Parker Drilling Company.
PKD.US | Support activities for petroleum and natural gas extraction
Parker Drilling Company is a global provider of contract drilling and drilling-related services and rental tools. The company operates through two segments: Drilling Services and Rental Tools. The Drilling Services segment provides contract drilling services, including land drilling, offshore drilli...Show More
Better Health for All
0
Parker Drilling Company's principal goods and services, which include contract drilling and drilling-related services and rental tools for the oil and gas industry, have no significant direct positive or negative health impact. Consequently, the company generates no revenue from products or activities with direct health impacts. While the company reports on internal employee wellness programs and workplace safety, and is subject to environmental regulations, these areas are explicitly excluded from the scope of the 'Better Health for All' ethical value, which focuses on direct health products, services, and public health initiatives.
1
Fair Money & Economic Opportunity
0
Parker Drilling Company is a provider of contract drilling and drilling-related services, not a financial institution.
1
The ethical value 'Fair Money & Economic Opportunity' and its associated KPIs are designed to assess companies that lend, insure, move, or store money for consumers or businesses. The provided articles detail the company's environmental performance, general charitable contributions, and ESG initiatives, but contain no evidence of the company offering financial products or services. Therefore, all KPIs are scored 0 as they are not applicable to Parker Drilling's core business model.
Fair Pay & Worker Respect
0
No specific, concrete data points were found in the provided articles for Parker Drilling Company (PKD.US) regarding any of the KPIs under Fair Pay & Worker Respect. The articles discuss general industry trends, regulatory actions against other companies, or broad economic data, none of which are directly attributable to PKD.US.
Fair Trade & Ethical Sourcing
0
No specific, concrete data points were found in the provided articles regarding fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, the percentage of contracts with enforceable ethical sourcing clauses, the share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers. The articles mention plans or aims to increase ethical commitments in supplier contracts
1
,
2
and to conduct a feasibility study on measuring local supplier spend
3
,
4
, but these are not current actions or quantifiable outcomes.
Honest & Fair Business
-40
Parker Wellbore has a formal whistleblower policy, which includes a confidential and anonymous ethics hotline system accessible via multiple phone numbers and an online portal
1
. Employees can also report concerns to the Compliance Department, Internal Audit, or the Law Department
2
. However, there is no evidence provided regarding independent investigation processes for these reports.
Kind to Animals
0
Parker Drilling Company is a provider of contract drilling and drilling-related services, not a company involved in animal products, animal testing, or animal agriculture. Therefore, KPIs related to cruelty-free certification, alternative testing methods, humane certifications for animal operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies and volume, innovation in animal-free technologies, animal agriculture ethics, and animal-free R&D collaboration are not applicable to its business model. No specific, measurable evidence was found regarding the company's wildlife conservation impact or active engagement in animal welfare public policy.
1
No War, No Weapons
-50
Parker Wellbore's former Russian subsidiary may have made payments to sanctioned Russian financial institutions in 2022, leading to a voluntary disclosure to the Office of Foreign Assets Control (OFAC).
1
The company subsequently divested from its Russian subsidiary in 2022 to comply with U.S. sanctions.
2
Regarding its supply chain, the company has terms and conditions in supply agreements prohibiting materials financing armed groups.
3
Additionally, 56% of the company's total direct material spend is covered by supplier representations regarding conflict minerals, and it accepts smelters compliant with the Responsible Minerals Assurance Process.
4
Planet-Friendly Business
-60
Parker Drilling Company has set a net-zero target year of 2060, which aligns with Saudi Arabia and Singapore's vision
1
, but no interim milestones are mentioned. The company conducted a greenhouse gas emissions study to establish a baseline for understanding historical and future trends
2
, which will provide a foundation for setting future emissions goals
3
, but no validated science-based targets are in place. The company's Environmental Management System is certified to ISO 14000:2015
4
and approved by Saudi Aramco
5
. Parker Wellbore Rig 253 drills for renewable geothermal energy
6
. The company avoided 162 tonnes of CO2 by implementing a technology solution
7
and reduced emissions by 35,000 pounds through virtual global support in 2023
8
. The company aims to improve methods for tracking diesel consumption and identify sustainable technology solutions to lower carbon emissions and increase operational efficiency
9
.
Respect for Cultures & Communities
0
No specific, concrete data points were provided in the articles to assess Parker Drilling Company against the defined KPIs for 'Respect for Cultures & Communities'. Information regarding formal partnerships, revenue reinvested locally, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, complaint resolution times, FPIC participation, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license operations, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural training completion was not available in a quantifiable format required by the rubric.
Safe & Smart Tech
-10
Within the last three years, Parker Drilling Company has experienced only immaterial information security breaches with immaterial total expenses.
1
The company provides ongoing mandatory cybersecurity awareness training globally, including regular data protection training.
2
Its cybersecurity program aims to prevent unauthorized data use, and no incidents of unauthorized data use by the company have been documented.
3
The program includes vulnerability identification and third-party penetration testing.
4
The cybersecurity program also aims to promote compliance with applicable laws and regulations.
5
Zero Waste & Sustainable Products
0
Parker Wellbore operates an ISO 14001-compliant Environmental Management System (EMS) that guides environmental compliance across its operations.
1