Environmental Focus

Core Lab UN Global Compact

The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. This ever-increasing understanding is reflected in the Global Compact's rapid growth. With over 8700 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world. The Global Compact is global and local; private and public; voluntary yet accountable.

The Global Compact incorporates a transparency and accountability policy known as the Communication on Progress ("COP") which is mandatory to communicate to our stakeholders. In 2002, certain operations within our Reservoir Description business segment joined the UN Global Compact.

Consistent with the requirements of Global Compact membership, it is the policy of Core Lab to conduct our business in a manner uniform with applicable environmental regulations. In areas where environmental regulations do not exist, we will exercise practical care in its efforts to protect employees and preserve the environment. Country managers will manage their business in a manner consistent with established company policies and applicable laws and regulations.

Managers have a responsibility to maintain a safe working environment for their employees and to implement programs and procedures as necessary to ensure that their operation meets the environmental goals of the company and applicable regulatory requirements.

We provide guidance to managers and employees regarding environmental issues. We provide for employee training and conduct audits to ensure compliance. Each employee will be responsible for performing their job function with constant consideration of our commitment to this policy.

Sustainability Management

Core Laboratories sustainability management system focuses the Company’s efforts to reduce our environmental footprint, increase performance and improve the sustainability of our Company. It is a conviction that these principles drive Company success by reducing waste, consumption of non-renewable resources, and even the cost of operations. These principles make our Company stronger, socially responsible, efficient and profitable well into the future.

Respecting and Minimizing Community and Environment Impact

We recognize the diversity the communities and people where we operate. We commit that we will act responsibly and will obey all applicable laws, minimize the impact of our operations on the environment, protect the communities' health and safety and respect cultural backgrounds.

Our operational footprint is primarily its office buildings and laboratories rather than field locations. Our six Advanced Technology Centers (“ATC”) located in Aberdeen, Abu Dhabi, Calgary, Houston, Kuala Lumpur, and Rotterdam along with our Production Enhancement manufacturing facility in Godley, Texas comprise our more significant operating locations. The primary type of energy consumed by these facilities is electricity. However, low-carbon emission natural gas also consumed for heating the facilities in some regions.

We may choose responsible alternative sources of electricity when there are options available, in contribution to our efforts to reduce greenhouse gas (GHG) emissions. For example we may have the option to use electricity from a renewable source in place of electricity generated from a non-renewable source, such as coal. A second alternative may be an option to elect electricity sourced from natural gas (reduce GHG emissions) compared with electricity sourced from coal. As natural gas continues to be one of the most environmentally friendly and cost efficient fossil fuel sources of electricity, this reduces our environmental footprint.

We also consume fuel to operate field vehicles, however this is limited to our staff working in the field, and is not a significant emission component of our total operations.

Our operations outside of our offices are conducted on our clients’ property. Although those operations are not conducted within our own facilities while we are on our clients’ property, we continue to follow our corporate policies regarding health and safety as well as our Code of Ethics and Corporate Responsibility. For the most part, we remain in our locations for extended periods of time, decades in many cases. In the event we do leave a particular location, we ensure that the land and building are properly put back to their agreed condition. We also take steps to ensure that any potential environmental conditions have been dealt with as required by local regulation and standards.

Given that we do not have locations under our control that are in a natural, rural environment, we do not have programs regarding restoration or rehabilitation of natural lands.

Company Environment Goals and Achievements

With respect to our six ATCs, our Aberdeen facility continues to lead our effort in reducing our energy consumption and reduce our GHGs by completing their ISO 14001 Environmental Management system certification audit and setting aggressive targets to reduce energy consumption and surpassing those targets.

Operational and Value Chain Footprint

To better understand the Company impact, we engaged Trucost, a sustainability data company. With their expertise, we are able to assess Core Lab's operational and value chain greenhouse gas emissions in line with the WRI/WBCSD Corporate Standard (Scope 1 and 2) and Corporate Value Chain (Scope 3) Guidelines (GHG Protocol). The assessment allows us to report Scope 1, 2 and 3 GHG emissions in annual accounts and to the CDP Climate Change Questionnaire.

We have already been reporting company-wide Scope 1 and 2 GHG emissions to the CDP since 2014. Currently, we use estimates of companywide emissions based on our sector of operation and revenue for reporting purposes. Engaging Trucost allows us to improve our operational (Scope 1 and 2) GHG emission quantification methodology by integrating primary data. Furthermore, Trucost quantified Scope 3 GHG emissions according to the fifteen Scope 3 categories outlined in the Guidelines to help understand and disclose its Scope 3 emissions for the first time. This operational and value chain GHG emission footprint will focus on our six Advance Technology Centers (ATCs) which comprise our more significant operating locations.

Finally, Trucost has helped us set science-based targets for its Scope 1 and 2 emissions. Science based targets aim to help companies to work towards limiting the increase in global average temperatures to below 2°C, a limit agreed upon by leading climate scientists and governments to ensure long-term sustainability and profitability.

CDP Discloser

CDP Discloser

The CDP Score Report allows companies to understand their score and indicate which categories require attention to reach higher scoring levels. This enables companies to progress towards environmental stewardship through benchmarking and comparison with peers, in order to continuously improve their climate governance.

Core Laboratories Inc. received a B- which is in the Management band. This is slightly lower than the Europe regional average of B, and higher than the Industrial support services sector and Global average of C.

CDP Water 2023 Download
CDP Climate 2023 download
CDP Climate Change Questionnaire 2022

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