Message From Our CEO
What a difference a year makes.
Last year at the writing of our 2020 report, we had experienced one of the most difficult periods in our company’s history. The Covid-19 pandemic and the ensuing shut down of our economy had an adverse impact on our business and the country.
Forecasting the economic impact of these ongoing conditions, we made the proactive decision to cut costs to ensure our financial and operational sustainability. These actions although difficult, provided the catalyst for a tremendous turnaround in 2021.
Instead of taking a wait-and-see approach during this uncertain period, we doubled down on our commitments to operational excellence, training our people, collaborating with customers on new innovations, and working for our communities.
Our results speak for themselves:
• Revenue 50% increase
• Headcount 64% increase
• Contributed $6.8M to our communities and charities
• Expanded into international markets
We define Sustainability as: Corporate activities that maintain or enhance our ability to create value over the long term while ensuring the conservation of our environment, consideration for the people and communities we serve, and the standards of running a business.
Our Corporate Social Responsibility strategy has not changed.
We remain committed to:
• Focus on carbon footprint reduction and sustainability
• Focus on employee growth and community involvement
• Focus on integrity and our Culture of Excellence
To promote Sustainability and drive the long-term value of our business, we made the decision to get very clear on our goals and expectations. We revised our Vision, Mission, Purpose, and Plan. Instead of aspirational platitudes, we are communicating very specific actions to our stakeholders which are detailed in this report.
This 2021 Sustainability Report is a tribute to the hard work and dedication of the entire Deep Well Services team. We responded to the challenges of 2021 with grit and determination. Most importantly, we remained “One Team – One Family”.
Chief Executive Officer