ChampionX Corporation (NASDAQ: CHX) today published its inaugural corporate sustainability report. The report captures important baseline information regarding the company’s global operations and strategy to address its four environmental, social and governance (ESG) Priorities: GHG Emissions, Decarbonization Technologies, Sustainable Innovation and Digital Transformation, and Employee Attraction, Retention, and Development.
“The unified purpose that inspires the ChampionX workforce every day is Improving Lives for our customers, employees, shareholders, and communities, while sustainably unlocking energy that the world needs,” said CEO Sivasankaran “Soma” Somasundaram.
“In this way, our very purpose is rooted in ESG. Integrating ESG considerations into our strategic priorities helps ChampionX meet our stakeholders’ needs, manage risk, and deliver operational excellence.
The 2021 Sustainability Report highlights the company’s meaningful ESG initiatives and impacts since its transformational merger in 2020 forming today’s ChampionX.
This report further reflects the company’s dedication to transparency in action and summarizes its corporate citizenship efforts to progress its ESG Priorities, including through corporate governance, information security, employee relations and diversity and inclusion, community relations and environmental sustainability.
Based in The Woodlands, Texas, ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. ChampionX's expertise, innovative products, and digital technologies provide enhanced oil and gas production, transportation, and real-time emissions monitoring throughout the lifecycle of a well.
CHX shares sank 28 cents, or 1.5%, to $18.70.
