Environment, Social & Governance (ESG)
As the demand for energy remains steady, industry must continue to progress, and so too must the commitment toward environmental, social, and governance (ESG) issues. IADC is stepping up efforts to support Members’ ESG initiatives, while continuing to deliver long-standing offerings that support these issues.
At the core of IADC’s mission is an imperative to promote the highest standards of stewardship in industry safety standards, environmental integrity and operational efficiency. IADC will continue its focus on these core areas in all regions where its members operate.
At the forefront of a commitment to environmental stewardship is technology and innovation. The drilling industry has proven time and time again it will not rest when it comes to the development and application of solutions aimed at reducing emissions, spill prevention and management, and alternative fuel usage. Many of IADC’s Committees and Conferences offer opportunities for Members to share best practices and collaborate on the development of solutions to address environmental concerns.
IADC was formed in 1940 from the belief that the industry needed a collective voice to represent its interests. Advocating for sensible regulation has remained at the cornerstone of IADC activities over the past eight decades.
Industry experts continue this work today by coming together on IADC Committees like Ethics and Tax to share best practices, develop solutions, and ensure that IADC and the industry stay true to core values.