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.
+19 vs industry average
Baker Hughes’s score of 45 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Machinery and Equipment has above-average carbon intensity
Industry performance
The Machinery and Equipment industry has reduced its overall emissions by 12% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Baker Hughes's reported carbon emissions
In 2024, Baker Hughes reported total carbon emissions of approximately 386,367,000 kg CO2e from Scope 1, 178,361,000 kg CO2e from Scope 2, and a significant 375,422,658,000 kg CO2e from Scope 3, leading to a calculated total of approximately 386,367,000 kg CO2e. This reflects their ongoing commitment to reducing carbon emissions across all scopes. Baker Hughes has set ambitious climate targets, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030, with a long-term goal of achieving net-zero emissions by 2050. This commitment is part of their Carbon Out programme, which encourages employee engagement in sustainability efforts. The company has already achieved a 31% reduction in emissions since 2012, demonstrating progress towards their 2030 target. The company’s initiatives align with the Paris Agreement, aiming to mitigate climate change impacts. Baker Hughes is committed to transparency and accountability in their emissions reporting, with a focus on continuous improvement and adherence to industry standards.
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Baker Hughes’s Climate Goals (2030 & 2050)
8 goals2030
50% reduction in Scope 2
50% reduction in emissions by 2030 An interim goal was set at 50% reduction in scope 1 and 2 CO2 equivalent emissions by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Baker Hughes
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