Baker Hughes
Baker Hughes, a GE company, is a leading global provider of integrated oilfield products, services, and digital solutions. Headquartered in the United States, the company operates extensively across major regions, including North America, Europe, the Middle East, and Asia. Founded in 1907, Baker Hughes has achieved significant milestones, including advancements in drilling technology and digital innovation. The company’s core offerings encompass oilfield services, turbomachinery, and digital solutions, distinguished by their commitment to sustainability and efficiency. Baker Hughes is recognised for its pioneering work in the energy sector, particularly in enhancing operational performance and reducing environmental impact. With a strong market position, Baker Hughes continues to drive innovation, making it a key player in the evolving energy landscape.
DitchCarbon Score
How does Baker Hughes's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Baker Hughes's score of 36 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Baker Hughes's reported carbon emissions
In 2023, Baker Hughes reported total carbon emissions of approximately 574,513,000 kg CO2e, comprising 383,096,100 kg CO2e from Scope 1, 191,417,100 kg CO2e from Scope 2, and a significant 433,728,176,000 kg CO2e from Scope 3 emissions. This reflects a continued commitment to transparency in their emissions reporting across all scopes. Over the years, Baker Hughes has demonstrated a trend of reducing its Scope 1 and Scope 2 emissions. For instance, in 2019, the company recorded Scope 1 emissions of 501,791,100 kg CO2e and Scope 2 emissions of 299,296,100 kg CO2e, which have decreased to 383,096,100 kg CO2e and 191,417,100 kg CO2e, respectively, by 2023. However, there are no specific reduction targets or initiatives disclosed in their recent reports, indicating a potential area for improvement in their climate commitments. Baker Hughes's emissions data highlights the importance of addressing Scope 3 emissions, which represent the majority of their carbon footprint. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, suggesting a need for a more structured approach to climate action. Overall, while Baker Hughes has made strides in reducing its direct emissions, the lack of formal reduction targets and initiatives may hinder its ability to effectively address its overall climate impact.
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| 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 516,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 445,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 215,000,000 | - | - | - | 000,000,000,000 | 0,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Baker Hughes is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
