ChampionX Publishes 2023 Sustainability Report

Rhea-AI Summary

ChampionX (Nasdaq: CHX) has released its 2023 corporate sustainability report, highlighting the company's global operations and strategy focused on four key ESG priorities:

• GHG Emissions
• Decarbonization Technologies
• Sustainable Innovation and Digital Transformation
• Employee Attraction, Retention, and Development

CEO Sivasankaran Somasundaram emphasized the company's commitment to responsible business practices and sustainable growth. The report showcases ChampionX's focus on improving lives, unlocking energy, and advancing ESG priorities. The company aims to support customers' carbon-reduction efforts, provide fulfilling career opportunities, enhance shareholder value, and improve communities where it operates globally.

THE WOODLANDS, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announces the release of its 2023 corporate sustainability report. The report captures important 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.

“We are proud to publish the ChampionX 2023 Sustainability Report, which showcases our ongoing commitment to responsible business practices and sustainable growth,” said Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer of ChampionX. “This report reflects our relentless focus on improving lives, unlocking energy, and advancing our ESG priorities. Our purpose of Improving Lives is a sustainable advantage, underscored by a continuous improvement mindset that drives us to enhance our operations and deliver value to all our customers.”

ChampionX is committed to developing initiatives that align with its purpose of Improving Lives by supporting its customers’ carbon-reduction efforts, providing fulfilling career opportunities for its employees, enhancing value for our shareholders, and improving the communities where it operates globally.

About ChampionX
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. To learn more about ChampionX, visit our website at www.championX.com.

Forward-Looking-Statements

This press release contains “forward-looking statements” or information. All statements other than statements of historical fact contained herein are forward-looking statements. Forward-looking statements are based on our current expectations, beliefs, and assumptions concerning future developments and conditions and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments and business conditions affecting us will be those that we anticipate. All of our forward-looking statements involve risks and uncertainties (some of which are significant or beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law. Certain information contained herein relating to any goals, plans, intentions, or expectations, including with respect to climate-related goals and related timelines, is subject to change, and no assurance can be given that such goals, plans, intentions or expectations will be met. Similarly, there can be no assurance that our ESG policies and procedures as described herein will continue; such policies and procedures could change, even materially. ChampionX is permitted to determine in its discretion that it is not feasible or practical to implement or complete certain of its ESG initiatives, policies and procedures based on cost, timing, or other considerations.

Investor Contact:
Byron Pope – byron.pope@championx.com – 281-602-0094

Media Contact:
John Breed – john.breed@championx.com – 281-403-5751

FAQ

What are the key ESG priorities outlined in ChampionX's 2023 sustainability report?

ChampionX's 2023 sustainability report outlines four key ESG priorities: GHG Emissions, Decarbonization Technologies, Sustainable Innovation and Digital Transformation, and Employee Attraction, Retention, and Development.

How does ChampionX (CHX) plan to support its customers' carbon-reduction efforts?

ChampionX (CHX) is committed to developing initiatives that support its customers' carbon-reduction efforts as part of its overall sustainability strategy, although specific details are not provided in the press release.

What is the main focus of ChampionX's 2023 sustainability report?

The main focus of ChampionX's 2023 sustainability report is showcasing the company's commitment to responsible business practices, sustainable growth, and advancing its ESG priorities while improving lives and unlocking energy.

When did ChampionX (CHX) release its 2023 sustainability report?

ChampionX (CHX) released its 2023 sustainability report on September 25, 2024, according to the press release.