Our HSE Goal
FET is committed to protecting the health and safety of our employees and customers and preserving the environment. Each FET employee is expected to take personal responsibility for his or her safety, their fellow employees, and the environment. FET strives to continuously improve our health, safety and environmental (“HSE”) processes in order to achieve an incident-free workplace while maintaining a healthy respect for the environment.
Our employees are encouraged to make safe and environmentally conscious decisions on an everyday basis. All FET personnel are empowered with “Stop Work Authority” and expected to use this right when they consider a situation is unsafe or adverse to the environment. In addition, we have implemented global HSE expectations and management systems to drive our safety culture.
Our Board of Directors, or its Nominating, Governance and Sustainability Committee, receives a health, safety and environmental report on a quarterly basis that covers a variety of relevant topics. We believe having regular discussions at the highest levels in the organization ensures that we are setting the appropriate tone throughout the organization and appropriate consideration is given to risks facing the company.
Our HSE Principles
- Value human life above all else and mitigate risks accordingly.
- Comply with all applicable laws and regulations while setting higher standards for ourselves when unacceptable risks are identified.
- Maximize transparent reporting by accurately measuring and analyzing our performance.
- Actively engage with the communities where we do business.
- Promote sustainable development by incorporating social responsibility, and environmental renewal in our decision-making process.
- Hold all employees and members of our supply chain accountable for the implementation of our HSE policies and principles.
- Review the HSE policy periodically to ensure that it remains relevant and appropriate.
- Work continuously to improve safety and environmental performance by setting attainable improvement targets.
- Commit adequate resources that support this policy.
Safety is Our #1 Core Value
Since our initial public offering in 2012, we have achieved a steady decrease in our total recordable incident rate by setting aggressive targets and holding our fellow employees to a high standard. We have implemented a standardized system to track all incidents, near-misses, and observations, and maintain a continuous improvement approach to our safety program.
Safety Results 2018-2021
LTIR = Lost Time Incident Rate
TRIR = Total Recordable Incident Rate
FACR = First Aid Case Rate
NMFR = Near Miss Frequency Rate
We are also working to ensure that our contract workers follow all our safety standards. Each contract worker completes a safety orientation program when they begin working with us. Contract labor incidents are included in our overall safety statistics.
Our Environmental Focus
FET is committed to protecting the environment in which we live and work. Our overall goal is to minimize our environmental impact. We continuously monitor our climate and environmental policies, laws, and regulations to help shape our business practices. We are also actively engaged in improving our air quality and waste management program.
We have a team of employees that not only work to improve safety, but they are also focused on environmental issues across the globe. This team continues to standardize and deploy best practices. These actions were contributing factors to our achievement of zero significant or reportable spills in 2020 and 2021.
FET has been involved in several real property acquisitions and divestitures, and practices environmental evaluation and disclosure. Environmental risk assessments from independent third-party environmental firms are performed to ensure environmental integrity upon entry and departure.
We generate negligible GHG emissions. FET uses independent, third-party environmental companies to review, calculate and report emissions at both the state and federal levels.
Approximately 70% of our 2021 GHG emissions stem from electricity consumption (scope 2 emissions). We are continuing to look for ways to reduce emissions through machine enhancements, vendor relations, and new technologies.
All manufacturing sites monitor and report, if required, a toxic release inventory (“TRI”) report on a yearly basis. Sites exceeding the TRI threshold report these emissions at the state level. Our goal is to continue to reduce emissions NOx, SOx, and other significant air emissions. We endeavor to track and report all air emissions. Currently only our sites in Oklahoma require air emissions reporting and this quantitative information is disclosed below.
We are a manufacturer of equipment used in the renewable and non-renewable energy sectors. We are committed to reducing our energy consumption across our footprint and have made improvements towards this end. 100% of our consumed energy below is derived from the grid. Outside of the grid, zero percent of our energy procured is from renewable sources.
We are shifting to energy-efficient lighting, using inspections to ensure equipment (machines, cranes, forklifts, etc.) is operating in good condition and only when needed, working to transition to electric-power forklifts, and challenging equipment vendors to offer more efficient options and upgrades. In addition, we are seeking out ways that we can utilize renewable energy. In 2021, a plan offered by the utility provider, one site utilized renewable energy for 12% of its energy requirements. With this success, over the next two years we intend to meet a greater proportion of our overall energy needs with renewable energy.
*For certain owned properties that are subleased, the lessee maintains financial responsibility for such expenses. As a result, the data provided does not include energy usage for such properties.
Through our supply chain and HSE teams, we actively seek opportunities to recycle operational materials. We also educate our employees on universal waste management and hazardous waste awareness.
All of our U.S. manufacturing sites report total hazardous waste generation through Toxic Release Inventory (TRI) and Hazardous Material Storage Reporting (Tier II), which is reported annually to state, federal and local government environmental agencies. Our non-US manufacturing sites are required to comply with the hazardous waste disposal regulations for their location of operation.
Our program utilizes licensed waste brokers to properly dispose of hazardous, non-hazardous, and universal waste streams. These transactions are documented with waste manifests at each FET site.
At our manufacturing sites, we have implemented pollution prevention plans in order to identify waste reduction and recycling opportunities, and eliminate both hazardous and non-hazardous waste streams. Also, many of our facilities perform annual waste audits to confirm that our processes are being followed and to identify further waste reduction opportunities.
We partner with vendors on ways to conserve operational resources and handle waste responsibly. Reduction efforts include wood pallet and cardboard recycling, aerosol can crushers, and the use of tablets to reduce paper usage. We also utilize onsite oil recycling equipment.
We seek to minimize environmental impacts and invest time in industry best practices for our operations. Our employees are trained and required to operate in a manner that protects the environment. Our operations are monitored by Health, Safety and Environment (HSE) professionals with specialties in safety, industrial hygiene, and environmental protection.
We have water recycling programs at several of our facilities. Examples include:
- Wash bay water recycling is performed via oil/water separators and holding tanks.
- Water is reused in our hydrotesting processes.
We do not operate in areas of critical habitats or other areas with recognized high biodiversity value. We do partner with our customers to comply with their biodiversity and other policies related to the protection of local wildlife as requested. As our company grows in size and has the resources available, we intend to further invest in this area.
FET utilizes fleet vehicles for service, sales, and delivery. FET tracks fuel usage, fleet size and age for Company owned and leased vehicles. In addition, Department of Transportation registered vehicles utilize Electronic Logging Devices to track mileage and fuel usage.
We have made significant progress in reducing fuel consumption and petroleum-based products by replacing older vehicles with newer, more efficient units. Our fleet utilizes gasoline purchased in the retail market. Outside of this, zero percent of our fleet fuel consumption is from renewable sources. Within the last four years, FET has removed 62% of its company owned vehicles from service.
FET is further reducing fuel consumption through fleet driver training courses, GPS tracking, preventative maintenance tracking, and pre-trip inspections.
* Data not tracked for these periods.
Non-Profit and Political Contributions
None of our directors serves as a director, executive officer, or employee of a non-profit organization to which we made payments or contributions more than $25,000 over the last three fiscal years. During 2021, FET did not use corporate funds for the purpose of political advocacy or campaign contributions. Corporate funds were also not directed to trade organizations with the intent to influence legislation. FET does make an annual membership payment of $20,000 to the Energy Workforce & Technology Council. Through this membership, FET is able to network with other industry professionals to discuss best practices, including in respect of Health, Safety and Environmental matters, personnel development, and workforce diversity.
Workforce Diversity (As of January 2022)
Source (US workforce and oil & gas industry date): Energy Workforce & Technology Council