providing the cleanest hydrocarbon solutions and safe natural gas to global partners.
• Exploring opportunities to support climate change efforts through CCUS, renewable natural gas, electrification, and hydrogen solutions.
• Implementing an Enterprise Risk Management (ERM) program guided by ISO 31000 standards.

Supply Chain Management

Supplier Audits: Periodic site visits and audits for select suppliers.

Responsible Procurement

• Due diligence including examination of OSHA standards, safety protocols, and quality benchmarks before supplier engagement.
• Further assessments for international suppliers to ensure alignment with social, safety, and environmental policies.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions
• Flooding
• Droughts
• Forest fires
• Rising sea levels
• Increased volatility in seasonal temperatures

Transition Risks

• Evolving climate change policies and regulations
• Potential for third-party claims
• Technological advances in alternative energy sources reducing demand for hydrocarbons

Opportunities

• Providing CCUS solutions
• Expanding into hydrogen solutions
• Developing energy-efficient procurement opportunities

Reporting Standards

Frameworks Used: GRI Standards, SASB, Oil & Gas Services Sustainability Accounting Standard, TCFD

Certifications: ISO 9001, ISO 45001, ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CCUS equipment
• Electric drive compression
• Hydrogen electrolyzer packages
• Renewable natural gas systems

Awards & Recognition

• Not disclosed