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CALGARY, ALBERTA – (TSXV: CWC) CWC Energy Services Corp. (“CWC” or the “Company”) is pleased to announce the release of its inaugural Environmental, Social and Governance (“ESG”) Report for 2021. The ESG Report covers performance metrics for the 2018 to 2020 fiscal and calendar years and is available on the Company’s website at www.cwcenergyservices.com.
“For over 16 years, CWC has provided contract drilling and well services to exploration and production (“E&P”) companies in the oil and natural gas industry in Western Canada and more recently in the United States. From the beginning, CWC has had the goal of providing “Quality People Delivering Quality Service” for our E&P customers. Never has this tag line and statement been truer than today as we extend this to our ESG commitments,” said Duncan Au, President and Chief Executive Officer. “In this inaugural ESG Report, CWC’s objective is to highlight our Company’s ESG profile using the framework established by the Sustainability Accounting Standards Board (“SASB”) for Oil and Gas Services. This allows us to identify, manage and report on material ESG factors specific to our industry.”
The inaugural ESG Report for 2021 outlines CWC’s approach to responsible ESG practices in three key areas that the Company considers meaningful and material to its business:
Environment: CWC is doing its part to protect and ensure a sustainable future. We are committed to meeting the highest standards and utilizing new technologies, where possible, to further reduce our environmental footprint.
Social: At CWC, we believe our people are our greatest asset. The health, safety and well-being of our people – staff, contractors, customers and communities, is our highest priority. Some social accomplishments that we are proud of include:
Corporate Governance: Honesty, integrity and vigilance are core beliefs that guide how we do business. We are committed to fostering a safe and ethical work environment for our shareholders, customers and local communities.
About CWC Energy Services Corp.
CWC Energy Services Corp. is a premier contract drilling and well servicing company operating in Canada and the United States with a complementary suite of oilfield services including drilling rigs, service rigs and swabbing rigs. The Company’s corporate office is located in Calgary, Alberta, with a U.S. office in Denver, Colorado and operational locations in Nisku, Grande Prairie, Slave Lake, Sylvan Lake, Drayton Valley, Lloydminster, Provost, and Brooks, Alberta. The Company’s shares trade on the TSX Venture Exchange under the symbol “CWC”.
For more information, please contact:
CWC Energy Services Corp.
610, 205 – 5 Avenue SW
Calgary, Alberta T2P 2V7
Telephone: (403) 264-2177
Duncan T. Au, FCPA, FCA, CFA
President & Chief Executive Officer
Stuart King, CPA, CA
Chief Financial Officer
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