Article Scaling Decarbonization Through Partnerships
Reuters Energy Transition Europe 2021 discussion with SLB Chief Strategy and Sustainability Officer Dr. Katharina Beumelburg.
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.
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.
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
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.