Precision Drilling CorpPrecision Drilling Corp - ESG Rating & Company Profile powered by AI

Industry Group:Oil & Gas Drilling

This article contains a questions and answers section for Precision Drilling Corp. The webpage displays a zero-cost ESG report for Precision Drilling Corp. This Disclosure rating covers 17 UN Sustainable Development Goals including: 'Gender Equality', 'Responsible Production & Consumption' and 'Life on Land'.

Precision Drilling Corp in the Oil & Gas Drilling industry gained a UN SDG ESG Transparency Score of 7.4; made up of an environmental score of 7.0, social score of 6.0 and governance score of 8.0.

SDG Transparency Score for Precision Drilling Corp 
Low
0 - 3
Medium
4 - 6

7.4

High Impact
7 - 10
Last Score Update: 2023-07-01
What drives the score for Precision Drilling Corp 
7.0

Environmental

6.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Boart Longyear Ltd
8.0
High
1Energy XXI Gulf Coast LLC
8.0
High
7Transocean Ltd
7.5
High
7Valaris PLC
7.5
High
10Precision Drilling Corp
7.4
High
11Trinidad Drilling Ltd
7.0
High
12DDH1 Ltd
6.9
High
.........
74Xtreme Drilling Corp
0.0
Low
74Tecpetrol Sociedad Anónima
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Precision Drilling Corp have an accelerator or VC vehicle to help deliver innovation?

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Does Precision Drilling Corp disclose current and historical energy intensity?

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Does Precision Drilling Corp report the average age of the workforce?

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Does Precision Drilling Corp reference operational or capital allocation in relation to climate change?

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Does Precision Drilling Corp disclose its ethnicity pay gap?

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Does Precision Drilling Corp disclose cybersecurity risks?

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Does Precision Drilling Corp offer flexible work?

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Does Precision Drilling Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Precision Drilling Corp disclose the number of employees in R&D functions?

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Does Precision Drilling Corp conduct supply chain audits?

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Does Precision Drilling Corp disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Precision Drilling Corp conduct 360 degree staff reviews?

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Does Precision Drilling Corp disclose the individual responsible for D&I?

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Does Precision Drilling Corp disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Precision Drilling Corp disclose current and / or historical scope 2 emissions?

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Does Precision Drilling Corp disclose water use targets?

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Does Precision Drilling Corp have careers partnerships with academic institutions?

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Did Precision Drilling Corp have a product recall in the last two years?

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Does Precision Drilling Corp disclose incidents of discrimination?

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Does Precision Drilling Corp allow for Work Councils/Collective Agreements to be formed?

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Has Precision Drilling Corp issued a profit warning in the past 24 months?

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Does Precision Drilling Corp disclose parental leave metrics?

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Does Precision Drilling Corp disclose climate scenario or pathway analysis?

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Does Precision Drilling Corp disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Precision Drilling Corp disclose the pay ratio of women to men?

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Does Precision Drilling Corp support suppliers with sustainability related research and development?

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Does Precision Drilling Corp disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Precision Drilling Corp reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Precision Drilling Corp involved in embryonic stem cell research?

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Does Precision Drilling Corp disclose GHG and Air Emissions intensity?

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Does Precision Drilling Corp disclose its waste policy?

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Does Precision Drilling Corp report according to TCFD requirements?

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Does Precision Drilling Corp disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Precision Drilling Corp disclose energy use targets?

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Does Precision Drilling Corp disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Precision Drilling Corp have a policy relating to cyber security?

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Potential Risks for Precision Drilling Corp
These potential risks are based on the size, segment and geographies of the company.

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2021, it operated 227 land drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2021, it operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 109 wellsite accommodation units; 943 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

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