Slb

Slb's reported carbon emissions

SLB, headquartered in the US, reported a total of approximately 40.1 billion kg CO2e in emissions for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2022, SLB's total emissions were approximately 36.6 billion kg CO2e, followed by approximately 29.1 billion kg CO2e in 2021, and approximately 32.1 billion kg CO2e in 2020. For 2019, the total emissions were approximately 48.4 billion kg CO2e. The company has a long-term commitment to achieve net zero emissions by 2050. This overarching goal is supported by several interim targets, all measured against a 2019 baseline year: * A 30% reduction in Scopes 1 and 2 emissions by 2025. * A 50% reduction in Scopes 1 and 2 emissions by 2030. * A 30% reduction in Scope 3 emissions by 2030. SLB's climate action strategy includes detailed roadmaps for emission reduction across its divisions and geographies, focusing on short, medium, and long-term horizons. The company is also working with its suppliers to encourage emissions reductions within their own operations, recognising that its net zero commitment is inclusive of its value chain. In terms of specific scopes, for 2023, Scope 1 emissions were approximately 1.01 billion kg CO2e, and Scope 2 emissions (market-based) were approximately 288 million kg CO2e. Scope 3 emissions for 2023 totalled approximately 38.8 billion kg CO2e, with significant contributions from the use of sold products (approximately 20.3 billion kg CO2e) and purchased goods and services (approximately 10.2 billion kg CO2e). For 2025, SLB projects total emissions of approximately 34.9 billion kg CO2e, with Scope 1 at approximately 845 million kg CO2e, Scope 2 (market-based) at approximately 237 million kg CO2e, and Scope 3 at approximately 33.8 billion kg CO2e. SLB has disclosed targets for Scopes 1 and 2 reductions, aiming for a 30% decrease by 2025 and a 50% decrease by 2030. These targets are supported by initiatives aimed at improving utility efficiency and utilising renewable energy and hybrid vehicles within their operations. The company's net zero commitment is aligned with the 1.5°C target of the Paris Agreement.