Transparency

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

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.

Weatherford is a global company that helps to provide energy to the world for today and tomorrow while ensuring benefits for all of our stakeholders through responsible operations, sustainable performance, world-class people, and global citizenship. We are guided by our operational principles and Code of Conduct and will operate our business of providing services to the upstream oil and gas industry in an ethical, safe, and profitable manner.

Weatherford considers material Environmental, Social, and Governance (ESG) issues to be those which pose the greatest potential risk to our business, and are important to our key stakeholders including our employees, customers, and shareholders. In 2016, we strengthened our existing process for assessing materiality by canvassing a broader range of internal and external stakeholders and extending sustainability issues across the whole value chain.

Specifying fields of action - We evaluate a variety of sources in order to obtain as precise a picture of our stakeholders’ concerns as possible. This involves evaluating readers’ feedback regarding this report; surveys of customers, employees, and interest groups; workshops in the specialist units; dialogs with individual stakeholder groups; and events such as the “Daimler Sustainability Dialogue.”

As featured in the Walmart Global Responsibility Report 2017 : Over the past 30 years, global prosperity has increased by many measures. Life expectancy, school enrollment and access to drinking water are up and technology has opened new doors for billions of people. Yet at the same time this progress occurs, growing population, globalization and technological disruption have created new social and environmental challenges.