Commitment to Sustainability
Improving lives through responsible operations
ChampionX is driven by our purpose to improve the lives of our customers, employees, shareholders, and communities, through our commitment to deliver sustainable solutions to our customers. We are embedding ESG considerations into our work to help our customers responsibly maximize their operations, as well as to reduce our operational footprint, implement waste reduction efforts, and innovate solutions for efficient resource use.
Setting our ESG Priorities
To create value for our stakeholders and our company, we have taken a focused and methodical approach to developing ESG Priorities consistent with our corporate purpose and operating principles:
- GHG Emissions
- Decarbonization Technologies
- Sustainable Innovation and Digital Transformation
- Employee Attraction, Retention, and Development.
Reducing GHG Emissions
Reducing greenhouse gas (GHG) emissions is a focus for ChampionX customers, investors, and employees, and is consistent with our corporate purpose and Global HSE Policy to reduce our environmental footprint. We believe our largest impact will come from helping our customers reduce their emissions, but we are also committed to tracking and reducing GHG emissions from our operations.
Developing Decarbonization Technologies
ChampionX is focused on developing and building technologies and solutions that will help our customers achieve a lower-carbon future through GHG emissions reductions, while creating safer and more efficient operations. We are strengthening our portfolio with strategic, bolt-on acquisitions and technology investments to build our capabilities and accelerate our progress, and by fostering our culture of innovation and continuous improvement.
ChampionX's dedication to decarbonization is highlighted by our recent introduction of a third party-verified, carbon net negative raw material used for manufacturing Chemical Technologies products. This bio-based material actively removes carbon dioxide (CO2) from the atmosphere during its production, use, or disposal. ChampionX is committed to continuous improvement and expanding a sustainable portfolio to ensure efficient operations.
Delivering Sustainable Innovation and Digital Transformation
Delivering technology with impact is an operating principle that drives innovation at ChampionX. We seek to develop chemistries, artificial lift equipment, and other products that reduce Scope 1 and Scope 2 emissions and improve other areas of our customers’ environmental performance. We also look for innovative ways to reduce ChampionX’s impact on the environment and shrink our footprint.
Prioritizing Employee Attraction, Retention, and Development
Our purpose and operating culture are sources of sustainable competitive advantage. Across ChampionX and at all levels of the enterprise, we seek to develop a team of talented, motivated employees to support our customers, drive innovation, and create lasting impact. Our vision is to build and nurture a diverse and inclusive workplace where all employees feel a sense of belonging and alignment to our purpose of Improving Lives. We believe this allows us to do our best work, unlock our full potential, and build the workforce we need to achieve our strategic objectives and ESG Priorities.
As the industry forges ahead toward a lower-carbon future, ChampionX is helping our customers supply the affordable energy the world needs in an environmentally responsible way. Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer
SUCCESS STORIES
Related case studies
SOOFIE® Emissions Monitoring Program Helps Chesapeake Energy Achieve Grade “A” MIQ and EO100TM Certification
Chesapeake is deploying ChampionX’s SOOFIE stand-alone real-time methane leak detection system to meet its goal to certify all its Marcellus production under the MiQ methane standard and the EO100TM Standard for Responsible Energy Development by the end of 2022.
Novel Scale Inhibitor Extends Treatment Lifetimes in Permian Enhanced Oil Recovery
- Lower CO2 emissions – 3x the carbon reduction advantage
- Fewer chemicals with prolonged performance – 3x the application lifetime
- Lower total cost of operations
Slowing the release of scale inhibitor results in extended squeeze lifetimes, which means operators will require less chemical over the lifetime of the producing well. By reducing chemical volume used during operations, chemical handling, manufacturing, and shipping needs decrease and CO2 emissions are lowered.
UNBRIDLED ESP Systems’ HIGH RISE Pump Solution Increases Customer’s Production, Reduces Costs
- Doubled run life vs. competitor systems
- 1 ton carbon emissions reduction per install
- Reduced power consumption
The HIGH RISE pump, which has been operating for more than eight months, increased production by an average of 150 BOPD. By installing the HIGH RISE pump with three sections versus a pump with five sections to meet the production target, carbon emissions were reduced by 1 ton per install. The greater lift per unit length of pump with HIGH RISE technology, at the same or less horsepower, reduced power consumption and electrical utility costs.
Improving Lives by Relieving Water Scarcity
- 13 village drills
- 9 countries
- 1MM+ people gain access to clean water
US Synthetic, our customer Ulterra, and WHOlives partnered to deliver innovative water drills to impoverished communities and help more than 1 million people to access clean water in 2021.
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