ESG

Overview

Our Approach to ESG

At STEP, we understand the importance of integrating responsible and sustainable business practices into our business strategy — for the well-being of our professionals, our communities, and our world.

With a focus on transparency, collaboration, and continuous improvement, we strive to deliver our services with the highest standards for environmental stewardship, social responsibility, and corporate governance.

From reducing our operational footprint through efficient operations, to prioritizing the health and safety of our professionals and our communities, sustainability is at the core of everything we do.

“STEP is known for our relentless pursuit of flawless execution, our passion for building a unique company culture, and our ability to inspire possibility thinking.”

Steve Glanville
President and CEO – STEP Energy Services

Environmental Responsibility

EVOLVING FOR THE ENVIRONMENT

STEP proactively seeks opportunities to improve operational efficiencies, minimize environmental impact, and support our clients’ sustainability goals. We can achieve these goals by integrating innovative technologies and practices — without compromising the delivery of an Exceptional Employee Experience.

Our environmental priorities include:

Reducing GHG emissions
Improving fuel efficiency
Protecting air quality
Reducing freshwater use
Preventing spills
Safely managing chemicals

Proof points:

By using dual-fuel equipment, we helped clients displace ~26.7 million liters of diesel with natural gas in 2023.
In 2023, we introduced 59,750 HP of dual-fuel technology to our Canadian fleet, and 59,000 HP to our U.S. fleet. Across all locations, 62% of our pressure pumping fleet was considered dual-fuel capable at the end of 2023.
Many of our active frac pumps in Canada have been upgraded with idle reduction kits to reduce the unnecessary fuel, emissions, and accumulated hours not related to performing a service, therefore improving fuel efficiency and extending productive engine life. At the end of 2023, 32 (80,000 HP) of our pumps had this technology.

Social Responsibility

Unwavering Focus on Safety

STEP’s safety culture starts from the top, with strong leadership that sets clear expectations and empowers professionals to prioritize safety in all aspects of their work.

We provide comprehensive training and resources to ensure that our team members are equipped with the knowledge and skills to perform their jobs safely. STEP fosters a collaborative environment where open communication and reporting of safety concerns are encouraged. We are dedicated to continuously improving our safety practices to protect our professionals, clients, and communities.

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Proof points:

Safety is our first priority and first core value.
ASAP (Always Safe Always Professional) is practiced and reinforced each day.
At our U.S. service centers and field locations, we saw a 26% decrease of our Total Recordable Incident Rate (TRIR) in 2023 compared to 2022.
Our professionals drove >29M kilometers in 2023, with a significant decrease in the number of motor vehicle incidents.
We scored in the highest percentile in the 2023 COR safety audit.

Social Responsibility

Supporting our communities

We are committed to building long-lasting partnerships with our stakeholders, and to the well-being of our professionals, clients, and communities.

By giving back to local communities through charitable foundations, events, and activities that are aligned with our core values, we uphold our social commitment and create positive social impacts.

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Proof points:

STEP has raised over $1.2M for charitable organizations throughout North America.
Since its inception, STEP professionals have raised more than $930,000 for local charities through our annual Christmas Spirit Campaign.
We have long-term relationships with academic institutions, such as Red Deer Polytechnic, to help support the development of high-quality education and training opportunities for students interested in pursuing careers in the energy sector.

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Social Responsibility

Indigenous Engagement and Mutually Beneficial Relationships

As an important part of community relations, STEP collaborates with Canada’s Indigenous communities to build relationships based on transparency, trust, mutual respect, and accountability.

Through our Indigenous Engagement and Relations program, we aim to:

Governance and Ethics

Highest Standards in Governance

Strong governance is essential to maintaining trust and transparency, ensuring compliance with laws and regulations, and driving sustainable business practices. We are committed to upholding the highest standards of governance and ethical behavior.
We have implemented robust governance frameworks, policies, and processes that promote accountability, integrity, and compliance with applicable laws and regulations.

Our governance priorities include:

Annual code of conduct training
Whistle Blower Policy compliance
ISS Equity Plan Scorecard evaluation

Leadership

We believe that an experienced leadership team and sound governance are essential to maintaining our competitiveness and long-term sustainability. We value diverse expertise and perspectives at all levels of leadership.

Ethics

STEP follows robust ethical, legal, and regulatory standards and our behaviours are guided by our policies and practices. We prioritize setting company-wide expectations, providing annual ethics training, and addressing reported concerns.

Corporate Governance Documentation

Along with the executive leadership team, STEP’s Board of Directors are responsible for stewardship and corporate governance of the organization. Our Board members are energy services experts and experienced industry professionals.

The Board provides oversight through the Audit Committee, the Health, Safety & Environment Committee, and the Compensation & Corporate Governance Committee.

Documentation

Board of Directors

Audit Committee

Compensation and Corporate Governance Committee

Health, Safety and Environment Committee

Amended and Restated By-law No. 1

Articles of Amendment

Career Opportunities in Canada

Career Opportunities in USA

Head Office

Bow Valley Square II
1200, 205 - 5th Ave SW
Calgary, AB T2P 2V7

Main: 403-457-1772
USA: View Office Listings
Canada: View Office Listings

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