Our road map to net zero

Eliminating our greenhouse gas emissions by 2050

SLB is committed to achieving net-zero greenhouse gas (GHG) emissions by 2050—aligned with the 1.5-degC target of the Paris Agreement. We have established a timeline for milestones along this journey, with reductions relative to 2019 baselines.

The commitment followed 18 months of extensively analyzing our carbon footprint in close collaboration with climate experts. With minimal reliance on offsets, our net-zero target encompasses Scope 1, 2, and 3 emissions covering the company’s entire value chain—a first in the energy services industry.

30%

reduction in scope 1 and 2 emissions by 2025

50%

reduction in scope 1 and 2 and 30% reduction in scope 3 emissions by 2030

100%

Net-zero emissions with minimal reliance on offsets by 2050

We are following comprehensive road maps for our Scope 1, 2, and 3 GHG emissions to achieve our net-zero and interim targets. In addition, carbon-negative actions such as bioenergy with carbon capture and storage, will help us achieve our net-zero goal with minimal reliance on offsets.

Reducing GHG emissions from our facilities

To reduce GHG emissions at our facilities, we are focused on reducing energy use via our global “Lean and Green” environmental program. Our initiatives include

educating our people on energy conservation best practices to promote behavior change
implementing renewable energy solutions where feasible
updating HVAC systems and optimizing facility heating and cooling cycles
strengthening our renewables strategy.

By the end of 2021, renewable power accounted for 25% or 205,000 MW.h of total facilities electricity consumption, as a result of measures such as earning Texas renewable energy certificates, using green tariffs in Europe and Brazil, and investing in onsite generation projects in Egypt, India, and Mexico.

In Australia, our Kewdale facility implemented 651 LED fittings to replace existing lighting. We anticipate that this initiative will result in annual reductions of 189,000 kW.h in electricity consumption, USD 49,000 in facility energy cost, and 128 metric tons of CO2e.

Installing 112 solar panels at our facility in Balkanabat reduced our consumption of energy and represents the first solar installation of this capacity in Turkmenistan.

Solar power generation at the SLB Egypt Center of Efficiency has eliminated 400 metric tons of CO2e annually.

The Celsius Energy geoenergy installation at one of our manufacturing facilities in France resulted in a 90% reduction in CO2 emissions, 60% reduction in energy consumption, and 40% lower annual heating and cooling costs.

Switching to Solar in Saudi Arabia

Our team in Saudi Arabia has installed 1450 solar panels—eliminating 600 metric tons of CO2e annually and covering the entire electricity consumption of the facility administration building.