Sustainability Report
For Fiscal Year 2022
Environmental
We are committed to a clean and healthy environment for all. It is our goal to minimize our environmental impact in the communities in which we work and live, while providing services for our customers in a safe and responsible manner. We are pursuing initiatives to make improvements in air quality, emissions, energy usage, water quality, land usage, chemicals management and waste material reduction.
Social
At Patterson-UTI, we are committed to caring for our employees and their safety, health and well-being and to the protection of the environment in which we work and live. We are also committed to prioritizing workplace diversity and fostering a culture where employees feel valued, included and respected.
Governance
The Board of Directors and its committees exercise oversight and engage in monitoring key corporate risks, including climate-related and governance risks. As such, the composition of the Board of Directors is reviewed to ensure that the Board is composed of individuals with diverse skill sets and who are experienced and knowledgeable with respect to the oil and gas industry.
Data and Approach
Our sustainability report is intended to address what we view as our material environmental, social and governance (ESG) issues. We have elected to align our disclosures following the frameworks set forth by the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD).
CEO Letter
“Our employees and our Company have taken significant steps to positively impact ESG issues, while delivering value to our customers. As a Company, we remain focused on our priorities of maintaining a safe and positive work environment for our employees, providing high quality services and products to our customers, being a good steward of capital for our shareholders, and respecting the environment.”
Andy Hendricks
President & Chief Executive Officer
We welcome your feedback.
Our success depends upon the trust from Stakeholders and Shareholders alike. We value your feedback on how we are addressing our environmental, social and governance performance.