Article Scaling Decarbonization Through Partnerships
Reuters Energy Transition Europe 2021 discussion with SLB Chief Strategy and Sustainability Officer Dr. Katharina Beumelburg.
Helping our customers reduce their environmental footprint
In addition to decarbonizing our operations and investing in new energy technology ventures, a key part of our strategy to advance sustainability within our industry is developing technologies and services that help our customers reduce their environmental footprint across the exploration and production (E&P) life cycle.
In 2021, we announced our comprehensive 2050 net-zero commitment, inclusive of scope 3 emissions—a first for the energy services sector. We also announced the launch of our Transition Technologies portfolio to address sustainability challenges and opportunities across the oil and gas industry value chain.
The portfolio comprises a select group of products and services that quantifiably reduce our customers’ greenhouse gas emissions while continuing to drive high performance, reliability, and efficiency. Supported by an industry-leading impact quantification framework, the portfolio is set to grow as we embed sustainability further into our R&D processes. It is currently focused on
SLB End-to-end Emissions Solutions (SEES) leverages an extensive selection of services and cutting-edge technologies to provide customers with robust and scalable solutions for measuring, monitoring, reporting, and ultimately eliminating methane and flaring emissions from their operations—quickly and effectively. The broad range of measurement technologies constitutes the most comprehensive and flexible emissions reduction offering in the market today.
SLB's Emissions Business Director explains how the industry can achieve a zero-methane and routine-flaring-free future.Read interview
A key element of our net-zero goal and overall climate ambition is reducing our customers’ greenhouse gas footprint throughout the life cycle of our products and services. To this end, we've developed a life cycle sustainability calculator that quantifies the environmental impact of our portfolio—both current and under development. The goal is to use this understanding to reduce greenhouse gas emissions enabled by our activities.
A discussion with Vice President of Sustainability Mikki CorcoranRead interview
Supplier disclosure is a first step in understanding our suppliers’ maturity on our journey to net zero, managing the environmental footprint of our supply chain, and encouraging suppliers on their own journey toward a low-carbon economy. We are working with our suppliers to reduce greenhouse gas emissions via a third-party disclosure process. In 2021, our efforts earned us an A– rating for supplier engagement from CDP , the not-for-profit organization that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts.