GlobalData offers a comprehensive analysis of Schlumberger, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Schlumberger‘s ESG performance. GlobalData’s company profile on Schlumberger offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Schlumberger, a global oilfield services company, has set target for net zero by 2050 carbon emissions targets as part of its sustainability efforts and the company is committed to reducing its greenhouse gas (GHG) emissions. In terms of carbon emissions trends, Schlumberger reported its emissions data for the years 2019 to 2022. The company's scope 1 and scope 2 emissions have shown a decreasing trend over the years, with 2022 emissions lower than those in 2019. However, scope 3 emissions, which include categories such as purchased goods and services, transportation, and waste generated, have fluctuated over the same period.
The company has established interim targets for 2025 and 2030, aligning with the Paris Agreement's 1.5-degree Celsius target. To ensure progress, detailed emission reduction actions are being implemented across divisions and geographies, spanning short, medium, and long-term timeframes. The net-zero commitment extends to the entire value chain, with active collaboration with suppliers to reduce their emissions footprint.
In 2022, the company’s emissions reported Scope 1 was 1,483 thousands of metric tons CO2e, scope 2 – market based was 312 thousands of metric tons CO2e and scope 3 was 34,849 thousands of metric tons CO2e. Notably, there has already been a significant achievement, with a 16% reduction in Scope 1 and 2 carbon emissions intensity compared to the levels observed in 2021. To achieve its net-zero targets, Schlumberger has taken steps to reduce its emissions. The company has invested in initiatives such as digitalization and SLB New Energy, which aim to improve operational efficiency and explore alternative energy sources. It has also implemented measures to reduce waste and increase water recycling.
In conclusion, Schlumberger is actively working towards its net-zero carbon emissions goals and the company's efforts include investments in technology and sustainability initiatives. As a global leader in the oilfield services industry, Schlumberger's commitment to reducing its carbon footprint is an important step towards addressing climate change and promoting environmental sustainability.
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