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Dril-Quip, Inc., a leading provider in the other business services sector, is headquartered in the United States and operates extensively in key regions including North America, South America, and the Asia-Pacific. Founded in 1981, the company has established itself as a pioneer in the design and manufacture of high-performance drilling and production equipment for the oil and gas industry.
Dril-Quip's core offerings include subsea production systems, surface and subsea wellhead systems, and various other specialised equipment. What sets them apart is their commitment to innovation and quality, ensuring that their products meet the rigorous demands of offshore environments. With a strong market position, Dril-Quip has achieved notable milestones, including numerous patents and industry awards, solidifying its reputation as a trusted partner in the energy sector.
-7 vs industry average
Dril Quip’s score of 29 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Business Services is among the least carbon-intensive industries
The Business Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Dril-Quip, a company within the 'Other business services (74)' industry based in the US, reported a total of approximately 310.3 billion kg CO2e in emissions for 2022. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
In 2022, Dril-Quip's Scope 1 emissions were approximately 4.1 million kg CO2e. Scope 2 emissions, using the location-based method, totalled around 8.2 million kg CO2e, while the market-based method reported approximately 4.5 million kg CO2e. The majority of their reported emissions, approximately 301.7 billion kg CO2e, fall under Scope 3.
For 2021, Dril-Quip reported total emissions of approximately 378.1 billion kg CO2e, with Scope 1 emissions at around 3.7 million kg CO2e and Scope 2 (location-based) at approximately 9.0 million kg CO2e. Scope 3 emissions for this year were approximately 366.2 billion kg CO2e.
The company has set a commitment to reduce its combined Scope 1 and Scope 2 emissions by more than 50% between 2021 and 2030. This target is an absolute reduction.
It is important to note that some data points for Scope 3 emissions, specifically 'purchased goods and services', 'business travel', and 'employee commute', were reported as missing. The emissions data is cascaded from Dril-Quip, Inc.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.
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