Expro Report Highlights Progress Unlocking Energy Answers of Tomorrow
April 08 2024 - 5:31AM
Business Wire
Expro (NYSE: XPRO), a leading provider of energy services, has
published its latest sustainability report, highlighting the
Company’s achievements in 2023 along with the progress it has made
during that time working toward its near- and long-term
environmental, social and governance (ESG) objectives.
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Headshot of Mike Jardon, Chief Executive
Officer of Expro. (Photo: Business Wire)
Projects delivered this year, that are highlighted in the
report, include a custom solution to support the testing of new
geothermal technologies in Oklahoma, extending a solar power
project in Malaysia that has delivered light to more than 200
people and supporting a pilot project in Japan with carbon capture
utilization.
Mike Jardon, Chief Executive Officer of Expro, said: “In an
ever-evolving energy landscape, Expro remains steadfast in our
commitment to driving positive change.
“I am proud to share our achievements from 2023 in this
comprehensive report which serves as a testament to our progress in
environmental, social, and governance strategies, underscoring the
integral role partnerships play in cultivating sustainability for
Expro and our clients.
“As we step into 2024, we remain dedicated to fostering a
low-carbon future and intend to play a key role in enabling a
low-carbon transition.”
Hannah Rumbles, Expro Director of Sustainability, Marketing and
Communications, added: “I am excited to advance our commitment to
innovating with purpose, grounded in our values of People,
Performance, Partnerships and Planet.
“Over the past year, we’ve focused on the maturation of our
approach to sustainability that we expect will accelerate our
journey to a low-carbon future. With this strong momentum, we
remain committed to empowering our customers while strengthening
our own sustainability practices and performance.”
The 2023 ESG report celebrates Expro’s achievements from the
past year in sustainability and highlights advancements on key
initiatives, including:
- Developing Lower Carbon Solutions: Expro has turned
commitments into actions to help address customers’ most complex
challenges in sustainability. This includes new developments in
game-changing projects spanning Carbon Capture Utilization and
Storage (CCUS), natural hydrogen and geothermal in Australia,
Colombia, Germany and Japan.
- Reducing Scope 1 and Scope 2 Greenhouse Gas Emissions:
Expro reduced emissions by 11% from a 2021 baseline, driven by
increased use of renewable energy while increasing its ability to
track Scope 3 emissions, setting the stage to further integrate ESG
reduction initiatives throughout the supply chain.
- Advancing the Expro Portfolio with Sustainable Energy
Solutions: Expro took large strides forward in its work within
the areas of Geothermal and CCUS, adapting the company’s solutions
across three emerging markets.
- Prioritizing Safety: The organization renewed its
commitment to safety in the workplace along with the second annual
Expro ENGAGE initiative designed to focus on highlighting
employees’ safety successes, while teaching and reinforcing best
practices, and reducing the company’s Lost Time Incident Frequency
(LTIF) to just 0.06.
- Fostering a Collaborative and Inclusive Culture:
Believing in the importance of diversity in the organization, Expro
is reaping the benefits of a collaborative and inclusive workplace
where ideas are shared through the rollout of Expro Culture of Care
and the 2023 Elevate employee pulse survey that ultimately informed
company action plans for 2024.
The full report is available for viewing and downloading
here.
Notes to Editors:
Expro
Working for clients across the entire well life cycle, Expro is
a leading provider of energy services, offering cost-effective,
innovative solutions and best-in-class safety and service quality.
The Company’s extensive portfolio of capabilities spans well
construction, well flow management, subsea well access, and well
intervention and integrity.
With roots dating to 1938, Expro has more than 8,000 employees
and provides services and solutions to leading energy companies in
both onshore and offshore environments in approximately 60
countries.
For more information, please visit: www.expro.com and connect
with Expro on X (formerly Twitter) @ExproGroup and LinkedIn
@Expro.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release, and oral statements made from time to time
by representatives of the Company, may contain certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements regarding, among other things, the
Company’s delivery of safe, reliable and environmentally secure
subsea well access, the Company’s environmental, social and
governance goals, targets and initiatives, and future growth, and
are indicated by words or phrases such as "anticipate," "outlook,"
"estimate," "expect," "project," "believe," "envision," "goal,"
"target," "can," "will," and similar words or phrases. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from the
future results, performance or achievements expressed in or implied
by such forward-looking statements. Forward-looking statements are
based largely on the Company's expectations and judgments and are
subject to certain risks and uncertainties, many of which are
unforeseeable and beyond our control. The factors that could cause
actual results, performance or achievements to materially differ
include, among others the impacts of climate change, changes in
client demand for our products and services, energy industry
trends, and those risk factors identified in the Company’s Annual
Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the
Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events,
historical practice, or otherwise.
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