NR 08:18 AM EDT, 04/18/2023 (MT Newswires) -- PHX Energy Services Corp. (PHX.TO), which rose 1.9% in Canada yesterday, overnight Monday reported the environmental, social and governance, and sustainability report for 2022.
Among the highlights, the company said it is focused on aligning its ESG program and reporting with SASB and TCFD and noted that the ESG and Sustainability Report contains all relevant disclosure set forth by SASB and TCFD.
Also, PHX said it carried out the process of mapping its companywide greenhouse gas emissions and set up a baseline for scope 1 and scope 2 emissions.
The company also set up an environmental committee, comprised of employees in both Canada and the US, to discuss environmental goals, strategies, and tactics.
Additionally, PHX said it continued to improve its workplace culture and maintain a safe work environment.
PHX Energy, through its directional drilling subsidiary entities, provides horizontal and directional drilling technology and services to oil and natural gas-producing companies in Canada, the US, and Albania.