ESG | Environmental

By being intentional in developing products and processes that are both environmentally conscious and compliant with local rules and regulations we can limit the environmental impact of our customers' and our own operations.

We care for the planet.

In particular, we focus on ESG issues like the energy transition and its impact on our business mix and on climate-related risk and greenhouse gas emissions.

Solar and Geothermal illustration

Achievements to Date

  • Reduced roofline by more than 55% over the last 8 years to right-size our business to align with reduced investment in the oil and gas sector, lower costs and greenhouse gas emissions in the process
  • Introduced products that lower the emissions profile of our customers’ oil and gas operations and developing technologies that enhance the economics of their respective entries into the renewable energy marketplace
  • Released first Scope 1 and Scope 2 emissions inventory
  • Since the majority of our waste comes from our manufacturing facilities, we have historically recycled approximately 60% of our total waste generated.
  • In 2021, only 72 (31%) of our U.S. facilities exceeded the Tier 2 emissions threshold reporting requirements.
  • Since the majority of our waste comes from our manufacturing facilities, we have historically recycled approximately 60% of our total waste generated.

 

Client Risk Management and Greenhouse Gas Emissions illustration

Goals Going Forward

  • Capture data from more GHG emission sources, including emissions from our fleet of company-owned vehicles, used by employees to drive to customer locations, and fluorinated gases (HFCs, PFCs, NF3, SF6) from refrigerants.
  • Continue to measure and monitor our emissions data through 2022 to calculate a baseline.
  • Focus on how best to improve facilities' energy efficiency and management, providing tangible tools and resources to enact change at local levels, including minimum standards and best practices.
  • Enhance our Scope 1 & 2 emissions reporting to distinguish the amount of renewable energy used by our facilities and increase the completeness of our emissions data.
Carbon Capture Utilization and Storage Solutions illustration

Goals Going Forward

  • Develop an appropriate measure to quantify our Scope 3 downstream impact, consistent with our belief that our greatest contribution to reducing the industry's carbon footprint will come from providing our customers equipment and technologies that reduce emissions from their operations.
  • Analyze our municipal water consumption to identify improvement areas for water conservation and management.
  • Implement new measures to improve our wastewater management.
  • Publish a global policy that aligns our operations with minimum standards for spill prevention, including a standardized approach to secondary containment and a defined emergency spill response protocol.