Liberty Releases 2020 ESG Report – Bettering Human Lives
June 03 2021 - 6:50AM
Business Wire
Liberty Oilfield Services Inc. (NYSE: LBRT) announced today the
release of its inaugural Environmental, Social and Governance (ESG)
report entitled Bettering Human Lives. The 2020 ESG report is
organized in two broad sections. Part 1 underscores the importance
of worldwide clean energy access by providing a comprehensive
review of the relationship between energy, poverty and climate
change. Part 2 details the company’s focus on making a positive
impact on society by operating with integrity, covering Liberty’s
governance systems, environmental excellence, strategic
opportunities and community engagement.
“It is simply not possible to discuss the environmental and
social impacts of our industry without considering the
environmental and human impacts of the absence of our industry,”
commented CEO Chris Wright. “The progress in the human condition
leading to the modern world was enabled by the surge in plentiful,
affordable energy. Today, unfortunately, many people still lack
access to life-enhancing modern energy. This presents the most
pressing global energy challenge and gaining a broader
understanding of climate change science and the upsides and
downsides of the impacts of mitigation is a responsibility that
Liberty takes seriously.”
Mr. Wright continued, “We chose our name, Liberty, because we
believe in human liberty: everyone should have the freedom and
opportunity to pursue their dreams. This ethos pervades our
culture, allowing us to be a force for disruptive change in the
service industry since our founding a decade ago. Investment in our
employees, innovation in an ever-changing environment, and a robust
governance system has allowed us to grow into one of the largest
North American completions companies by sustaining these
competitive advantages through cycles. The market’s current focus
on ESG aligns with the principles that have been a part of our DNA
since day one. Our ESG report is the next step in our
sustainability leadership journey of providing an informative view
of how ESG principles are foundational to our strategy.”
The 2020 ESG report introduces Sustainability Accounting
Standards Board (SASB) disclosure and is guided by other ESG
standards to inform our discussion. Data performance metrics and
disclosures cover 2020 unless otherwise noted.
To learn more about the company’s ESG efforts, read the 2020 ESG
report, Bettering Human Lives, here and at Liberty’s investor
relations website at http://investors.libertyfrac.com.
About Liberty
Liberty is a leading North American oilfield services firm that
offers one of the most innovative suites of completion services and
technologies to onshore oil and natural gas exploration and
production companies. Liberty was founded in 2011 with a relentless
focus on developing and delivering next generation technology for
the sustainable development of unconventional energy resources in
partnership with our customers. Liberty is headquartered in Denver,
Colorado. For more information about Liberty, please contact
Investor Relations at IR@libertyfrac.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210603005386/en/
Michael Stock Chief Financial Officer 303-515-2851
IR@libertyfrac.com
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