Environmental Policy for Marwell AS

Environmental Policy

1. Purpose

Marwell AS is committed to conducting its business in a manner that protects the environment, prevents pollution, and promotes the sustainable use of resources. We recognize that responsible environmental management is integral to our long-term success, the trust of our stakeholders, and the well-being of future generations.

2. Scope

This policy applies to all Marwell AS operations, employees, contractors, and partners. It guides our decisions, actions, and innovation across the lifecycle of our products and services within the well completion and intervention industry.

3. Our Commitments

3.1 Compliance

We will comply with all applicable environmental laws, regulations, standards, and other obligations relevant to our operations and the markets in which we operate.

3.2 Pollution Prevention and Resource Efficiency

We are committed to preventing pollution and minimizing our environmental footprint by:

Reducing energy, water, and material consumption across our activities.
Managing waste responsibly, prioritizing reduction, reuse, and recycling as per our Waste Management Plan.
Designing products and solutions that contribute to lower emissions and waste in our customers’ operations.
Including pollution prevention in our risk management process as part of our Risk Management Procedure.

3.3 Continual Improvement

We will continually improve our environmental performance by setting and reviewing measurable objectives and targets, supported by management review and employee engagement.

3.3.1 Quarterly Strategy Meeting

Each quarter a meeting is arranged to discuss business strategy, project progress, etc. and this provides an opportunity for all employees to contribute suggestions for continual environmental improvement. Actions are recorded and assigned to an appropriate ‘owner’ and progress is recorded as part of the Environmental Aspects and Impacts register.

3.4 Innovation for Sustainability

Through technological innovation, we aim to reduce environmental impacts associated with well completion and intervention. This includes the development and use of:

Composite and dissolvable materials to reduce waste and environmental exposure.
Wireless systems and advanced designs to minimize resource use and operational footprint.

3.5 Responsible Procurement and Partnerships

Environmental aspects are considered in all procurement decisions and we aim to collaborate with suppliers, partners, and clients who share our commitment to sustainability.

3.5.1 Suppliers and Vendors

Where possible, Marwell AS chooses suppliers and vendors with ISO 14001 accreditation, and ISO 14001 status is logged as part of the Supplier and Vendor List.

3.6 Awareness and Engagement

We promote environmental awareness among our employees and stakeholders during quarterly meetings and at other appropriate opportunities, ensuring that our values and practices support sustainable operations and continuous improvement.

4. Implementation and Review

This policy will be communicated to all employees, contractors, and stakeholders, and made publicly available on our website. Marwell AS will review this policy annually to ensure its continued relevance, effectiveness, and alignment with our strategic goals and environmental responsibilities