Governance

Weatherford requires suppliers to adhere to ethical business standards.

We are passionate about the work we do and the people with whom we do it. We are driven to do things the right way, the first time, every time, for the right reasons. We are accountable for our individual actions, for the consequences of our decisions, and for our collective achievements because we understand that at our core, success without respect and integrity is not success at all.

Inclusiveness and multi-stakeholder representation are foundational features of GRI, fundamental to form a global perspective and advance our mission towards sustainable development. This is thoroughly reflected in our governance structure: every year we renew our search for global representation and a broad range of perspectives to enable us to carry out our mission.

There’s currently a debate brewing among sustainability and corporate responsibility professionals about the best way to report CSR and environmental information. Is a sustainability report the proper time for storytelling or do readers just want the facts? Truth is, we are often trying to reach multiple (and different audiences) with one report. This year, JetBlue decided to revisit how we report our environmental, social and purpose-driven initiatives.

In the Business Roundtable’s recent annual report – titled “Create, Grow, Sustain: Delivering Shared Success” – Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand, offered insight into the company’s approach to sustainability and the ways in which collaboration is used to build and share success. In the report he says:

Much attention has been paid to the concept that global warming will cause a dramatic drop in the value of carbon
reserves. A major shift towards non-carbon-based energy and non-carbon feedstocks for chemical processes could “strand” assets tied to oil drilling, coal mining, and fracking activities. Various groups have tried to quantify the downside risk to energy companies, if the response to climate change occurs.

However, there are other assets that climate change could strand. And, there are other sustainability trends that could result in stranding other types of assets. Both corporate managers and investors should probably examine these risks, too.

Motor vehicle fatalities increased about 8 percent during the first nine months of 2016 compared to fatalities during that time in 2015, according to data from the National Highway Traffic Safety Administration. This marks the eighth consecutive quarter in which fatalities have increased. Previous data has shown that more than 90 percent of highway fatalities are the result of human error. Self-driving technology is more than just a business priority for General Motors; it is an opportunity to save thousands of lives.