Sustainability

We are committed to ensuring a sustainable future in the new energy economy

Weatherford is an energy services company, driven to innovate and provide solutions for today and tomorrow. We recognize our responsibility and opportunity to build a more sustainable world for future generations, and we will continue to innovate, evolve, and responsibly manage our environment, social, and governance (ESG) priorities to ensure we play our part. By fully integrating sustainability into our business strategy and decision-making, we can create a sustainable future for our Company, our employees, and our planet.

Access the 2022 Sustainability Report

We are pleased to present our second annual Sustainability Report, which details the continued progress towards our advancing environmental, social, and governance (“ESG”) objectives, and highlights recent accomplishments.

Access key sections of the report:

Key Section Business Overview
Key Section Sustainable Innovation
Key Section Our Approach to ESG
Key Section Environment
Key Section Social
Key Section Governance
Key Section Indices

Since 2022, we have been participants of the UN Global Compact, as well as remaining committed to our ultimate objective of becoming Net-Zero by 2050. Our Company aims to cultivate this aspiration by decarbonizing our operations and supporting our customers' efforts to do the same. As we move forward, we uphold our commitment by ensuring our approach is thoughtful, pragmatic, and achievable, including setting interim targets and milestones, with the ability to pivot with changing industry needs and changing regulatory landscape.

Committed to ensuring a bright future in the new energy economy

We understand the positive impact our products and technology have on our customers’ emissions profile. Click here to view how our products can help you meet your environmental goals.


Sustainability Emissions Reduction

Sustainability and ESG

Our ESG Committee, comprised of leaders from a cross-section of our organization, is committed to making measurable progress on our sustainability agenda and further weaving its values into the fabric of our organization. The ESG Committee reports to the Board on progress and areas that need additional support. The Board extends their full support to ongoing sustainability initiatives to ensure they are a priority for the organization.

Kristin Ruzicka
Senior Vice President of HR Operations and Sustainability

SUSTAINABLE PERFORMANCE


Weatherford is focused on implementing world class reliable, durable, efficient, safe, and environmentally responsible practices, products, and services.

This is led through our Operational Excellence and Performance System (OEPS), which integrates our management of quality, health and safety, security, and the environment elements through global standards, procedures, and protocols. All of our business risk assessments are inclusive of these elements, and protection of the environment is given a high priority in all of our product creation and service activities.


Sustainable Performance

WORLD-CLASS PEOPLE

Our success depends on the quality of our people.

We understand that diversity and quality go hand in hand, and through our Diversity, Equity, and Inclusion (DE&I) Program aim to attract and retain a diverse, balanced workforce who are some of the best in the industry and are part of the One Weatherford family. Providing employees and environment in which they feel comfortable and are able to thrive is a top priority for our organization.


One Weatherford

Celebrating Diversity and Encouraging Inclusive Behaviors
Through Our Employee Resource Groups

Our DE&I networks continue to advance their unique focus areas across geographies, with many initiatives focused on empowerment and education.

The Women of Weatherford (WOW) network seeks to engage, support, empower, and inspire women in order to foster professional growth, advancement, and leadership within Weatherford. WOW continues to drive positive impact across the organization and our communities through actions such as bias awareness training and actively supporting local organizations that focus on the empowerment of women and the education of girls.

Every employee has the right to feel safe, comfortable, and respected at work and feel fully included within the Weatherford community regardless of their identity. Our EveryONE network aims to create a supportive culture of inclusiveness within Weatherford.

The Emerging Professionals Network (EPN) is committed to the advancement of Weatherford’s workforce, focusing on the development of future business leaders. The group helps employees develop business and personal relationships across the organization. Not only that, the philanthropic and social activities offered by EPN make a positive impact on employee morale and help members become more invested in their job.

Our U.S. Veterans Network (“VetNet”) is committed to improving the lives of Veterans, within Weatherford and our communities, through outreach initiatives, social networking opportunities, recruitment activities, mentorship, and career development.


Responsible Operations

We look for ways to do things smarter, safer, better – the right way, the first time, and always.

We operate ethically and transparently


We operate ethically and transparently across all facets of our work and in unison with our suppliers and customers.

We believe in conducting business in an ethical, safe, socially responsible, and environmentally sustainable manner. We are dedicated to responsible operations and are passionate about creating a working environment where we cause no harm to people, the environment, or to society.

We comply with the law and Weatherford’s high standards


We comply with the law and Weatherford’s high standards as identified in our Code of Business Conduct, policies, and procedures.

We work to ensure a culture that promotes internationally recognized standards for human rights and zero tolerance for abuse of those right

We believe in the importance of Organizational Justice


We believe in the importance of Organizational Justice and promote a culture where people are confident to come forward and share concerns.

Our Program of Organizational Justice ensures full transparency about the compliance actions of the company to all employees. We maintain effective reporting avenues, prompt resolution of concerns, and fair discipline.

We require integrity throughout the supply chain


We require integrity throughout the supply chain and hold our contractors, third parties, and business partners to the same high standards.

Our Supplier Code of Conduct serves as the foundation of our supplier relationships and outlines our expectations.

Summary of Compliance

Indices

Weatherford is committed to reporting on our ESG performance in a transparent and consistent manner

We are guided by international frameworks, including the Global Reporting Initiative (GRI), the Sustainable Accounting Standards Board (SASB), CDP (formerly the Carbon Disclosure Project), the Task Force on Climate-related Financial Disclosures (TCFD), and the United Nations frameworks that are associated with the Global Compact (UNGC) and the Sustainable Development Goals (SDGs). Details about specific disclosures and alignment to these frameworks are in the indices of our 2022 Sustainability Report.

Code of business conduct

Code of business conduct

Our guiding principles

Our Code of Business Conduct is our guiding principle of ethical standards and drives the way we do business around the globe. As such, we adhere to the values and behaviors outlined in our code in everything we do and expect the same of those working for us.

Human Rights Standard

Human Rights Standard

Committed to respecting human rights worldwide

Weatherford believes that everyone deserves to be treated with dignity and respect, regardless of their gender, race, nationality, place of residence, sexual orientation, national or ethnic origin, religion, language, physical ability, or any other status. We do not tolerate discrimination. We believe that failing to honor the human rights of our employees and those with whom we conduct business can create an unfavorable work or social environment that leads to low morale, employee turnover, an unengaged workforce, and can degrade our stakeholder relationships and compliance with community obligations.

Our Human Rights Standard coupled with our Code of Business Conduct reinforces our culture of internationally recognized standards for human rights and zero tolerance for human rights abuses. Our Human Rights Standard is guided by international human rights principles found in the Universal Declaration of Human Rights, the Voluntary Principles on Security and Human Rights, and the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises.

Organizational Justice

Organizational Justice

What this means to us

A culture of ethics and compliance cannot exist without organizational justice. Working with respect, integrity, and fairness is what drives us. To Weatherford, organizational justice means:


Effective Reporting Avenues

Question, challenge, report. Speak up and report conduct that you, in good faith, believe violates our Code, policies, or the law. Talk to your manager, HR, Legal, or Compliance or report to our external system Listen Up.


Prompt Resolution of Concerns

All reports of compliance concerns are taken seriously and handled promptly, professionally, and thoroughly. We conduct investigations with the highest degree of confidentiality possible, consistent with the law.


Fair Discipline

Discipline for violations of our Code of Business Conduct is executed in a fair manner following cross-functional and operations consultation.


No Retaliation Against Anyone

Weatherford will not tolerate any form of retaliation against anyone for sharing compliance concerns in good faith. Contact your manager, HR manager, Legal, or Compliance if you believe you or someone you know has experienced retaliation for raising a compliance concern in good faith.


Continuous Monitoring

Weatherford continuously assesses the efficacy of our compliance program by evaluating risks, detecting misconduct, and identifying areas of improvement to make sure our culture and program remain fit for purpose and best in class.

LISTEN UP HOTLINE


If you see conduct that is inconsistent with our high standards – report it, you must say something. Be courageous. Together we can ensure an ethical workplace.

Learn more below

Listen Up

Listen Up

We want to hear from you

We believe in being accountable and doing all possible to preserve an ethical Weatherford. We are courageous and speak up about conduct that could violate our Code or harm the health, sustainability, or reputation of our Company, our employees, or our shareholders.

If you have any compliance and ethics concerns regarding accounting controls, auditing matters, the Code of Business Conduct, or other matters, speak up without fear of retaliation – knowing that when you share your concerns and cooperate fully and honestly with any investigation into suspected misconduct, you are doing what is required in support of our ethical workplace.

CONTACT US:


Online:

 

Or Call: 

For North American Employees (U.S. and Canada):
1-855-874-1523 (toll-free)

For International Employees:

Dispute Resolution Program

Dispute Resolution Program

Options for dealing with conflicts

We understand that conflicts in the workplace may arise and as a company, Weatherford wants to ensure you have options for dealing with these conflicts. Our Dispute Resolution Program (DRP) is designed to provide quick, fair, accessible, and inexpensive resolution of almost every kind of workplace concern. As promised in Weatherford's Code of Business Conduct, we believe that everyone at every level of our Company should be able to raise concerns without fear of retaliation. It is through raising concerns and resolving disagreements that we are able to conduct business in an ethical manner. We have zero tolerance for retaliation, so you can trust that your claims will be heard and respected.

Download the DRP Materials:

Data Privacy

Data Privacy

Protecting personal data

The privacy of our employees’ personal data is important to us. We provide our employees with transparency on the personal data we collect from employees, the enterprise business purposes for which we collect personal data, and how we process and protect it.

Website Privacy Notice

Weatherford is committed to protecting the privacy of your information and personal data collected during your visit to this website. Our Website Privacy Policy, located in the footer of www.weatherford.com, provides information about how we collect, use and transfer personally identifiable data from you, a website visitor, through www.weatherford.com and other websites that we operate and on which we post a direct link to this Policy.

Candidate Privacy Notice

The privacy of those who are considering employment with Weatherford is important to us. Our Candidate Privacy Notice describes how we collect, disclose, retain, transfer, protect and otherwise process Candidate Data.

Conflict Minerals Policy

Conflict Minerals Policy

Committed to a culture of compliance

Weatherford is committed to a culture of compliance with the laws of each of the countries in which we operate. Weatherford is also committed to sourcing materials and components from companies that share our values and commitment to human rights, ethics and environmental responsibility. Our commitment to balance good business with sound, socially responsible engagement is evidenced in our One Weatherford philosophy, our Operational Excellence and Performance System, and our Code of Business Conduct.

The United Nations Group of Experts on the Democratic Republic of the Congo (DRC) determined the trade of certain minerals and their derivatives (i.e., tantalum, tin, tungsten, and gold) mined in the DRC and surrounding countries has helped fuel war and human rights violations in the eastern region of the DRC. These minerals and their derivatives originating from these countries and mined to fund ongoing conflicts and human rights violations are now referred to as Conflict Minerals.

In July 2012, the U.S. Congress enacted the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) which, among other things, imposes supply chain reporting requirements on publicly traded companies with regard to the use of Conflict Minerals in manufacturing operations. The U.S. Securities and Exchange Commission (SEC) subsequently adopted rules requiring publicly traded companies to perform due diligence as to the source and chain of custody of tantalum, tin, tungsten and gold in its supply chain after January 31, 2013.

Weatherford supports efforts to increase transparency regarding Conflict Minerals and to eliminate their use. As a result, Weatherford adopted due diligence procedures consistent with the Organization for Economic Co-operation and Development (OECD) guidelines and seeks to obtain chain of custody declarations from all Weatherford suppliers of tantalum, tin, tungsten and gold and their derivatives incorporated into Weatherford-manufactured products in accordance with its obligations pursuant to the Dodd-Frank Act.

Summary of Compliance

Summary of Compliance

Policies and Procedures

Weatherford Compliance policies and procedures are designed to provide the tools and guidance needed for our employees to perform their jobs with excellence and integrity.

We have implemented fit-for-purpose compliance policies and procedures on a variety of subjects including Anti-Corruption, Gifts & Entertainment, Conflict of Interest, Computer System Use, Antitrust Global Competition, Anti-Money Laundering, Records Information Management, and Trade Compliance to meet legal compliance obligations and mitigate corruption risks.

Weatherford had a business relationship with Unaoil that terminated in 2013. During this relationship, Weatherford took steps to ensure that anti-corruption controls and compliance measures were in place, including conducting due diligence on Unaoil, binding Unaoil through contractual terms, providing training to Unaoil employees, and obtaining periodic ethics and compliance certifications from Unaoil. Weatherford fully cooperated with voluntary document requests relating to this relationship that were issued by the U.S. Department of Justice in 2016, and also presented to the Department of Justice the results of its internal investigative activity in this regard, which did not identify information indicating Weatherford knowledge of corrupt dealings by Unaoil on behalf of Weatherford. No pending requests remain open from the Department of Justice or any other government agency, to our knowledge, and the Company does not believe it is the target of further investigations regarding Unaoil. Weatherford maintains a robust compliance program including stringent anticorruption controls which includes the execution of past reviews and investigations of our Iraq activity to ensure compliance with all applicable law and our enterprise requirements.


GLOBAL CITIZENSHIP

We are committed to enriching the communities in which we live and work by engaging with local communities, volunteering our time, and donating much needed resources. Our employees are passionate about their work and about making a difference. We encourage them to participate in causes they feel strongly about and offer them opportunities to become engaged. 

Being a good corporate citizen also means having an unwavering commitment to act responsibly and with integrity, respecting the fundamental rights of our people. We strive to ensure individual rights within our area of influence. Together, we are committed to fighting corruption, protecting human rights, and leaving a lasting and positive impact on our world.

GLOBAL CITIZENSHIP


SUSTAINABILITY PROGRAM

To learn more about our sustainability program, please visit:

CONTINUALLY STRENGTHENING OUR SUSTAINABILITY PROGRAM

UN Global Compact corporate responsibility initiative


Since 2022, Weatherford has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption.

leading sustainability experts


We are also proud to collaborate with leading sustainability experts to continue to expand our knowledge, share resources, and strengthen our ESG programming.

Awards


We are pleased to have been recognized for our performance and commitment to advancing our Company. Some of the notable awards we received are listed here, including recognition by Newsweek as one of America’s Most Responsible Companies 2023 based on 2022 Metrics.