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Message ®Sustainability Report 2024Pioneering Emissions Management Technology, Equipment, and Services for a Sustainable Energy Future
cimarron 2creating a cleaner environment®Table of contentsINTRODUCTION About this Report Letter From Our CEO 2024 Sustainability Highlights Cimarron at a Glance Experts in Emissions ControlOur Solutions Drive Sustainability Progress Sytelink360® Technology Innovation REDUCING ENVIRONMENTAL IMPACT Mission: Creating A Cleaner Environment®The Emissions ChallengeThe Emissions Opportunity Regulatory Frameworks Targeting MethaneEmissions Reduction Case Studies Cimarron’s Environmental Impact INVESTING IN OUR BUSINESSEmployee Development Programs Commitment to SafetyStandards & Human RightsIMPACTING OUR COMMUNITIESCommunity Impact2024 Charitable Service EventsMAINTAINING GOVERNANCE STANDARDSBoard of DirectorsEnterprise Risk Management Third Party Audits & Accountability Ethics & Compliance Responsible SourcingAPPENDIXCimarron’s ESG KPIs SASB Index GRI Index Materiality Mapping Footnotes & Disclosures 3468101213181920222426303133363742434445464748505253
introduction environmental social governance appendix3about this reportAs a leading provider of environmental solutions, Cimarron is committed to advancing sustainability within our organization and across the diverse communities and clients we serve. Our dedication to responsible business practices is embedded in every aspect of our operations, fostering a culture of continuous improvement.This report provides insights into our sustainability strategy, supported by performance metrics that demonstrate our ongoing progress. Sustainability principles are integrated throughout our business to ensure we not only meet but exceed industry standards where possible. All Environmental, Social, and Governance (ESG) data presented in this report pertains to the calendar year 2024, unless otherwise noted, offering a transparent and comprehensive assessment of our performance, voluntary disclosures, and opportunities for further improvement.Alignment with Sustainability Frameworks Cimarron’s ESG reporting aligns with leading industry frameworks, including the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). Our disclosures reect material topics identied by our management team and adhere to the methodologies established by the World Resources Institute Greenhouse Gas Protocol for emissions estimates and reporting.DisclaimerThe contents of this 2024 Sustainability Report are the property of Cimarron. This information is provided for informational purposes only and should not be considered legal, tax, or investment advice, nor does it constitute an offer to sell or a solicitation to purchase an interest in the company.
cimarron 4creating a cleaner environment®Dear Stakeholders,This is a transformative time for Cimarron. As a tech-enabled solutions provider, we are leveraging decades of expertise across our distinct brands to evolve into an industry leader—offering premier equipment, advanced eld services, and cutting-edge technology solutions. At a time when operators are navigating an increasingly complex and dynamic regulatory landscape, our equipment, smart hardware, software, and service solutions are more critical than ever. In recent years, we have made signicant strides in execution, particularly in delivering custom projects, and we remain committed to enhancing the customer experience through engagement, an unwavering focus on quality and service, and a culture of excellence.Our Sytelink360® technology is at the forefront of innovation, integrating machine learning to optimize operations. By extending service intervals and reducing oil consumption, lter replacements, mileage, and other consumables, we help customers lower their total cost of ownership while improving sustainability performance.2024: A Year of Progress and Impact Reecting on the past year, Cimarron has continued its growth trajectory, expanding into new markets, acquiring new customers, and introducing new products—all while delivering strong nancial performance for our shareholders. Our unwavering focus on safety has yielded remarkable results, with an industry-leading incident rate of 0.17, marking a 79% year-over-year improvement and one of the best safety records in our company’s history. A letter from our CEOAs a technology-enabled solutions provider, Cimarron is well-positioned to solve increasing customer challenges through innovation and execution.Jeff Foster President and CEO
introduction environmental social governance appendix5Our portfolio of environmental solutions has once again delivered outstanding outcomes for customers across the energy, industrial, and biogas sectors. Compared to industry-standard technologies, Cimarron’s emissions mitigation solutions helped prevent over 1,500,000 tonnes of CO₂e and 62,000 tonnes of VOC emissions. Beyond our business operations, our commitment to community engagement remains steadfast. In 2024, we organized over 25 community impact events, contributed more than 400 hours of community service, and donated $19,000 to charitable initiatives. Sustainability remains central to our mission, as reected in our continued participation in EcoVadis Sustainability assessments, where we have consistently improved our performance score since our initial disclosure in 2021. Innovation and a Vision for the Future Strategically, we have made signicant strides in advancing our Sytelink360® Real-Time Monitoring platform, including enhancements to Visual Automation capabilities. As regulatory requirements evolve and operators increasingly prioritize sustainability performance, emissions management, and low-carbon commodity delivery, Cimarron stands as a trusted compliance partner. Our focus on data-driven emissions management, equipment optimization, and technology-enabled services reinforces our commitment to helping customers Create a Cleaner Environment®. In the following pages, you will nd insights into our comprehensive approach to addressing the challenges facing the energy sector, the environment, infrastructure, and communities. Your feedback and partnership are invaluable as we continue to drive sustainable progress. I extend my sincere gratitude to our stakeholders for their ongoing support and collaboration. Jeff Foster President and CEO
cimarron 6creating a cleaner environment®Core ValuesWe aspire to be good citizens in the communities we serve and on the world stage. We share core values as to how we treat each other, serve our customers and hold each other accountable for achieving our business objectives and our broader sustainability goals. Those core values originated from workshops involving key leaders from across the company with the notion that shared values bring safety, alignment, trust and teamwork that promotes individual and corporate success which all constituents STRIVE to achieve.2024 Sustainability Highlights0.17 $19,200zero1.5 Million and 62,000 tonnes of Co2e and voc emissions mitigated400+SAFETYEMISSIONS MITIGATIONCOMMUNITY SERVICERecordable Field Recordable Field Service IncidentsService IncidentsThrough the use of Cimarron’s products that perform above the industry standardThrough the use of Cimarron’s products that perform above the industry standardCommunity Service Community Service Hours Across Hours Across Colorado, Texas, Colorado, Texas, Oklahoma, OhioOklahoma, OhioTRIR Representing TRIR Representing Industry Leading Industry Leading Safety PerformanceSafety PerformanceCharitable Charitable DonationsDonations
introduction environmental social governance appendix755% increase in assets monitored13,000 engineering hours$530,000 grant fundingTECHNOLOGY INNOVATIONVia sytelink360Via sytelink360®® which which increases uptime & Production increases uptime & Production and reduces emissionsand reduces emissionsInvested in product Invested in product developmentdevelopmentawarded through awarded through REMEDY programREMEDY programSAFETY TEAMWORK RESPECT INTEGRITY VALUE EXCELLENCE
cimarron 8creating a cleaner environment®cimarron at a glanceWith decades of operating history and innovation across our trusted brands, Cimarron provides technology-driven emissions management solutions for the global energy system. Our leading-edge products, services, and real-time monitoring systems reduce emissions, optimize operations, ensure regulatory compliance, and drive sustainability progress for our customers operating in oil & natural gas production, energy storage & distribution, renewables & biogas, coal mine methane, and certain industrial end markets. In addition to being present in all major domestic energy regions, Cimarron serves more than 45 countries around the world from key operational centers in the United States, Italy, India, the United Kingdom, and the United Arab Emirates. We are proud to be partnering with our valued customers in Creating a Cleaner Environment®. Cimarron is headquartered in Houston, Texas with approximately 561 employees serving our global customer base. In addition to being present in all major regions in the U.S., Cimarron operates across more than 45 countries around the world. We support our customers from sales, engineering, manufacturing, and eld service locations across the United States, Italy, India, the United Kingdom, the Netherlands, and the United Arab Emirates, further supported by our network of international partners.ServicesCimarron’s skilled eld service technicians provide comprehensive support across key U.S. and select international energy markets. Our full-service capabilities cover Cimarron and third-party equipment, including installation, maintenance, customer support, rentals, retrots, upgrades, and parts sales, ensuring optimal performance and reliability.TechnologyOur technology-driven solutions enable seamless connectivity, real-time monitoring, and remote management to enhance operational uptime and efciency. Our agnostic data platform, powered by machine learning and predictive analytics, optimizes equipment performance, enables proactive maintenance, and drives measurable emissions reductions.EquipmentCimarron is a premier provider of emissions control and processing equipment solutions, with robust design, engineering, and manufacturing capabilities. Our extensive installed base of over 14,500 units1 across global energy markets continues to operate reliably, capturing and destroying emissions to support our customers’ environmental goals.1. Excludes third-party units; represents units installed since December 2016 through December 2024.
introduction environmental social governance appendix9Global Operational FootprintBelpre, OHTulsa, OKCarlsbad, NMNorman, OKEvans, COMidland, TXPleasanton, TXMarlow, OKWheat Ridge, COAustin, TXHouston, TXCimarron HQEngineering/Technical SupportField Service, Sales & Product ManagementManufacturingManufacturing & Field ServiceITALY NETHERLANDS UNITED KINGDOM UNITED ARAB EMIRATESINDIAINTERNATIONAL LOCATIONSMilan Coevorden Portsmouth Abu DhabiMumbaiMinot, ND
cimarron 10creating a cleaner environment®KEY MARKETSHydrocarbon Handling & ProcessingCimarron’s solutions enhance the safe and efcient production of hydrocarbons by reducing emissions, ensuring regulatory compliance, and integrating Sytelink360® technology for performance optimization.IndustrialCimarron’s supplies emissions control solutions for industrial facilities, including reneries, power plants, petrochemical complexes, and manufacturing sites with process GHG emissions.Coal Mine MethaneCimarron’s solutions capture and destroy excess methane released during coal extraction and abandoned mine remediation, utilizing methane drainage systems for safer and more sustainable operations.Renewables & BiogasCimarron’s emissions control technologies capture and combust excess gases at RNG and biogas facilities, including landlls, agricultural operations, food and beverage processing, and wastewater treatment.Energy Storage & DistributionCimarron provides emissions control solutions for midstream and downstream applications, mitigating methane and other pollutants during processing, storage, and distribution to downstream customers.Experts in emissions control
introduction environmental social governance appendix11EMISSIONS MANAGEMENT SOLUTIONSTechnology and engineered equipment for destroying emissions efciently or recovering emissions for return to the value chain.SYTELINK360® TECHNOLOGYTechnology-enabled solutions that provide customers with connectivity, remote monitoring, remote management, data-driven insights, and smart eld services.PRODUCTION & PROCESSING EQUIPMENTEngineered equipment that facilitates the extraction, separation, treatment, and transportation of hydrocarbons. SOLUTION SEGMENTSAFTERMARKET PARTS & FIELD SERVICESComprehensive service, parts, maintenance and support for Cimarron and third party equipment coupled with remote monitoring.
cimarron 12creating a cleaner environment®CO2Our Solutions Drive Sustainability ProgressEnvironmental StewardshipEnvironmental stewardship is an increasingly crucial aspect of the operations of the energy value chain. We embrace environmental stewardship and support our customers’ efforts to protect ecosystems, reduce carbon emissions, conserve resources, and promote sustainable operating practices. By helping our customers reduce carbon emissions per unit of hydrocarbon production, we actively contribute to supporting a cleaner environmental ecosystem.Regulatory ComplianceWe are committed to partnering with our customers as they enhance their sustainability performance to meet evolving environmental regulations (e.g., EPA, EU) and initiatives like OGMP 2.0. Through proactive collaboration and unique solutions, we empower clients to achieve current compliance and prepare for future regulatory changes. Our goal is to be a strategic asset in navigating the evolving landscape of emissions management.Reputation & Social ResponsibilityPublic awareness and concern about environmental issues associated with energy production have grown signicantly. Adopting emissions control technologies allows oil and natural gas companies to enhance their reputation, demonstrate social responsibility, and align with the expectations of stakeholders, including investors, customers, and communities.Economic ViabilityTransitioning to a lower-cost, lower-carbon economy is increasingly important for business strategies and investor interests. By implementing Cimarron’s emissions control technologies, energy companies can better position themselves for strong long-term economic viability and become more agile to adapt to changing market dynamics, while reducing operational costs.Technology AdvantageEmbracing technology-driven emissions reduction initiatives fosters innovation and competitive advantage. At Cimarron, we pioneer advanced emissions control technologies that provide our customers with opportunities to achieve a competitive edge through efciency, cost reduction, community and stakeholder reputation, risk management and sustainability differentiation.Emissions ReductionCimarron’s solutions are critically important to capturing and destroying methane, carbon dioxide and VOC emissions to help Create a Cleaner Environment®. Compared to industry standard equipment performance and operating benchmarks, Cimarron’s emissions mitigation solutions helped prevent over 1,500,000 tonnes of CO₂e and 62,000 tonnes of VOC emissions in 2024.
introduction environmental social governance appendix13Sytelink360® Technology InnovationThroughout 2024, we continued to invest in developing our Sytelink360® Real Time Data Monitoring platform including the exciting addition of Visual Automation. The Sytelink360® Real-Time Data Monitoring platform is an agnostic, plug-and-play SAAS solution that seamlessly integrates with IoT devices, SCADA systems, eld hardware, and customer datasets. Our approach involves incorporating our proprietary intelligent edge connection device, Opti Link®, with Cimarron and/or third-party smart eld hardware devices, enhanced by data analytics, machine learning, and advanced workows. This integration delivers crucial intelligence to optimize eld service crews. Utilizing software to optimize oil and gas facilities is essential for enhancing labor efciency, reducing call-outs, controlling emissions, and increasing equipment uptime. These advanced solutions enable real-time monitoring and predictive maintenance, ensuring operations run smoothly and sustainably.WITH SYTELINK360®, CIMARRON GUARANTEES ASSET PERFORMANCE AND FACILITY UPTIME.
cimarron 14creating a cleaner environment®REMOTE ASSET MONITORING The Sytelink360® solution is an affordable yet effective system for facility equipment management, incorporating cutting-edge articial intelligence and machine learning to detect, diagnose, optimize, verify, report and retrain operating models. Using eld data combined with onsite 24/7 OGI cameras to continuously and remotely monitor and manage emissions and air pollutants, our approach minimizes alarm noise and false positives, focusing on the precise alerts that reveal underlying causes, enabling teams to make informed operational decisions. The result is enhanced availability, productivity, reduced maintenance, and increased efciency of critical facility equipment.REMOTE DIAGNOSTICS & FIELD SERVICE SUPPORTSytelink360® revolutionizes eld service operations by equipping our customers and our regional technicians with instant alerts, remote troubleshooting capabilities and efcient dispatching to on-site locations. Our technicians stay ahead of potential issues, proactively addressing them before they escalate, thereby ensuring uninterrupted operations and maximizing equipment uptime. This innovative platform empowers our team to deliver swift, effective solutions, minimizing downtime and enhancing overall customer satisfaction.REGULATORY COMPLIANCE & SAFETYNon-compliance with emissions regulations carries severe legal and nancial implications. Regulatory bodies are progressively imposing nes, penalties, and sanctions on energy companies that fail to meet compliance standards, leading to substantial nancial setbacks and reputational damage. Sytelink360® is frequently integrated in conjunction with Vapor Recovery Units, Enclosed Combustors, Flares, and Tank Hatches, all of which are essential for maintaining peak operational performance to ensure adherence to both state and federal environmental regulations.DATA QUANTIFICATION & REPORTINGWith Sytelink360®, users gain access to highly adaptable reporting dashboards with embedded quantication tools, empowering them to monitor the status of their assets on an individual device level or within specied groups. These assets can be grouped based on various criteria, such as location, function, or business group, offering exibility and organization.Sytelink360® Provides Data-Driven Software For Emissions Management
introduction environmental social governance appendix15ARC®Burner Management (BMS) &Emissions Remote Monitoring SystemNOVENT®Smart Hatch MonitorOPTI LINK®Bi-Directional Remote Data GatheringVISUAL AUTOMATIONGas and Safety Monitoring and DetectionDRE-MAX®Smart Controller for Combustion Products
cimarron 16creating a cleaner environment®REDUCING ENVIRONMENTAL IMPACTCimarron is at the forefront of environmental stewardship, delivering advanced technologies and engineered solutions that help the energy and industrial sectors in Creating a Cleaner Environment®. As a strategic partner, we empower our customers to maximize production efciency while reducing emissions—navigating the complexities of evolving regulations and the global push for rapid decarbonization. Beyond supporting our customers, we are committed to reducing our own emissions intensity. Through continuous innovation, we are advancing our environmental stewardship in both our operations and across the industries we serve. At Cimarron, sustainability isn’t just a goal—it’s integral to everything we do.
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cimarron 18creating a cleaner environment®IMPACT STUDY: SYTELINK360® DELIVERS COMPLIANCE SOLUTION TO OPERATOR’S EPA CONSENT DECREE AND FINAL SETTLEMENTFULL EPA EMISSIONS MONITORING COMPLIANCEREDUCED OPERATIONAL RISKREDUCED METHANE & VOC EMISSIONSSTREAMLINED DOCUMENTATION & REPORTINGCustomer Challenge: Following aerial yover investigations between 2020 and 2022, the EPA issued a consent decree against a Midstream Operator in September 2024, imposing a civil penalty and enforcing regulatory requirements for advanced monitoring and emission control measures.Cimarron Solution: Cimarron delivered the customer with a Sytelink360® Real-Time Performance Monitoring Solution, including by advanced Visual Automation OGI technologies for 24/7 visual monitoring LDAR compliance, are monitoring, methane detection, tank monitoring sensors, and automated reporting and corrective action logs. The solution delivered tangible operational, environmental, safety and compliance-driven results:Remote Connectivity & NetworkingFlare Monitoring & DRE OptimizationTank Emissions MonitoringVisual AutomationMission: Creating a Cleaner Environment®
introduction environmental social governance appendix19There is no one-size-ts-all solution to achieving a sustainable energy future which hinges on the collaboration and innovation across diverse energy sources. The challenges of energy and sustainable development are compounded by the growth of populations and economies. As the world continues to expand, the demand for secure, dependable, and cost-effective energy will surge in the years ahead.To navigate this complex landscape, it is vital to ensure both energy security and accessible affordability while concurrently mitigating global emissions. This monumental task necessitates the convergence of all available energy resources, accompanied by investment and innovation.THE emissions CHALLENGE: MAXIMIZE ENERGY, MINIMIZE EMISSIONS0EMISSION REDUCTION OPPORTUNITIES1MethanemtCO2e1. IEA, Emissions reductions in the NZE Scenario, 2030, IEA, Parishttps://www.iea.org/data-and-statistics/charts/emissions-reductions-in-the-nze-scenario-2030, IEA. License: CC BY 4.0200 400 600 800 1000 1200 1400FlaringElectricationCCUSHydrogen
cimarron 20creating a cleaner environment®THE EMISSIONS OPPORTUNITY: CAPTURE, CONTROL & MONITORING TECHNOLOGYMECHANICAL VRUSMechanical vapor recovery is one of the most efcient ways of capturing the vapors generated from standard oil and gas production offering additional captured gas revenue and emissions reduction.FLARESStandard and custom ares optimize the air/gas mix to ensure combustion of waste gas across oil, gas, biogas, rening and other sectors. Continuous monitoring and a burner management system (BMS) is required to ensure that ares are in compliance with the new OOOOb/c EPA regulations.ENCLOSED COMBUSTORSEnclosed combustors destroy waste gas across oil, gas, biogas, rening, coal mine methane, industrial and other sectors. Continuous monitoring and a burner management system (BMS) is required to ensure that enclosed combustors are in compliance with the new OOOOb/c EPA regulations.CARBON VRUSCarbon vapor recovery units are used to capture the vapors generated from liquid-loading terminals, retail gasoline stations and other industries. Similar to mechanical VRUs, carbon VRUs enable the capture of additional gas revenue and emissions reduction.THERMAL OXIDIZERSThermal oxidizers/incinerators are advanced emissions control devices that treat and destroy pollutants and volatile organic compounds (VOCs) present in industrial exhaust gases.PRODUCTION EQUIPMENTProduction equipment is used to process, separate and distribute oil, gas and liquids from the wellhead to downstream customers including line heaters, fuel gas heaters, separators, treaters, glycol reboilers, dehyrators, gas production units and more.CENTRALIZED FACILITIESEnergy facilities are centralized points that typically contain various combinations of production equipment, tank batteries, ares and/or enclosed combustors. These facilities are regulated under OOOOb/c, benet form real-time data, and require regular eld services.CIMARRON’S ENGINEERED OEM EQUIPMENT PORTFOLIOCimarron is uniquely positioned to support operators in navigating increasingly stringent regulations focused on methane emissions reduction. Our equipment portfolio, including vapor recovery units, enclosed combustion systems, high DRE ares, and ultra-low NOx combustors, ensures compliance with stringent monitoring and control requirements. As the EPA intensies yovers and satellite monitoring of super emitters, our Sytelink360® technology enables continuous performance EMISSIONS CONTROL & PROCESSING EQUIPMENTCOMPREHENSIVE FIELD SERVICES
introduction environmental social governance appendix21SYTELINK360® TECHNOLOGY SOLUTIONSARC®DRE-MAX®VISUAL AINOVENT®monitoring and rapid response to emissions events. Additionally, Cimarron’s expert eld services teams provide on-demand maintenance and leak rectication, ensuring operators stay ahead of regulatory enforcement and avoid costly methane tax penalties. By integrating emissions control, data transparency, and compliance-driven solutions, Cimarron helps customers meet and exceed environmental standards while enhancing operational efciency.OPTI LINK®
cimarron 22creating a cleaner environment®U.S. GHG EMISSIONSMETHANE EMISSIONS BY SOURCE6%Flourinated Gases17%Other12%Methane29%O&G Production79%Carbon Dioxide8%Manure Management6%Coal Mining15%Landlls6%Nitrous Oxide25%Enteric FermentationMethane accounts for >50% of non-CO2e U.S. GHG EmissionsIn the U.S., methane emissions are concentrated in Oil & Gas, Landlls and AgricultureRegulatory Frameworks Targeting MethaneIn tandem with the corporate commitments to combat climate change, regulatory frameworks are increasingly targeting methane emissions due to their substantial impact on greenhouse gas concentrations. Methane, a potent climate pollutant with approximately 80 times the warming potential of carbon dioxide, has garnered signicant regulatory attention from international, national, state and local regulators. In the U.S., the EPA has identied that methane emissions are most prominently concentrated in oil and gas production, agriculture, landlls, manure management, coal mining and select other industries. The EPA has implemented regulations, monitoring and reporting requirements, and potential nes aimed at reducing methane emissions and improving overall environmental sustainability. In Europe, Regulation (EU) 2024/1787, which entered into force in August 2024, imposes strict monitoring, reporting, and mitigation obligations on oil, gas, and coal operators, covering both EU-based and upstream chain emissions, with initial reporting deadlines starting in 2025 and full compliance required by 2026.
introduction environmental social governance appendix23Implications on O&G OperatorsINCREASING SITE INSPECTIONS• New OOOOb/c rules mandate an increase of ~470% of manual inspections at well sites.• Optimal Gas Imaging (OGI) inspections require trained personnel to assess equipment and ensure compliance.SHIFT TO EMPIRICAL EMISSIONS CALCULATIONS• Changes to EPA Subpart W reect a fundamental shift in the methodology of calculating emissions.• Transition from formulas and emissions factors to measured emissions (source-level emissions over site-level emissions). FLYOVERS & SATELLITES IDENTIFY SUPER EMITTER EVENTS • The EPA is increasingly using drones, planes and satellites to identify and monitor super emitter sites (100kg/hr or 125 MCF/day) that are available to the public.• Operators are being notied via consent decrees, followed by litigation, nancial penalties, enforcement and verication to rectify large emissions events. EXPANSION OF DATA TRANSPARENCY & ACCOUNTABILITY• The EPA expects operators to maintain accurate records and provide regular reporting on facility-level emissions. • EU Regulation 2024/1787 requires mandatory oil and gas monitoring, reporting, and mitigation with initial reporting deadlines starting in 2025 and full compliance required by 2026.DEMONSTRATING INDUSTRY LEADERSHIP BEYOND COMPLIANCE, MANY OF THE LARGEST OPERATORS ARE VOLUNTARILY INVESTING IN EMISSIONS REDUCTION EFFORTS (OGMP 2.0).
cimarron 24creating a cleaner environment®CASE STUDYCREATING A CLEANER ENVIRONMENT® Since 2021, Cimarron has been working in partnership with the U.S. Department of Energy (DOE), working to develop and demonstrate innovative technologies that reduce greenhouse gas emissions in the oil, natural gas and coal sectors. Through the DOE’s Advanced Research Projects Agency–Energy (ARPA-E) Reducing Emissions of Methane Every Day of the Year (REMEDY) program, Cimarron’s Hybrid Flare and DRE-MAX Controller have received DOE funding support to advance their capabilities. The Cimarron Hybrid Flare incorporates cutting-edge combustion technology, and when paired with the DRE-MAX® automatic controller, it has consistently achieved industry leading destruction efciency (DE). Validation through VISR measurements, conducted in partnership with Providence Photonics in early 2025, demonstrated a combustion efciency (CE) of 98%+. According to EPA’s 40 CFR Subpart 98 guidelines (DE = CE + 1.5%), this supports a methane DE of 99.5%+. This industry leading achievement underscores our relentless commitment to environmental stewardship. We are incredibly proud of our team and deeply grateful for the support of the DOE ARPA-E REMEDY program and our partners. Together, we are proving that advanced technology can drive meaningful progress in reducing greenhouse gas emissions. Pictured: Cimarron’s Dr. Jianhui Hong, Director of Technology and Product Optimization, alongside Dr. Jungho Kim, U.S. Department of Energy ARPA-E Program Director, in front of our groundbreaking Hybrid Flare.DRE-MAX® Flare Controller & Cimarron’s Hybrid FlareUPSTREAM OIL & GAS
introduction environmental social governance appendix25In 2024, Cimarron supplied a customized combustor with an integrated burner management system and controls to a biogas facility in Indiana. This plant processes raw tomato extracts—a byproduct of ketchup manufacturing—as feedstock for anaerobic digestion. Through fermentation and purication, the facility produces methane, carbon dioxide and trace gases. The puried biomethane is sold as a high-quality renewable natural gas (RNG), while waste gases are efciently combusted using Cimarron’s advanced combustor, achieving a high destruction efciency (DE) rate. By delivering this combustor with high DE capabilities, Cimarron supported a critical renewable energy market that promotes the circular economy and sustainable RNG production.Cimarron’s Enclosed Combustor & Burner Management SystemAnaerobic digestionCASE STUDYCREATING A CLEANER ENVIRONMENT®
cimarron 26creating a cleaner environment®GHG EMISSIONS 2022 2023 2024SCOPE 1 2,454 2,791 2,793SCOPE 2 734 787 929TOTAL SCOPE 1 & 2 3,188 3,578 3,722GHG EMISSIONS Cimarron is committed to measuring and reducing our operational emissions footprint as part of our broader sustainability efforts. In 2021, we began measuring and reporting our Scope 1 and Scope 2 emissions, laying the foundation for transparent and accountable environmental practices. Below is a summary of our annual GHG emissions for both direct (Scope 1) and indirect (Scope 2) emissions across our operations.In 2024, our absolute emissions increased due to (i) the continued growth in our business and operational employee base, driving higher energy demands, (ii) weather patterns requiring more energy to heat and cool our facilities, and (iii) increased fuel usage across our eld services eet. Looking ahead, we strive to continuously improve our emissions reporting and management strategies that align with our vision for Creating a Cleaner Environment® and identifying opportunities to reduce both our absolute emissions as well as our emission intensity of our operations.Cimarron’s Environmental Impact
introduction environmental social governance appendix27Recycle & Reuse ProgramsAt Cimarron, we hold a deep appreciation for the principles of recycling and reuse, which are a part of our dedication to waste reduction, resource conservation, and environmental harmony across our operations. Throughout 2024, we continued our journey to further expand and rene our recycling and reuse initiatives, contributing to the advancement of a more circular economy and the mitigation of Cimarron’s ecological footprint.Our commitment to recycling is most signicantly exemplied across our manufacturing centers, ensuring that residual paint is captured and repurposed whenever feasible. This approach both minimizes waste but also fosters a culture of responsible resource management within our organization. Our manufacturing centers also produce a considerable volume of scrap metal which is recycled. By diverting these materials from landlls and reintegrating them into production, we uphold our commitment to sustainable business practices and resource efciency.Across our service organization, our eld technicians regularly change out and replace both oil and activated carbon in our customers’ emissions control equipment. We are proud to report that we regularly recycle these byproducts which help our customers in Creating a Cleaner Environment®.Gallons of Recycled Paint WasteGallons of Recycled Oil2,2449,680 1,353,41716,11 839,696lbs. of Recycled Scrap MetalGallons of Recycled Waterlbs. of Recycled Steel
cimarron 28creating a cleaner environment®INVESTING IN OUR businessAt Cimarron, our greatest strength is the synergy between our purpose and our people. We are dedicated to cultivating a supportive, dynamic workplace where every employee can thrive. Through continuous investment in talent development, training, safety, and leadership, we empower our team to excel—driving meaningful results for our customers, communities, investors, and the environment.
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cimarron 30creating a cleaner environment®2024 KEY STATISTICS541.017 53,182 42% 17% 89%Impact Study: Cimarron hosts Fire Extinguisher Training At Newcastle FacilityAt Cimarron, safety is our top priority. In 2024, Cimarron hosted the Newcastle Oklahoma Fire Department team to provide a hands on re safety course to our Newcastle team. The Fireghters provided vital training to our employees with the skills and knowledge to respond condently in emergency situations.Employee Development ProgramsCimarron has steadfastly upheld the principles of social responsibility, which encompass ensuring a safe and secure workplace, implementing formal training and development programs for our employees, facilitating career path and advancement opportunities, and offering fair compensation based on performance evaluated against clearly dened metrics. We rmly believe that by prioritizing these aspects, our employees can attain a harmonious work-life balance that benets both individuals and the organization as a whole. Cimarron also places a strong emphasis on diversity and inclusion, fostering a work environment that values and respects the unique perspectives and contributions of every team member.Our commitment to employee development extends beyond formal training programs to include ongoing education and awareness initiatives. Through workshops, seminars, and other learning opportunities, we strive to empower our workforce with the knowledge and skills necessary to thrive in their roles and contribute meaningfully to the company’s success. In addition to fostering a supportive and inclusive work culture, Cimarron also prioritizes nancial wellness for our employees. We offer robust 401k investment options and nancial planning resources to help our team members build a secure and prosperous future, further enhancing their overall job satisfaction and long-term career fulllment.Participation Rate in 401k ProgramWomen In Management RolesRacially/Ethnically Diverse EmployeesTotal EmployeesTotal EmployeeTraining HoursTotal Recordable Incident Rate (TRIR)
introduction environmental social governance appendix31At Cimarron, safety is a shared responsibility and an integral part of our operational culture. We recognize that workplace conditions and risks continuously evolve, necessitating ongoing updates to our safety policies and procedures. Through active employee engagement, comprehensive training, and strict adherence to established safety protocols, we uphold the highest standards to protect our workforce and enhance the sustainability of our operations. By prioritizing safety, we not only safeguard our employees but also reinforce our long-term success and resilience.Workplace Safety StandardsCimarron’s safety guidelines serve as the foundation of our commitment to workplace safety. Employees are expected to follow all safety protocols, including proper machinery operation, adherence to Lockout-Tagout (LOTO) procedures, and the use of required Personal Protective Equipment (PPE). Our Stop Work Authority policy empowers employees to immediately report unsafe conditions, ensuring that hazards are addressed before work continues. Given the dynamic nature of safety in the workplace, policies and procedures may be amended at any time without prior notice, with the Cimarron Safety Manager having the authority to clarify or modify safety directives as needed. Cimarron’s comprehensive safety program encompasses critical areas of workplace safety including but not limited to:Commitment to SafetyHand & Power Tool SafetyManual Lifting & Back SafetyCranes & Hoists OperationForklift Safety GuidelinesFire Prevention & Emergency ProtocolsLadder SafetyMaterial HandlingWelding & Hot Work ProceduresToxic Gas (H₂S) Monitoring DevicesPersonal Protective Equipment (PPE)Globally Harmonized System (GHS) Classication & Labeling PictogramsFirst Aid & CPR TrainingFall Protection TrainingRespiratory ProtectionCompressed Gas Cylinder StorageBloodborne Pathogen Exposure Control ProgramLockout-Tagout (LOTO) Policies
cimarron 32creating a cleaner environment®KPA Flex Safety Management SoftwareIn 2024, Cimarron implemented the KPA Flex Safety Management Software to enhance workplace safety and compliance. This automation and reporting platform provides a mobile app for real-time access to safety programs, enabling audits, inspections, and training anytime, anywhere. With robust incident management and an intelligent compliance calendar, Cimarron can track safety events in real time, analyze trends, and proactively improve workplace safety. Job Safety Analysis (JSA)Cimarron employs the Job Safety Analysis (JSA) process to systematically evaluate job tasks, identify potential hazards, and implement measures to mitigate risks. JSAs are conducted prior to the start of any work to ensure all safety considerations are accounted for. These analyses are documented and maintained by the Safety Department, reinforcing our proactive approach to hazard awareness and prevention.Reporting & Stop Work AuthorityAt Cimarron, all employees have the right and responsibility to stop work if they observe unsafe conditions or practices. Any employee who identies a hazardous situation should immediately notify the Safety Manager or their Supervisor before proceeding. A structured process is in place to assess and rectify unsafe conditions before resuming operations. Additionally, Cimarron take near misses and work-related injuries seriously. All incidents, regardless of severity, are reported immediately ensuring a thorough investigation and the implementation of corrective actions to prevent recurrence.
introduction environmental social governance appendix33Standards & Human RightsHuman Rights Cimarron is committed to supporting internationally recognized human rights activities and initiatives. Our approach to human rights issues is based on the UN Guiding Principles on Business and Human Rights and Universal Declaration of Human Rights. We believe that long-term business success can only be achieved if human rights are acknowledged and protected. Our Human Rights Policy sets out the fundamental principles embedded in our business operations and culture to ensure we do not engage in activities that directly or indirectly violate human rights. It is our corporate responsibility to uphold these principles throughout our entire organization. These policies and programs are overseen by our Executive team, including the CEO, Head of Finance, and VP of Human Resources. By extension, we expect all stakeholders, including business partners, vendors, and suppliers, to be aligned in upholding human rights globally.Anti-Discrimination Our organization actively promotes and values diversity and inclusion, both internally and in our business relationships. Our Human Rights Policy explicitly prohibits any form of discrimination or harassment, whether based on race, sex, nationality, ethnicity, religion, age, disability, sexual orientation, gender identity, political views, or other legally protected characteristics. We strive to ensure all employees have equal opportunities to succeed and grow, while working to eliminate discriminatory behaviors and create a workplace free from harassment, violence, and intimidation. We believe that when employees feel safe and protected from discrimination, they can excel in their roles, enabling our company to achieve its objectives.
cimarron 34creating a cleaner environment®At Cimarron, community involvement is fundamental to our purpose of improving lives. Through volunteerism, outreach, and strategic partnerships, we harness the energy, skills, and passion of our employees to support our communities. Our purpose-rst approach drives and denes us, ensuring that our efforts are focused on making a signicant and lasting impact. We believe that true community engagement starts at the local level, which is why we empower our facilities to identify and respond to the most pressing needs in their areas. Whether through hands-on volunteer work, charitable contributions, or collaborative initiatives, our teams actively support the communities where we live and work.Impactingour communities
introduction environmental social governance appendix35
cimarron 36creating a cleaner environment®COMMUNITY SERVICE HOURS>360IN CHARITABLE DONATIONS>$19,000At Cimarron, we rmly believe in our capacity and obligation to cultivate thriving communities where our employees and their families reside and work. Our company-wide commitment to citizenship serves as a compass, guiding our philanthropic endeavors and encouraging our employee volunteers to generate signicant and measurable societal impacts locally and globally.Each year, we allocate substantial resources towards charitable donations, championing causes spanning education, healthcare, veteran rehabilitation, conservation and social welfare. These contributions are strategically directed to yield enduring effects, fostering greater equity and sustainability within our communities. Our commitment to community service is exemplied by the active engagement of our employees in diverse volunteer programs. Cimarron not only encourages but also supports our employees in participating in volunteer activities that resonate with our core values and contribute to the welfare of local communities. In 2024, we proudly supported twenty-ve organizations through service and charitable giving events, demonstrating our ongoing dedication to making a meaningful difference in the world.community impact
introduction environmental social governance appendix37CLOTHES FOR KIDS | Denver, COClothes For Kids of Denver provides free clothing to low-income and in-crisis students, ensuring they have the essentials they need to feel comfortable and condent in school. The organization aims to remove clothing insecurity as a barrier to academic success.Our Denver team dedicated 22 volunteer hours to Clothes For Kids of Denver, assisting with sorting clothes, tagging shoes, stocking items, assisting customers, and breaking down boxes, directly contributing to the organization’s mission.HESS HOUSTON 5K | Houston, TXThe annual Hess Houston 5K is an annual event that promotes corporate wellness while raising funds for the Memorial Park Conservancy, which focuses on preserving and enhancing Houston’s largest urban park. The Houston ofce participated in the 8th Annual Hess Houston 5K, joining over 10,000 participants from 230 companies to support the Memorial Park Conservancy. The event promoted corporate wellness, strengthened team connections and contributed to the local community.2024 Charitable Service EventsSPECIAL OLYMPICS | Stillwater, OKSpecial Olympics Oklahoma provides year-round sports training and athletic competitions for individuals with intellectual disabilities, fostering inclusion, condence and achievement through sports. The organization empowers athletes while promoting community engagement and volunteerism.The Cimarron team volunteered at the Special Olympics Oklahoma Summer Games at Oklahoma State University, where hundreds of athletes competed. Volunteers assisted with event facilitation, including keeping score, cheering on athletes, and supporting families and coaches. Contributing 20 volunteer hours, the team was inspired by the athletes’ dedication and looks forward to continuing this meaningful partnership.
cimarron 38creating a cleaner environment®UNITED WAY | Newcastle, OK & Tulsa, OKUnited Way is a global nonprot committed to improving lives by mobilizing resources to support programs in education, nancial stability, and health. Through local and national partnerships, United Way creates lasting change in communities by addressing critical social challenges.Our team contributed to United Way initiatives through the Stuff the Bus campaign, providing backpacks and school supplies for children in need, and by decorating a Christmas tree for the “It’s a Marvel Christmas” event. The tree, along with others, was auctioned to raise funds for local community support programs.AIL (Italian Association Against Leukemia) | ItalyAIL (Italian Association Against Leukemia) funds scientic research and supports patients and families affected by blood cancers. Through medical assistance, professional training, and contributions to treatment centers, AIL enhances patient care and advances therapies.Every Christmas, we honor our team in Europe with a traditional Italian holiday dessert. These festive packages are purchased from AIL, with proceeds supporting their vital mission. This tradition allows us to celebrate our employees while making a positive impact on those in need.SNOWDROP FOUNDATION | Houston, TXThe Snowdrop Foundation supports pediatric cancer patients and survivors by funding scholarships and research efforts while providing emotional and nancial assistance to families in need. Through community-driven initiatives, the foundation brings hope and relief to children facing cancer.Our Houston team demonstrated a strong commitment to giving back through community engagement and charitable donations in support of the Snowdrop Foundation. We participated in the Easter Basket Supply Drive, contributed to Texas Children’s Hospital, and organized a successful Toy Drive, all aimed at bringing joy and support to children in need.CIRCLE OF HOPE COMMUNITY CENTER | Austin, TXThe Circle of Hope Community Center is dedicated to providing food, resources, and support to individuals and families facing hardship. Through its food distribution programs and outreach efforts, the organization fosters hope and strengthens the local community.Our Austin ofce partnered with The Circle of Hope Community Center to support its mission of providing food, resources, and hope to neighbors in need. Team members participated in three food distribution events, helping to deliver essential supplies to the community.
introduction environmental social governance appendix39Veterans Memorial CemeteryHouston, TXWest Wind Assisted LivingMarlow, OKFellowship Christian AthletesHouston, TXCity of Evans RecreationEvans, CODuncan Rescue MissionDuncan, OKChildren’s Hospital of ColoradoEvans, COFaith ChurchDuncan, OKGarth Englund Blood MobileEvans, COOTHER COMMUNITY ORGANIZATIONS WE SUPPORTED 2024
cimarron 40creating a cleaner environment®Cimarron’s governance model benets from the input of the board of directors, external advisors, risk experts, and the Company’s leadership, and is supplemented by best practices taken from reviews of the highly successful companies. Our governance protocols are designed to manage risks and drive returns while adhering to our established policies and procedures.Cimarron’s policies ensure the Company operates in a transparent and responsible manner, while establishing a culture of transparency and accountability and providing a framework for decision-making that is aligned with our core values. Our policies help establish a culture of transparency and accountability and provide a framework for decision-making that is aligned with our core values. Our Board and leadership team believe that effective governance policies also help mitigate risks, build trust with our stakeholders, and contribute to the long-term success of our Company.MAINTAINING GOVERNANCE STANDARDS
introduction environmental social governance appendix41
cimarron 42creating a cleaner environment®Board of DirectorsCimarron’s Board of Directors (“the Board”) is the highest governing body for the company, which helps guide our strategy, identify and isolate risks, guide and oversee management, and prioritize investments and growth initiatives. The Board currently consists of ve individuals, with a collective ~170 years of relevant industry experience and an average of seven years of tenure per member, including our CEO and an Independent Director. The members of the Board have also served, and/or are currently serving, on the boards of numerous public and private organizations. The Board supports Cimarron’s sustainability framework and helps the ESG Committee identify key performance metrics tied to our ESG goals and objectives.Jeff Foster Todd Tomlin Mitch Cox Mark CrewsJohn ClarkeCHAIRMAN PRESIDENT & CEO DIRECTOR DIRECTOR DIRECTORRELEVANT EXPERIENCEEnergy / Oil & Gas / ManufacturingPublic Company Executive LeadershipPrivate EquityInvestment BankingRELEVANT EXPERIENCEEnergy / Oil & Gas / ManufacturingCapital Formation & AdvisoryPrivate EquityInvestment BankingRELEVANT EXPERIENCEEnergy / Oil & Gas / Petroleum EngineeringCapital Formation & AdvisoryPrivate EquityInvestment BankingRELEVANT EXPERIENCEEnergy Services / Oil & Gas / Engineering / ManufacturingOperations ManagementExecutive LeadershipRELEVANT EXPERIENCEEnergy Services / Oil & Gas / ManufacturingOperations ManagementExecutive Leadership
introduction environmental social governance appendix43Brandy JohnsonVP COMMERCIALSETH FREEMANCHIEF FINANCIAL OFFICERCHASE ETHINGTONVP HUMAN RESOURCESIAN EARLEVP COMMERCIAL OPERATIONSJESUS SANCHEZVP ENGINEERINGJASON HOVEYVP Commercial OPERATIONSBURT STRINGERVP SERVICESBRENDA TRUMANVP QHSEESG CommitteeCimarron’s ESG Committee is a dynamic assembly of cross-functional experts spanning diverse levels of the organization. This collaborative team fosters a culture of innovation, providing unique and objective insights into environmental, social, and governance (ESG) matters. Meeting quarterly, the ESG Committee diligently aligns key metrics with the organization’s ESG goals and objectives, ensuring strategic alignment and tangible impact throughout the year.Enterprise Risk ManagementAs part of our enterprise risk management efforts, our Board, in collaboration with our external audit rm, meets regularly to remain informed about critical business, nancial and control risks. This process includes discussions on emerging threats, regulatory changes and industry benchmarks. Beyond these formal meetings, our executive leadership team remains vigilant, continuously monitoring business and macroeconomic trends, investing signicantly in cybersecurity training. These interactions aimed at risk management have been instrumental in strengthening our overall business practices. By staying ahead of the curve and adapting swiftly to evolving challenges, Cimarron remains resilient and well-prepared in today’s dynamic business environment.Cybersecurity PolicyThe more Cimarron advances its reliance on technology to collect, store, analyze, and manage sensitive information, the more vulnerable we become to severe security breaches. Human error and malicious attacks pose a threat to our Company’s reputation and can cause irreversible damage. We implement a number of actions to combat and mitigate the risk of breach, including multi-factor authentication, continuous security awareness training, frequent password updates, rewall installation, investigation of all security breaches, among others. Since 2021, we have used virtual risk measures to drive continuous improvement, resulting in steadily decreasing cybersecurity risk levels. Use of Information Technology PolicyA key component of Cimarron’s approach to information security is user education. Our Use of Information Technology Policy is a key element in this approach, educating our employees in the proper use of IT systems and services in an effort to protect information on our systems from theft, loss, or unauthorized access. All instances of misuse of Cimarron’s information systems and/or equipment must be reported to the Information Technology department accordingly.
cimarron 44creating a cleaner environment®Third-Party Audits & AccountabilityFinancial & TaxCimarron partners with an independent audit and tax rm to assess and report on the company’s nancial accuracy, governance, risk management, and internal controls. This collaboration ensures we meet our operational, nancial, and compliance objectives. OperationalCimarron follows the American Society of Mechanical Engineers (ASME) Code, a standard of excellence for pressurized equipment engineering. Our safety data is reviewed annually by a third party (OSHA), with oversight from our Vice President of Health, Safety, and Environmental (HS&E), who reports directly to the CEO. In addition, we work with a third-party health and safety consulting rm to monitor and document airborne and noise level exposures at our facilities in compliance with OSHA standards. We also engage in third-party facility validation to ensure our operations meet key safety, process and control requirements.SustainabilitySince 2021, Cimarron has consistently reported our sustainability processes, policies, goals, and performance metrics through EcoVadis, promoting transparency with our supply chain and customers. We are proud to report year-over-year improvement in our EcoVadis rating, achieving bronze status for the 2024 reporting year. The EcoVadis assessment reects our commitment to enhancing sustainability management and making a positive impact, particularly within the supply chain.
introduction environmental social governance appendix45Cimarron Workplace ConductWe believe in conducting business the right way—it’s fundamental to how we create a better world together. Earning and maintaining the trust of our stakeholders starts with a culture of honesty and integrity. Our global ethics and compliance program establishes clear processes and controls to manage legal and regulatory risks, foster an ethical workplace and empower our business to operate with integrity. Our commitment to ethics and compliance is outlined in our Workplace Conduct Policies, which apply to everyone working for or on behalf of Cimarron. We are dedicated to maintaining a responsible and ethical work environment that values employees, customers and stakeholders. Employees are expected to uphold company policies, act with integrity and avoid misconduct, including substance abuse, dishonesty, harassment and misuse of company property. Foreign Corrupt Practices Act (FCPA)Cimarron is committed to full compliance with the U.S. Foreign Corrupt Practices Act (FCPA) and all applicable anti-corruption laws as we operate in a global marketplace. Our international transactions are subject to strict legal review and compliance requirements. To uphold our commitment to ethical business practices, our Board has implemented an Anti-Corruption Compliance Policy Manual, which all Cimarron personnel engaged in international activities must follow. Additionally, we leverage third party advisors to support the screening and evaluation of new customers, partners and contractors for thorough FCPA evaluation in advance of establishing any commercial relationship.Whistleblower PolicyCimarron’s Whistleblower Policy is designed to foster a culture of integrity, accountability, and transparency by providing employees, contractors, and other key stakeholders with a safe and condential avenue to report concerns. We encourage individuals to report, in good faith, any suspected misconduct, violations of corporate policies, legal non-compliance, fraud, corruption, or unethical behavior. Reports can be made anonymously via our hotline or to a leader within Cimarron directly, and we protect the identity of whistleblowers upon request. Retaliation against those who report concerns in good faith is strictly prohibited. Every report is thoroughly investigated in accordance with company procedures, and appropriate actions are taken to address any conrmed violations. This policy applies to all employees, contractors, suppliers and business partners across all Cimarron operations.Ethics & Compliance
cimarron 46creating a cleaner environment®Responsible SourcingAt Cimarron, we are committed to integrating sustainability into our operations, including the selection and management of suppliers. Our Supplier Code of Conduct and Sustainable Procurement Policy combine traditional factors, such as cost, quality, and delivery, with sustainability considerations across environmental, social and governance (ESG) criteria. These include minimizing GHG emissions, ensuring fair labor practices, promoting worker safety, reducing waste and adhering to transparent business practices. Suppliers are also expected to comply with ethical sourcing certications and demonstrate a commitment to diversity and inclusion.To ensure suppliers align with our ESG standards, we implement a robust pre-qualication process. This includes completing a Supplier Risk Self-Assessment, conducting site audits for high-risk suppliers, and evaluating sustainability performance through a supplier rating system. We also perform sustainability risk assessments based on the supplier’s industry, region, and product type, and provide resources to support supplier development in these areas.Sustainability is embedded in our procurement practices through local sourcing to reduce emissions, considering the Total Cost of Ownership (TCO), and prioritizing eco-friendly products with a lower carbon footprint. All contracts include sustainability clauses and provisions for regular audits to ensure compliance. We are dedicated to continuous improvement in our procurement practices, actively seeking supplier feedback and reviewing procedures annually to reect industry best practices and regulatory changes. Cimarron also invests in training for procurement teams to ensure that sustainability remains a core part of our decision-making processes, contributing to our long-term business success and environmental stewardship.
introduction environmental social governance appendix47APPENDIXKPI Description 2022 2023 2024 TargetEnergy Use & GHG EmissionsKPI 1Lower Scope 1 emissions and shift to renewable energy in Cimarron’s operations.2,454 mtCO2e 2,791 mtCO2e 2,793 mtCO2e2.35 mtCO2e / thousand work hours2,454 mtCO2e 2.35 mtCO2e / 1,000 hours 2.31 mtCO2e / 1,000 hoursKPI 2Lower Scope 2 emissions and shift to renewable energy in Cimarron’s operations.734 mtCO2e 787 mtCO2e 929 mtCO2e<1.0 mtCO2e / thousand work hours0.73 mtCO2e / 1,000 hours0.66 mtCO2e / 1,000 hours0.77 mtCO2e / 1,000 hoursProduct Stewardship, Product Development, and InnovationKPI 3Reduce customers’ GHG impacts through the use of Cimarron’s products and introduction of new GHG reduction products that perform above the industry standard.N/A, methodology enhanced in 2024 N/A, methodology enhanced in 2024 1,500,000 mtCO2eReduce our customers’ GHG emissions by an additional 1.4 million Tonnes CO2e above industry standard competing technology.N/A, methodology enhanced in 2024N/A, methodology enhanced in 202462,000 tonnes VOCsKPI 4Improve customers’ productivity through the use of Cimarron’s service / IOT solutions dened as uptime mechanical availability (MA).N/A, methodology enhanced in 2023 87% Rental Fleet MA97.5% Commercial Fleet MA93.9% Rental Fleet MA96.1% Commercial Fleet MA>95% Mechanical Availability of VRUs>99% Mechanical Availability of CombustorsKPI 5Launch new and enhanced products that reduce GHG emissions.Developed & launched 3 productsDeveloped & launched 1 productDeveloped & launched 1 new product, 2 product enhancementsDevelop and launch two new and two enhanced products annually that reduce GHG emissions.KPI 6Support regulatory GHG reduction projects that reduce GHG emissions.> 2,800 Sr level engineering hours5,300 Sr level engineering hours7,500 Sr level engineering hoursExpand 1,600+ Sr level engineering hours to support DOE and local regulatory GHG emissions reduction projectsLabor, Employee Matters and HSEKPI 7Maintain our high level of safety as measured by OSHA TRIR and LTIR criteria.TRIR 0.99Fatality Rate 0.00TRIR 0.84Fatality Rate 0.00TRIR 0.17Fatality Rate 0.00TRIR <0.80Fatality Rate 0.00KPI 8Provide structured training programs to all employees to advance awareness of safety and enhance career development.48,475 Training Hours62,947 Training Hours53,182 Training Hours50,000+ HSE Training HoursKPI 9Support our local communities through volunteer service events.>10 Service events22 Service events25 Service events>25 Annual Service eventsCIMARRON’S SUSTAINABILITY KPIS
cimarron 48creating a cleaner environment®Metric SASB Code 2024 UnitGHG EmissionsGross global Scope 1 emissionsEM-MD-110a.12,793 mtCO2eLong-term and short-term strategy to reduce Scope 1 emissionsEM-MD-110a.2Cimarron is committed to reducing the scope 1 GHG emissions footprint of its internal operations and across the energy sector as a whole. Our scope 1 footprint is predominately caused by (i) mobile combustion of gasoline and diesel fuels to power our eld service eet and (ii) stationary combustion of natural gas, propane, acetylene, methane, and carbon dioxide within our facilities. Our strategy to reducing our material emissions lies in improving energy efciency of our eet and facilities. While reducing absolute scope 1 emissions is a long-term goal, we are committed to reducing our short-term scope 1 emissions intensity by retrotting facilities to improve energy efciency, encouraging our employees to follow sustainable driving practices, and converting to lower-carbon fuels where possible.N/AEmissions Reduction Services & Fuels ManagementTotal fuel consumed EM-SV-110a.1 198,289 gallonsStrategy to reduce air-related emissions and goalsEM-SV-110a.2Our Emissions Management Solutions portfolio offers comprehensive technologies to identify, measure, control, capture, and eliminate fugitive emissions. Leveraging our global network of application engineers and manufacturing facilities, we provide industry-leading emissions control solutions for the energy and infrastructure sectors, with a strong focus on industries facing stringent emissions reduction requirements (hard-to-abate sectors) and increasing regulatory oversight.As a key partner in our customers’ environmental initiatives, we supply specialized equipment, including: (i) Compression and carbon vapor recovery units, (ii) Vapor recovery towers, (iii) Enclosed combustion units and thermal oxidizers, (iv) BTEX condensers and combustors (v) Ultra-low NOx emissions combustors and (vi) High-destruction efciency ares.Our solutions deliver immediate reductions in Scope 1 emissions while enhancing operational efciency and safety. In 2024, our technologies enabled customers to reduce emissions by 1.5 million tonnes of CO2 equivalent and 62,000 tonnes of volatile organic compounds (VOCs), surpassing industry performance standards.As environmental regulations grow more stringent, our solutions help customers maintain compliance with state and federal requirements while reducing the risk of non-compliance penalties. This evolving regulatory landscape presents additional growth opportunities in our target markets. We remain committed to advancing innovative technologies that empower our customers to meet and exceed emissions standards.N/ASUSTAINABILITY ACCOUNTING STANDARDS BOARD (SASB) INDEX
introduction environmental social governance appendix49SUSTAINABILITY ACCOUNTING STANDARDS BOARD (SASB) INDEXMetric SASB Code 2024 UnitWorkforce Health & SafetyTRIREM-SV-320a.10.17 RateFatality RateEM-SV-320a.10.00 RateHSE Training HoursEM-SV-320a.153,182HoursDescription of management systems used to integrate a culture of safety and health throughout the value chain and project life cycleEM-SV-320a.2Cimarron adheres to the American Society of Mechanical Engineers (ASME) Code, a recognized standard of excellence in engineering practices for pressurized equipment. Our safety data is reviewed annually by a third party (OSHA) and is overseen internally by our Vice President of Health, Safety, and Environment (HS&E), who reports directly to the CEO. Additionally, we conduct third-party facility validations of our processes and procedures, along with noise and air quality assessments, to ensure compliance with essential safety, operational, and control requirements.N/A Business Ethics & Payments TransparencyAmount of net revenue in countries that have the 20 lowest ranking in the transparency internationals corrupting perception indexEM-SV-510a.1Cimarron takes sustainable procurement seriously and applies the same principles when considering the countries we serve. In 2024, we reported 0% of revenue from the 20 countries with the lowest rating in Transparency International’s Corruption Perception Index, including: Eritrea, Afghanistan, Burundi, Chad, Comoris, Democratic Republic of the Congo, Myanmar, Sudan, Tajikistan, Libya, Turkmenistan, Equitorial Guinea, Haiti, Nicaragua, Yemen, South Sudan, Syria, Venezuela, and Somalia.N/ADescription of the management system that prevents corruption and bribery throughout the value chainEM-SV-510a.2At Cimarron, we utilize a combination of internal and external tools to collect critical data on supplier compliance, ESG performance, and related risks. Understanding the potential legal and reputational liabilities posed by our business partners and contractors under the Foreign Corrupt Practices Act (FCPA) and other applicable laws, we take a proactive approach to risk management.Our strategy includes regular assessments of risks related to anti-corruption, international trade, human rights, and responsible sourcing. We conduct annual, company-wide program and risk evaluations, supplemented by targeted compliance training for employees and contractors. Additionally, we implement business controls informed by periodic fraud risk assessments, which are tested and reviewed annually.These efforts are integrated into our broader nancial and accounting audits at our corporate ofces, ensuring strong oversight and continuous improvement.N/ACritical Incident Risk ManagementDescription of management systems used to identify and mitigate catastrophic and tail-end risksEM-SV-540.a1As part of our enterprise risk management efforts, our Board, in collaboration with our external audit rm, meets regularly to remain informed about critical business, nancial, and control risks. This process includes discussions on emerging threats, regulatory changes, and industry benchmarks. Beyond these formal meetings, our executive leadership team remains vigilant, continuously monitoring business and macroeconomic trends, investing signicantly in cybersecurity training. These interactions aimed at risk management have been instrumental in strengthening our overall business practices. By staying ahead of the curve and adapting swiftly to evolving challenges, Cimarron remains resilient and well-prepared in today’s dynamic business environment.N/AActivity MetricsTotal hours worked by all employeesEM-SV-000.D1,208,567Hours
cimarron 50creating a cleaner environment®Disclosure Topic 2024 ResponseGRI 2: General Disclosure 20212-1 Name of Organization Cimarron Energy, Inc.2-1 Location of Headquarters Houston, Texas, USA2-1 Location of OperationsCimarron’s operations predominately take place within the United States, with additional international locations in the Netherlands, UK, UAE, Italy, and India.2-3 Reporting Period January 1, 2024 - December 31, 20242-3 Reporting Frequency Annually2-3 Date of Most Recent Report April 20252-5Contact Point for Report QuestionsBrandy Johnson bjohnson@cimarron.com2-5 External AssuranceOur environmental and safety data are reviewed annually by a third party (OSHA) on topics including airborne particulate matter and noise exposure. The assurance process is led by the vice-president of HS&E, who reports to the CEO.2-6 Markets ServedCimarron serves more than 45 countries around the world from key operational centers in the United States, Italy, India, the United Kingdom, and the United Arab Emirates.2-7Information on (US) Employees and Workers545 employees17% of women in management42% of minorities in relation to whole organization22% of minorities in management2-9Governance Structure and Composition5 total board members140 combined years of experience7 years of average tenure per member2-22Statement from Senior Decision-MakerPage 4 of this report.2-23 Policy CommitmentsCimarron’s policies follow internationally-recognized frameworks and is based on best practices of rms within our industry. In our Human Rights Policy, we explicitly commit to protecting vulnerable groups, such as women and children, and extend this policy to our suppliers via our Supplier Code of Conduct. Our commitments to environmental stewardship, anti-discrimination, anti-corruption, and ethical business practices automatically extends to our employees, contractors and suppliers, who are each required to acknowledge these practices upon engagement with Cimarron.2-26Mechanisms for Seeking Advice and Raising ConcernsCimarron has a Whistleblower Policy and hotline in place detailing the course of action stakeholders can take to seek advice and raise concerns about responsible business conduct within our operations. During the reporting period, zero concerns were raised.GLOBAL REPORTING INITIATIVE (GRI) INDEX
introduction environmental social governance appendix51GLOBAL REPORTING INITIATIVE (GRI) INDEXDisclosure Topic 2024 ResponseGRI 3: Material Topics 20213-1Dening Report Content and Topic BoundariesCimarron’s ESG reporting incorporates frameworks set forth by the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), and the United Nation’s Sustainable Development Goals (SDGs). Our emissions estimates and disclosures have been established in accordance with the World Resource Institute Greenhouse Gas Protocol.3-2 List of Material TopicsIn 2021, Cimarron conducted an inaugural materiality assessment to identify relevant sustainability topics for our stakeholders. Our material topics, in order of priority, are as follows:• GHG Emissions• Product Development and Innovation - Product Stewardship• Labor, Safety & Employee Matters• Energy Use• Waste Reduction• Business Integrity• Company Culture• Occupational Safety and Health• Product Quality & Reliability• Diversity and Inclusion• Talent Development• Community EngagementGRI 305: Emissions 2016305-1 Direct (Scope 1) GHG emissions 2793 mtCO2e305-2Energy indirect (Scope 2) GHG emissions929 mtCO2e305-4GHG Emissions Intensity 2.31 mtCO2e / 1,000 hoursGRI 306: Efuents and Waste 2016306-4 Waste diverted from disposal• 9,680 Gallons of Recycled Paint Waste• 2,244 Gallons of Recycled Oil• 39,696 Gallons of Recycled Water• 16,118 lbs. of Recycled Scrap Metal• 1,353,417 lbs. of Recycled SteelGRI 404: Training and Education 2016404-1Average hours of training per employee98 hours per employee
cimarron 52creating a cleaner environment®123Materiality MappingIn 2022, Cimarron completed a materiality assessment process to identify material topics, collect stakeholder feedback, and prioritize topics for internal ESG strategy and disclosure. The assessment processes followed the GRI Standards framework with the goal of pinpointing topics most impactful to Cimarron and our customers. GRI’s materiality principles were applied throughout the process to guide topic selection and evaluation.TOPIC IDENTIFICATIONThe assessment process evaluated key topics that demonstrated high economic, environmental and/or social impact as well as those that have essential inuence on the valuations and decisions of stakeholders. Topics were selected from:Employee dialogueCustomer requestsESG dialogue and questions with regulatory agenciesBenchmarkingReputable sustainability standards and protocolsESG indicatorsStakeholder FeedbackWe identied internal and external stakeholders because they offer critical value in making decisions, shaping strategy and promoting long-term sustainability. We solicited input from the following: Cimarron employees, Cimarron leaders, customers, ESG regulatory authorities.Prioritize TopicsThe feedback received from our stakeholders guided our preparation of a matrix to review the sustainability issues that deemed most material based on the results of the assessment. We identied issues based on their relative importance to stakeholders and to Cimarron’s business. Topics were assessed and prioritized based on three criteria: If not done correctly or addressed, it will negatively impact our business. Differentiates us within our industry to achieve above market growth. Provides an opportunity to contribute to solving one or more pressing global issue(s).Incorporate OutcomesThe material topics were aligned with our strategic imperatives and outcomes were established for each material topic that support the UN Sustainable Development Goals. In addition, for each material topic, we analyzed where Cimarron has the greatest ability to inuence and have an impact.Targets In Support of Our Material TopicsThrough continuous focus on our material topics, we strive to keep our strategy aligned with stakeholder expectations and the needs of our communities.
introduction environmental social governance appendix53NOTES AND METHODOLOGY ON EMISSIONS REDUCTION CALCULATIONSCalculation Assumptions: Units sold in normal operation for a full year at nominal ow rates/conditions. For all combusted and vented hydrocarbons, CO2e includes the effects of ultimate products after atmospheric oxidation. VOC is assumed as non-methane Hydrocarbons. A GWP factor of 25 is applied to all methane emissions to calculate CO2e. GHG assumed as CO2 and Methane only, negligible effect from N2O. Inlet ow composition assumed as Tank Flash gas with 100% Hydrocarbon composition, 2000 BTU/SCF LHV for low pressure cases, Oil Handling Residue Gas with 100% Hydrocarbon, 1200 BTU/SCF LHV for high pressure cases. For mechanical VRUs, 99.9% Capture of Inlet Flow, remaining 0.1% is assumed to be vented to atmosphere with associated GHG and VOC emissions deducted from capture totals. For combustion equipment, emissions capture includes deduction of CO2e and VOC combustion products produced and non-combusted components of inlet owrate (1-DRE%)* Inlet Flowrate). Uptime is assumed as 20% usage on high pressure inlet cases, 40% usage on low pressure inlet cases. Cimarron technology advantage due to higher tested destruction efciencies than industry benchmarks, assumed as API required 98% DRE on open combustion systems and Quad-O required 95% DRE on enclosed combustion systems.Methodology Notes:It is important to note that the mechanism by which GHGs is ultimately reduced differs amongst the product lines. For example, mass GHG reduction for a mechanical VRU is the mass GHG entering the unit minus any normal operational venting to the atmosphere such as packing leakage, pneumatic control bleeding instruments, or pressure safety venting. This is conservatively estimated as 0.1% total inlet ow. For combustion equipment, mass GHG reduction is the mass GHG entering the unit minus the GHG (primarily CO2e) of the combustion products and a standard % if inlet ow (1-DRE%) that bypasses the combustion reaction. While installing a high efciency open- or enclosed combustion system signicantly reduces the impact of GHG on the atmosphere and thus the amount of hazardous venting, it is understood that customers would not have otherwise vented this gas to the atmosphere instead of using alternative technologies. Ultimately the customer determines the technology utilized to reduce GHGs based on economics, regulatory environment and feasibility, not necessarily which solution has the lowest GHG intensity. Cimarron therefore chooses to optimize its products to offer the lowest GHG intensity amongst similar products offered by the competition, thus the focus of KPI #3 being on incremental improvement rather than total reduction.Cimarron’s portfolio of products on emissions reduction is uniquely positioned to have an oversized impact on reduction with respect to a company of similar revenues and footprint in other industries. When researching industry benchmarks on combustion equipment, we did not nd information or benchmarks to compare to, thus much of the methodology stated above was created by Cimarron for the purpose of this report. The decision to focus on incremental benet on emissions reduction due to technology advantages from our products and the framework we present in was based on more mature and vetted reporting frameworks.footnotes & disclosures
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