In its recently published 2022 corporate sustainability report, Baker Hughes announced that it is on-track to reach its net zero emissions goal by 2050 by cutting emissions by close to a third from its operating facilities through energy efficiency initiatives.

It also outlined the improvement in its environmental, social and governance (ESG) performance to drive more sustainable operations.

“Last year was a year of transformation for Baker Hughes, highlighting sustainability as one of the key differentiators of our business. Against the backdrop of a challenging and complex global energy environment, I am proud that while we continue supporting our customers on their energy transition journeys, we have not lost sight of our goal to operate in a responsible and more sustainable way,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “Sustainability has a clear role to play in advancing our purpose of taking energy forward, making it safer, cleaner and more efficient for people and the planet.”

One of the most important key highlights of Baker Hughes’ performance is reducing scope 1 and scope 2 greenhouse gas emissions by 28% through energy efficiency initiatives, facility consolidations, and increased electricity from renewable and zero-carbon sources.