Baker Hughes
Baker Hughes, a prominent player in the machinery and equipment sector, is headquartered in the United States and operates extensively across North America, Europe, and the Asia-Pacific region. Founded in 1907, the company has evolved significantly, marking key milestones in innovation and technology within the oil and gas industry.
Specialising in advanced drilling, production, and reservoir consulting services, Baker Hughes stands out for its commitment to sustainability and efficiency. Its core offerings include cutting-edge technologies and integrated solutions that enhance operational performance while minimising environmental impact.
With a strong market position, Baker Hughes has garnered recognition for its pioneering efforts in digital solutions and energy transition initiatives, solidifying its reputation as a leader in the machinery and equipment industry.
+22 vs industry average
Baker Hughes’s score of 47 is higher than 64% 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 37% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Baker Hughes's reported carbon emissions
Baker Hughes, a machinery and equipment company headquartered in the US, reported significant carbon emissions across Scopes 1, 2, and 3 for the reporting year 2024. The company's total emissions for 2024 were approximately 379.8 billion kg CO2e, comprising Scope 1 emissions of about 386.4 million kg CO2e, Scope 2 market-based emissions of approximately 178.4 million kg CO2e, and Scope 3 emissions totalling about 375.4 billion kg CO2e.
In 2023, Baker Hughes' total emissions were approximately 435.1 billion kg CO2e. Scope 1 emissions were around 383.1 million kg CO2e, Scope 2 market-based emissions stood at approximately 191.4 million kg CO2e, and Scope 3 emissions reached about 433.7 billion kg CO2e.
Baker Hughes has set ambitious climate commitments. The company aims to achieve net-zero carbon equivalent emissions by 2050. To support this long-term goal, they have pledged to reduce Scope 1 and Scope 2 emissions by 50% by 2030. This commitment is aligned with the Paris Accord and the 1.5-degree scenario. For example, in 2024, Scope 1 emissions were approximately 386.4 million kg CO2e and Scope 2 market-based emissions were around 178.4 million kg CO2e. In 2023, Scope 1 emissions were about 383.1 million kg CO2e and Scope 2 market-based emissions were approximately 191.4 million kg CO2e.
The company's Scope 3 emissions are a substantial component of their overall carbon footprint. For 2024, these were approximately 375.4 billion kg CO2e, with the use of sold products representing the largest portion at around 366.5 billion kg CO2e. In 2023, Scope 3 emissions were approximately 433.7 billion kg CO2e, with the use of sold products accounting for about 425.9 billion kg CO2e. Baker Hughes is actively engaged in initiatives like their "Carbon Out" program to involve employees in their net-zero journey.
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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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