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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.
+36 vs industry average
Baker Hughes’s score of 63 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Machinery and Equipment has above-average carbon intensity
The Machinery and Equipment industry has reduced its overall emissions by 37% since 2018
Scope 3 accounts for ••• of total emissions.
Baker Hughes aims for net-zero carbon emissions by 2050. As an interim goal, the company has committed to reducing its Scope 1 and 2 CO2e emissions by 50% by 2030, using a 2012 baseline. Since 2012, Baker Hughes has achieved a 31% reduction in carbon emissions, which represents 62% of its 2030 target.
In 2025, Baker Hughes reported total Scope 1 emissions of approximately 365,095,000 kg CO2e, market-based Scope 2 emissions of about 149,246,000 kg CO2e, and Scope 3 emissions of roughly 539,226,099,000 kg CO2e. In 2024, the company reported Scope 1 emissions of approximately 386,367,000 kg CO2e, market-based Scope 2 emissions of about 178,361,000 kg CO2e, and Scope 3 emissions of roughly 375,422,658,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 included use of sold products (approximately 366,523,904,000 kg CO2e) and purchased goods and services (about 7,346,257,000 kg CO2e). For 2023, Baker Hughes reported Scope 1 emissions of approximately 383,096,000 kg CO2e, market-based Scope 2 emissions of about 191,417,000 kg CO2e, and Scope 3 emissions of roughly 433,728,176,000 kg CO2e. The largest component of Scope 3 in 2023 was use of sold products, accounting for approximately 425,927,694,000 kg CO2e.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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