Source: Precision Drilling Corporation
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  • Precision Drilling Corporation (PD) has released its annual Corporate Responsibility Report
  • The company has also incorporated an expanded base of ESG related metrics including emissions and energy use
  • Highlights from the report include the introduction of new technologies to reduce wellsite Greenhouse Gas (GHG) emissions and growing relationships with indigenous groups
  • Precision Drilling is a leader in North American oil and gas services
  • Precision Drilling Corporation (PD) is up 0.726 per cent on the day, trading at C$73.53 per share at 3:30 pm ET

Precision Drilling Corporation (PD) has released its annual Corporate Responsibility Report.

The report highlights several of the company’s key environmental, social and governance (ESG) accomplishments and provides an outline of Precision’s ESG strategies, focus areas, and performance.

Precision Drilling has expanded its reporting to include additional elements from the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) guidelines.

The company has also incorporated a broader base of ESG related metrics – including emissions and energy use – where relevant and reliable information is available.

Highlights from the report include:

  • New and existing technologies to reduce wellsite Greenhouse Gas (GHG) emissions
  • Disclosure of emissions from direct operations and those under customer operational control
  • Leadership in Energy and Environmental Design (LEED) certified corporate offices
  • New and ongoing partnerships in geothermal energy development
  • Growing relationships with indigenous groups
  • Expanded ESG metrics in performance-based compensation plans
  • Scholarship and internship programs
  • Robust ethics and compliance culture

Precision Drilling is a leading provider of safe and environmentally responsible services to the energy industry, including an extensive fleet of drilling rigs.

Precision Drilling Corporation (PD) is up 0.726 per cent on the day, trading at C$73.53 per share at 3:30 pm ET.

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