Nov

Nov's reported carbon emissions

NOV, headquartered in the US and operating in the crude petroleum and services related to crude oil extraction industry, has reported Scope 1 and 2 greenhouse gas emissions totalling approximately 411,023,000 kg CO2e for 2024. This represents a decrease from approximately 378,751,000 kg CO2e in 2023 and 368,636,000 kg CO2e in 2022. Scope 3 emissions data was not disclosed for these years. The company's commitment to climate action includes targets for emissions reductions. While specific NOV-branded targets are mentioned for Scope 1 and Scope 2 with a timeframe of near-term (2023-2030), the details provided relate to Nov's efforts in carbon capture technologies, rather than a percentage reduction goal. However, there are other climate commitments that appear to be cascaded, indicated by mentions of "CN's target" and "SBTi approved CN's 2030 target". These cascaded targets include a commitment to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 43% per gross ton mile by 2030 from a 2019 base year, with Science-Based Target initiative (SBTi) approval. Furthermore, there is a long-term target to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year. The origin and applicability of these cascaded targets to NOV's direct operations are not explicitly detailed within the provided information.