Issued by Baker Hughes
Baker Hughes announced the release of its 2021 Corporate Responsibility Report that provides a view of their environmental, social and governance performance.
Baker Hughes (NASDAQ: BKR) announced today the release of its 2021 Corporate Responsibility Report, outlining actions the company has taken to enhance the sustainability of its operations as it relates to environmental, social and governance (ESG) performance and demonstrating progress in fulfilling its net-zero carbon reduction goals by 2050.
As an energy technology company with a portfolio of low-carbon solutions across the energy value chain, Baker Hughes’ purpose is to take energy forward – making it safer, cleaner, and more efficient for people and the planet. The company continues to support the objectives of Paris Climate Agreement and is committed to reducing its greenhouse gas (GHG) emissions, advancing the energy transition, and enabling the global shift to lower carbon industries and infrastructure.
“2021 was a year of acceleration and action for our corporate responsibility efforts, to advance our sustainability goals while executing for our customers and delivering for our shareholders,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “The world still faces the dual challenge of meeting increasing energy demand while simultaneously reducing associated greenhouse gas emissions. Our strategy remains focused on solving this dual challenge by advancing our sustainability efforts within Baker Hughes.”
“Recognizing the increasing importance of sustainability for our stakeholders, we took important steps this year to advance our sustainability strategy and programs, not only for reducing our emissions and increasing energy efficiency, but also driving a sustainable culture across the company by engaging all our global employees,” said Allyson Anderson Book, vice president of energy transition and sustainability steering team chair at Baker Hughes. “We also expanded our emissions reporting for Scope 3 value chain GHG emissions – indirect emissions from activities not owned or controlled by Baker Hughes – which is a major step forward in achieving our emissions reductions goals.”
Baker Hughes advanced its sustainability goals in 2021 in several priority areas:
Our corporate responsibility report is prepared in accordance with GRI-Core standards and references the United Nations Sustainable Development Goals, and in 2019, Baker Hughes became a participant of the UN Global Compact initiative – a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
Learn more about our actions to meet our net-zero goals by accessing the full 2021 Corporate Responsibility Report here.
About Baker Hughes:
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people and the planet. Visit us at bakerhughes.com.
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Adrienne M. Lynch
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at www.bakerhughes.com.