Feature 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. 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.
To reduce GHG emissions from our facilities, we are focused on enhancing energy efficiency, reducing energy consumption, and switching to renewable power. To achieve these goals, we have implemented several initiatives, including:
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.
In 2022, our geography net zero roadmaps highlighted the importance of taking action on key sources of fuel use in our field operations. Our strategy is to focus on operational efficiency, electrification, job design for fuel-intensive services, and low-carbon fuel alternatives. Reducing and consolidating trips, engine idling campaigns and planning and logistics are key actions taken to improve operational efficiency. Electrification opportunities for light vehicles and equipment have been assessed in 2022 and action plans prioritized based on impact, availability, and infrastructure. Job design for higher emission services such as stimulation can play an important role in the overall emissions released during the job.