{"id":522600,"date":"2021-08-03T16:38:05","date_gmt":"2021-08-03T20:38:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/"},"modified":"2021-08-03T16:38:05","modified_gmt":"2021-08-03T20:38:05","slug":"dril-quip-launches-esg-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/","title":{"rendered":"Dril-Quip\u00ae Launches ESG Platform"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">HOUSTON, Aug.  03, 2021  (GLOBE NEWSWIRE) &#8212; Dril-Quip, Inc. (NYSE: DRQ) (the \u201cCompany\u201d or \u201cDril-Quip\u201d) has formally launched its Environmental, Social and Governance (ESG) platform on its website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sK1x1xhsVV11Xox88GVcfdUDXYMi2wf7TUGmUwX1a1eqnrq0niXDPHonseUFCS7bLXnK_KM0WYZHtf6DgHKdzykVGYIasjskHsARwnwErmTgIMly5wXUSrKumEVcI2eDKY2oX-S22NmzIYMWOsqFGVS64FmO3--JMogwO7dJ7XluIy4KNUIYYf--cVXjvL3sG_Bfci6KtGlrXgapBTihjA==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.dril-quip.com\/environmental-social-governance.html<\/a>. The updated internet site further reinforces the Company\u2019s commitment towards corporate social responsibility across its operations worldwide and outlines the ongoing environmental and social initiatives the Company has undertaken in support of its sustainability goals. The website will be utilized to help communicate Dril-Quip\u2019s ESG program initiatives going forward.<\/p>\n<p>Dril-Quip, which became a Participant of the United Nations Global Compact earlier this year, has always focused on maintaining a culture of integrity and good ethical behavior, while operating as a socially responsible business with best-in-class health, safety and labor standards since inception in 1981. Sustainability has been a key underlying driver of Dril-Quip\u2019s operations, and the Company continues to invest in technology and R&amp;D to support energy evolution.<\/p>\n<p>\u201cIt has always been our mission to help our industry safely provide greater access to affordable, reliable energy,\u201d explained Blake DeBerry, Dril-Quip\u2019 s Chief Executive Officer. \u201cWe know this to be the key to improving the standard of living for people around the globe and that\u2019s why Dril-Quip is dedicated to providing technologies that help deliver hydrocarbons in the most efficient way possible. It&#8217;s rewarding to know that, in doing so, we are also helping to lower the carbon footprint of our customers. As such, we have allocated significant R&amp;D capabilities and resources to further develop differentiating technologies for use in new applications for the evolving needs of our customers.&#8221;<\/p>\n<p>This is best exemplified by Dril-Quip\u2019s <em>e<\/em>-Series products and Green By Design\u2122 initiative which link sustainability across its entire product portfolio and R&amp;D program. Guided by its Power of <em>e<\/em>\u2122\u00a0philosophy, the Company has been engineering innovative, more efficient technologies that enable customers to work faster, smarter, safer and cleaner.<\/p>\n<p>The Company&#8217;s award-winning VXT<em>e<\/em>\u2122 Vertical Subsea Tree System, for example, eliminates the tubing head spool (approximately 40 tons of hardware) and significant operational steps, which can save our customers up to two weeks of rig time and up to $4 million per well. Because less energy is used in its manufacture, transport, and installation compared to conventional vertical trees, the VXT<em>e <\/em>\u2122 reduces carbon emissions by as much as 1,000 metric tons per tree. That is equivalent to taking 181 cars in the U.S. off the road for one year for each tree installed.<\/p>\n<p>In addition to its environmental initiatives, Dril-Quip is proactively developing and investing in more comprehensive social programs across its global operations. The Company is committed to the health and safety of its employees with its GOAL ZERO initiative, as well as giving back to the community. On World Engineering Day this year, Dril-Quip became a sponsor of the American Society of Mechanical Engineers\u2019 signature INSPIRE STEM Readiness program to give kindergarten through 12th-grade students an immersive, hands-on education experience that introduces young people to career paths in science, technology, engineering and mathematics (STEM). In addition, the Company has implemented an ongoing professional and personal development program where guest speakers cover topics tailored to the interests and challenges of the women in the organization.<\/p>\n<p>More information on Dril-Quip\u2019s ESG initiatives is available at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sK1x1xhsVV11Xox88GVcfdUDXYMi2wf7TUGmUwX1a1eqnrq0niXDPHonseUFCS7bLXnK_KM0WYZHtf6DgHKdzys2CWDcTcP6cWkI8H2Ot0c-qD0pl8Qjbyxi89qWjRdg1ANImeKFBdnpP7DKizo_hmr6KWHX4YrQKggmFif3H74lf5y8D62WDd-MKccNeU6gSAHSHudrznMKPIq2PeLvlg==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.dril-quip.com\/environmental-social-governance.html<\/a>.<\/p>\n<p>\n        <strong>About Dril-Quip<\/strong>\n      <\/p>\n<p>Dril-Quip, Inc. is one of the world\u2019s leading manufacturers of drilling and production equipment for deepwater, high-pressure\/high-temperature applications, as well as shallow water and surface applications.<\/p>\n<p>The Company has been repeatedly recognized in the industry for its innovations. It has been the recipient of the Offshore Technology Conference\u2019s Spotlight on New Technology Award for several products, including the Dril-Quip<sup>\u00ae<\/sup> DX<em>e<\/em><sup>\u00ae<\/sup> Wellhead Connector, the Dril-Quip\u00ae BigBore\u2122 II<em>e<\/em> Subsea Wellhead System, the Dril-Quip<sup>\u00ae<\/sup> XPak\u2122 D<em>e<\/em> Expandable Liner Hanger System, the Dril-Quip<sup>\u00ae<\/sup> VXT<em>e<\/em>\u2122 Vertical Subsea Tree System and most recently the Dril-Quip<sup>\u00ae<\/sup> BADG<em>e<\/em>R\u2122 Specialty Casing Connector.<\/p>\n<p>Headquartered in Houston, Texas, Dril-Quip has manufacturing facilities in the United States, Brazil, Scotland and Singapore. The Company also has sales and service offices in all the major oil and gas producing regions of the world. A publicly traded company, Dril-Quip<sup>\u00ae<\/sup> is listed on the New York Stock Exchange as DRQ.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the anticipated benefits of joining the United Nations Global Compact. Forward-looking statements are based upon certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments and other factors. These statements are subject to risks, some of which are beyond the Company\u2019s control, including but not limited to, the volatility of oil and natural gas prices and cyclicality of the oil and gas industry, decisions made by the Company\u2019s customers and suppliers, operating risks, and other factors detailed in the Company\u2019s public filings with the Securities and Exchange Commission. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual outcomes may vary materially from those indicated.<\/p>\n<p>Contact:<br \/>Blake Holcomb<br \/>Tel: +1-713-939-7711<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wr_aOqcZ3blrUhrYmOoqh7R5MyDIsuBeO37IaaaWXGQy3--Cfk9Gk-XgtgLtArZeL4BQUGIaUwCFircmo4pFUpK1X9FQRiA9UTJmB6nmt41cPyuhXugnr7zTjDLIDsAz\" rel=\"nofollow noopener\" target=\"_blank\"><u>Blake_Holcomb@dril-quip.com<\/u><\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMTQxMCM0MzM3NDk3IzIwMDU1MzE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2c6d9a3c-6752-48ac-96e6-bd8cb06385d2\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) &#8212; Dril-Quip, Inc. (NYSE: DRQ) (the \u201cCompany\u201d or \u201cDril-Quip\u201d) has formally launched its Environmental, Social and Governance (ESG) platform on its website https:\/\/www.dril-quip.com\/environmental-social-governance.html. The updated internet site further reinforces the Company\u2019s commitment towards corporate social responsibility across its operations worldwide and outlines the ongoing environmental and social initiatives the Company has undertaken in support of its sustainability goals. The website will be utilized to help communicate Dril-Quip\u2019s ESG program initiatives going forward. Dril-Quip, which became a Participant of the United Nations Global Compact earlier this year, has always focused on maintaining a culture of integrity and good ethical behavior, while operating as a socially responsible business with best-in-class health, safety and labor standards since &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dril-Quip\u00ae Launches ESG Platform&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-522600","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dril-Quip\u00ae Launches ESG Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dril-Quip\u00ae Launches ESG Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) &#8212; Dril-Quip, Inc. (NYSE: DRQ) (the \u201cCompany\u201d or \u201cDril-Quip\u201d) has formally launched its Environmental, Social and Governance (ESG) platform on its website https:\/\/www.dril-quip.com\/environmental-social-governance.html. The updated internet site further reinforces the Company\u2019s commitment towards corporate social responsibility across its operations worldwide and outlines the ongoing environmental and social initiatives the Company has undertaken in support of its sustainability goals. The website will be utilized to help communicate Dril-Quip\u2019s ESG program initiatives going forward. Dril-Quip, which became a Participant of the United Nations Global Compact earlier this year, has always focused on maintaining a culture of integrity and good ethical behavior, while operating as a socially responsible business with best-in-class health, safety and labor standards since &hellip; Continue reading &quot;Dril-Quip\u00ae Launches ESG Platform&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-03T20:38:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMTQxMCM0MzM3NDk3IzIwMDU1MzE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dril-quip-launches-esg-platform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dril-quip-launches-esg-platform\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Dril-Quip\u00ae Launches ESG Platform\",\"datePublished\":\"2021-08-03T20:38:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dril-quip-launches-esg-platform\\\/\"},\"wordCount\":860,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dril-quip-launches-esg-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODMwMTQxMCM0MzM3NDk3IzIwMDU1MzE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dril-quip-launches-esg-platform\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dril-quip-launches-esg-platform\\\/\",\"name\":\"Dril-Quip\u00ae Launches ESG Platform - 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Dril-Quip, which became a Participant of the United Nations Global Compact earlier this year, has always focused on maintaining a culture of integrity and good ethical behavior, while operating as a socially responsible business with best-in-class health, safety and labor standards since &hellip; Continue reading \"Dril-Quip\u00ae Launches ESG Platform\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-03T20:38:05+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMTQxMCM0MzM3NDk3IzIwMDU1MzE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Dril-Quip\u00ae Launches ESG Platform","datePublished":"2021-08-03T20:38:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/"},"wordCount":860,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMTQxMCM0MzM3NDk3IzIwMDU1MzE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/dril-quip-launches-esg-platform\/","name":"Dril-Quip\u00ae Launches ESG Platform - 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