Environmental, Social & Governance
Superior, along with our diverse portfolio of global brands, is building a sustainable future through our commitment to Environmental, Social and Governance (ESG) performance. We operate in a continually changing industry and global landscape, and we must be nimble and innovative to ensure our success.
One thing that will not change is our focus on the Company's Shared Core Values of Integrity, Respect, Safety, Fair Play, and Citizenship. They're foundational to our progress as a sustainable business and they factor into the decisions we make every day. They're critical to achieving our ESG goals and to helping our customers, suppliers, and business partners do the same.
Through the efforts of our dedicated leadership and determined employees, Superior will continue to identify opportunities to grow and improve our ESG endeavors for the benefit of all stakeholders.
Our People Are the Key to Our Success
Our Company's sustained success starts with our most important asset — Our People.
Shared Core Values
At Superior, our Shared Core Values are the key governing principles that bind us together as a Company. Adopted in 2014, they capture what's unique about Superior and what sets us apart as a fair employer, a trusted business partner, and a good corporate citizen. Our Shared Core Values form our Code of Conduct and apply to all directors, officers, and employees.
Safety
Superior's focus on safeguarding our employees' health and wellbeing and protecting the environment is more than a priority – it's a deeply shared core value. To maintain this standard, we're committed to demonstrating visible leadership, care, and concern for our people and the environment.
Community Impact
Our employees have a legacy of helping colleagues in need. Our employee-led Catastrophic Relief Fund – born from Hurricane Katrina in 2005 – provides grants to colleagues who experience property damage and other losses during emergencies and natural disasters. Since its inception in 2005, the fund has granted more than 500 awards totaling nearly $1.4 million. In 2021 alone, when many team members experienced losses during winter storm Uri and Hurricane Ida, the fund made 52 grants totaling $188,865.
Diversity and Inclusion
At Superior Energy Services and our affiliates, we recognize the value of a dynamic workforce that complements our core values with the belief that each of us is entitled to respect and should be judged on our qualifications, demonstrated skills, achievements, and contributions to the Company’s success. We’re an inclusive Company with people of different backgrounds, experiences, cultures, styles, and talents, and we value the unique wealth of talent and resources of the teams that drive our success.
Human Rights
As a Company that operates globally, we’re committed to respecting human rights wherever we operate. This includes observing those laws that pertain to freedom of association, privacy, recognition of the right to engage in collective bargaining, the prohibition of forced, compulsory and child labor, human trafficking, and those laws that pertain to the elimination of any improper employment discrimination. We also take steps to ensure that our business partners take necessary measures to meet these goals.
Corporate Governance
Our commitment to positioning Superior as a sustainable operator includes a rigorous corporate governance framework that drives accountability at all levels of the Company and promotes the highest standards of ethics and integrity. Our Shared Core Values are embraced throughout the Company and focus on a belief that how we conduct our business has a direct impact on achieving our desired results. To that end, we prioritize employee health and safety, environmental stewardship, and corporate responsibility in our global communities.
Ethics and Whistleblower Protection
We believe in free and open competition and do not engage in improper practices that may limit competition. We do not look to gain competitive advantages through unethical or illegal business practices. Anyone who sees or suspects illegal or unethical behavior should speak up. Employees can report possible problems in confidence and without fear of retaliation. Superior will not tolerate retaliation against anyone who in good faith asks questions, makes a report of actions that are inconsistent with our values or policies, or who assists in an investigation of suspected wrongdoing.
Data Privacy
Like most companies, Superior relies heavily on information technology networks and systems, including the internet, to process, transmit, and store electronic information, to manage or support a variety of our business operations, and to maintain various records, which may include information regarding customers, employees, or other third parties. The integrity of these systems is essential for us to conduct business. We make significant efforts to maintain the security and integrity of these types of information and systems and maintain contingency plans in the event of security breaches or system disruptions.
Supply Chain Compliance
Our suppliers and business partners are essential to our ability to do business and meet our standards and expectations. We choose them carefully and use an objective selection process. It’s imperative that we help our suppliers and partners understand our expectations and act in a way that’s consistent with our standards and applicable policies. We also report any suspicions that a supplier or business partner may not be meeting our standards or their contractual obligations. Superior has a confidential hotline, administered by an independent third party, for employees to report any such activity.
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