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.
+20 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
Baker Hughes, a US-based company in the machinery and equipment sector, has outlined ambitious carbon emission reduction targets and commitments. In 2024, the company reported total emissions of approximately 376.6 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling about 386.4 million kg CO2e, Scope 2 emissions (market-based) of approximately 178.4 million kg CO2e, and Scope 3 emissions reaching approximately 375.4 billion kg CO2e. For 2023, Baker Hughes reported total emissions of approximately 434.1 billion kg CO2e, with Scope 1 at about 383.1 million kg CO2e, Scope 2 (market-based) at approximately 191.4 million kg CO2e, and Scope 3 emissions amounting to roughly 433.7 billion kg CO2e. Looking at earlier years, in 2022, Scope 1 emissions were approximately 376.2 million kg CO2e and Scope 2 (market-based) were around 193.9 million kg CO2e. Scope 3 emissions data was not disclosed for this year. In 2021, Scope 1 emissions were about 391.3 million kg CO2e and Scope 2 (market-based) were approximately 216.0 million kg CO2e, with Scope 3 data also not available. For 2020, Scope 1 emissions were approximately 432.3 million kg CO2e and Scope 2 (market-based) were about 252.1 million kg CO2e, with no Scope 3 data reported. In 2019, Scope 1 emissions were approximately 499.2 million kg CO2e, Scope 2 (market-based) were about 300.0 million kg CO2e, and Scope 3 emissions were around 275.9 billion kg CO2e. Emissions for 2018, 2017, and 2016 were reported for Scope 1 and Scope 2, with Scope 1 emissions at approximately 353.3 million kg CO2e, 383.1 million kg CO2e, and 439.0 million kg CO2e respectively, and Scope 2 (market-based) at roughly 274.9 million kg CO2e, 323.9 million kg CO2e, and 353.3 million kg CO2e. Scope 3 data was not disclosed for these years. In 2012, Scope 1 emissions were approximately 516.0 million kg CO2e, Scope 2 (market-based) around 445.0 million kg CO2e, and Scope 3 emissions were approximately 215.0 million kg CO2e. Baker Hughes has set a significant commitment to achieve net-zero carbon equivalent emissions by 2050. As part of its near-term strategy, the company has pledged to reduce Scope 1 and Scope 2 CO2e emissions by 50% by 2030, using a 2019 baseline year. This commitment is in alignment with the Paris Accord and the 1.5-degree scenario. The company is actively working towards these goals, with efforts such as the "Carbon Out" program empowering employees to contribute to the net-zero target.
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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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