North America-US Menu Search Home About Cameron 2014 Sustainability Report Inventing. Collaborating. Leading. How Cameron builds sustainability. Letter from the CEO Cameron intends to be a sustainable company in a sustainable world. For Cameron, sustainability represents living our beliefs by operationalizing our core values of integrity, responsibility, innovation, excellence and collaboration, putting into action our overriding commitment to safety. We call this values system The Cameron Way. Businesses committed to sustainable development create deep economic value for themselves and their customers, and contribute to healthy and safe ecosystems and strong communities. At Cameron, business sustainability guides how we manage our financial, social and environmental risks, obligations and opportunities. We see sustainability as an aspect of enterprise-wide risk assessment and risk management, including cost savings, cost avoidance and value-added efficiency. This report’s theme of Inventing. Collaborating. Leading. puts a spotlight on key drivers of our sustainability activities. These three constants run through our Company’s business activities and did so during this sustainability reporting period of 2013-14. We made encouraging progress on sustainability issues in these past two years, particularly in safety, governance, environmental stewardship and risk management. Since our last report, we highlight both notable progress as well as the challenges that remain ahead. For Cameron, safety is core to our business, and we look at it in two ways. The first is internal to our Company, our employees; and the second is external, our products. Cameron’s business itself is about supporting the energy industry with products to ensure the health and physical well-being of communities and customers. Our products keep potentially harmful materials in, sealed tight and safe – whether in flow control, pressure control whether at the wellhead, pipeline or petrochemical plant. Products we invent and manufacture help other industries deliver their products in a safer and more efficient and environmentally sustainable way. Cameron employees take pride in what our business does—and rightly so: we create the flow control technology that energizes the world. Because it is essential that we operate safely, measures of safety are embedded in our incentive compensation system. As a result of this engagement, our overall employee safety record in 2014 was our best ever. We proudly exceeded our previous bests, as measured by a total recordable incident rate (TRIR) of 0.68. This was a big achievement, and we aim to do even better. Continuing to improve safety for our people and our customers is a high priority for me personally and for everyone at Cameron. With collaboration at our core, Cameron worked with outside experts to deliver innovative uses of nanotechnology that will help improve environmental protection, especially at extreme temperatures and pressures. This is but one example among many in environmental stewardship for Cameron. Building on our heritage of inventing, we achieved year-over-year increases in patent filings and patents granted for both 2013 and 2014. The patents Cameron earns generally result in improved ways to control pressures and flows, often directly protecting the surrounding environment from potential damage. During this reporting period, we made important progress in risk management, an important element of our sustainability efforts. Risk assessment is the management process of identifying threats to our business environment which could compromise the Company’s longevity or prosperity, whether actually or potentially. The purpose of identifying risk is to position ourselves to proactively eliminate, minimize or manage those threats, while also identifying opportunities to enhance our sustainable business practices. Risk assessment protects the entire enterprise and each of its parts, increasing our understanding of the importance and need for sustainable practices and sustainable growth, as well as our ability to achieve ongoing success. In spite of challenges presented by the current market environment, our intent is to remain fully engaged with our customers and our employees; to be flexible as we approach changing challenges, and to stay focused on safety and the things we can control. We will keep our eyes on our long-term priorities. We will invest in our people and our technology. We look to nurture our global citizenship and to minimize our global footprint. We recognize the path to sustainability has no finish line. It is a journey of relentless attention to detail and striving for unending improvement. Our core values will continue to guide us on that road. Our key drivers—Inventing. Collaborating. Leading.— will serve us well as we build a more sustainable future. JACK B. MOORE Chairman and Chief Executive Officer 2014 SUSTAINABILITY REPORT Letter from the CEO About this Report Governance Ethics & Compliance Health & Safety Environmental Stewardship Community & Society Employee Engagement Leadership Quick Reference Guide Download Report CAMERON'S BUSINESS SEGMENTS Subsea Our subsea business is primarily conducted through OneSubsea™, a Cameron and Schlumberger company, managed by Cameron and consolidated into our results. The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market. Integrated subsea production systems involve wellheads, subsea trees, manifolds and flow-line connectors, subsea processing systems for the enhanced recovery of hydrocarbons, control systems, connectors and services designed to maximize reservoir recovery and extend the life of each field. Surface Cameron’s Surface segment designs and manufactures complete wellhead and Christmas tree systems for onshore and offshore topside applications. This segment has an extensive installed base of equipment and is collaborating with customers around the world. Our Surface segment is not only the industry’s largest provider of surface completion and production equipment but also has a large services business in each of its markets. One of the major services provided by the Surface segment is CAMSHALE™ Production Solutions, which specializes in shale gas production. Drilling Our Drilling segment is one of the leading global suppliers of integrated drilling systems for onshore and offshore applications. We are inventing the products and solutions for our customers that include shipyards, drilling contractors, exploration and production companies and rental tool companies. Equipment we design and manufacture include blow-out preventers (BOPs), control systems, drilling risers and valves, manifolds and other rig products, parts and services. Because of an increased focus on safety and tighter regulation, Drilling has seen an increase in customers wanting to re- certify BOP stacks or to replace aging equipment. Valves & Measurement Our V&M segment includes businesses that provide valves and measurement systems primarily used to control, direct and measure the flow of oil and gas – from individual wellheads through flow lines, gathering lines and transmission systems to refineries, petrochemical plants and other fluid processors. V&M’s product line offers many kinds of specialized valves as well as sophisticated measurement products including totalizers, meters and sampling systems. Because many of its products are highly technical, V&M’s marketing effort is supported by a collaboration of engineering specialists. Challenges Products & Services Company Resource Library Contact Us OneSubsea Transact Login Investors Locations Careers Tradeshows Follow Us Privacy Policy Terms of Service Site Map LinkedIn © 2015 Cameron. All rights reserved.