Video Environmental Impact Quantification
Support United Nations Sustainable Development Goals with Transition Technologies.
Support United Nations Sustainable Development Goals (SDGS) with proven impact-reducing technologies
Fossil fuels have been our primary energy source for the last century. But the current approach we use to produce and consume these resources is not sustainable for the planet. As energy demand grows and net-zero emissions targets become key value drivers, we need to drive the transition to lower-emitting energy systems without compromising energy supply. The oil and gas industry will have a key role in addressing this challenge. That’s why we're committed to helping our customers reduce emissions and environmental footprint and to transparently showing the impact we can make together.
We deliver technologies that are proven to quantifiably reduce impact now and drive more sustainable decisions for the future.
Our team of engineers have worked to quantify and prove the impact of our Transition Technologies. To do this, we developed a scientific methodology to consistently measure their sustainability impact on operations across the oil and gas value chain. The method enables us to identify and quantify the impact of current technologies and guides our development process for new ones.
Having a consistent quantification methodology is fundamental to our approach. It builds on existing industry standards, guidelines, and data (GHG Protocol, ISO 14040, and others) combined with those more uniquely suited to our operations. It's based on four fundamentals:
We aim for transparency of scope and data utilization with external verification where possible.
We compare technologies with equivalent ones to define value-driver threshold.
We map technology impacts to attributes, for example emissions reduction, which support the UN SDGs.
We identify where the biggest impact to footprint can occur within the technology life cycle.
Many oil and gas stakeholders communicate sustainability objectives through an SDG lens. Our methodology categorizes the environmental benefits of our technologies and links them to relevant UN SDGs.
The eight attributes we have defined more easily enable impact quantification and facilitate embedding methodology into our R&D process.
In 2021, SLB committed to net-zero emissions by 2050 across Scopes 1, 2, and 3 in line with climate science and the Greenhouse Gas Protocol. Our target supports the ambitions of the Paris Agreement, developed by the United Nations Framework Convention on Climate Change (UNFCCC), which seeks to reduce greenhouse gas (GHG) emissions by pursuing efforts to limit global warming to 1.5 degC above preindustrial levels.
Our Transition Technologies address sustainability challenges and opportunities across oil and gas operations. This growing portfolio delivers solutions and quantifies impact no matter where you are in the hydrocarbon life cycle.