Environment

We are committed to the principles published in the 2015 Paris Accord, which aims to limit global warming to below 2°C and to pursue efforts to limit the increase to 1.5°C. We are also committed to sustainable development, and our ongoing economic modelling and evaluation of the impact of climate change will continue to build on achievements and current initiatives to enhance the sustainability of Hunting.

Hunting is committed to creating value for our stakeholders. Our strategic priorities are to deliver sustainable long-term value while recognising our corporate responsibilities with regards to people, planet and society.

Since 2013, we have shared the Scope 1 and 2 emissions from our carbon footprint, and in accordance with the principles of the Kyoto Protocol. In 2019 we published our first carbon reduction targets, setting a base-year and committing to a 10% reduction by 2029. In 2022, we went further, and increased our carbon reduction targets to 50% below the base-year by 2030.

In 2024, the Group expanded its work to collect scope 3 emissions data, with the Hunting Titan, Subsea Technologies, EMEA and Asia Pacific operating segments now in-scope. This work will be expanded during 2025 to cover the North America operating segment. The Group continues to migrate its primary and secondary energy sources to lower carbon sources, with the Group targeting the purchase of 50% of our electricity requirements from renewable sources by 2030.

We are committed to managing climate-related risks and have committed to lowering our own carbon footprint by embedding a low carbon culture. We communicate our ambitions to our supplier base through a Supplier Code of Conduct that was introduced in 2022.

For more information on Hunting’s carbon reduction commitments, please refer to “Reducing our carbon emissions footprint “page.

New facilities consider environmental impacts, including extreme weather event protection, such as storms and flooding.

Hunting is committed to revenue diversification and has a strategy in place to target non-oil and gas sales to c.50% of total revenue by 2030, to include energy transition and other markets and sectors such as geothermal and medical, which align to our existing core competencies.

To make Hunting’s operations as efficient as possible, our Quality Management System (QMS) is ISO 14001 (Environmental Management) as well as ISO 50001 (Energy Management) certified. This also ensures a joined-up approach to managing our energy and environmental issues.

For more information on our Company’s commitments, please refer to our Climate Change

We continue to build on these foundations while driving change across the business and considering the world’s most critical issues, including those related to climate change, the environment, diversity and inclusion, and human rights.

We maintain an open line of communication with our stakeholders, and this constant and open dialogue reassures us that we are focused on the priorities that matter most to our stakeholders. These priorities are considered in our principal decision making, the way we operate our business, and in the development of our strategy.

Our strategy is informed by global frameworks, such as the 2015 Paris Accord and the United Nation’s Sustainable Development Goals (“SDGs”).

The 2030 strategy targets non-oil and gas revenue of c. 50% of total Group sales by 2030, to include energy transition opportunities which align to our existing core competencies of Systems Manufacturing, Precision Engineering and Print-part Manufacturing.

Our strategy is underpinned by our culture of honesty and integrity – and our focus on safety, whilst providing the highest quality products and services to our customers.