Sustainability

The energy industry is changing, and our vision is to define and drive high performance, sustainably.

Schlumberger is committed to operating ethically and in an environmentally, economically and socially responsible manner. This commitment is fully articulated in The Blue Print in Action – Our Code of Conduct. Schlumberger is also committed to conducting business in a manner that preserves and respects human dignity. These commitments are fully articulated in our Human Rights Position Statement. We seek to apply these commitments across all Schlumberger business activities and supply chain, including suppliers, contractors and labor agents.

To ensure the respect of human rights and the progression of sustainable development, Schlumberger has aligned its Sustainability program with the Sustainable Development Goals (“SDGs”) of the United Nations. Schlumberger takes consideration in sourcing decisions of the positive and negative impacts we can have on a range of issues covered by the SDGs. 

To find out more about our Sustainability program, go to www.slb.com/sustainability.

Working conditions requirements

At Schlumberger, we are committed to conducting business in a manner that preserves and respects as outlined in our Human Rights Position Statement.

We prohibit any use or contracting, directly or indirectly, of child labor, forced labor, human trafficking, or any form of slavery.

Our Working Conditions Requirements provide a common baseline for the expected treatment of all workers. It sets out nine principles to assist our operations and suppliers in reviewing their performance in human rights in the workplace.

All suppliers to Schlumberger must respect and comply with our Working Conditions Requirements in order to establish or continue business with us.

Climate action

In June 2021, we announced our commitment to achieve net-zero greenhouse gas emissions by 2050. This 2050 target is inclusive of all three scopes of emissions, addressing the entire oil and gas value chain.

We identified three key components to achieve this ambition: Reducing operational emissions, reducing customer emissions that occur while using our technology and taking carbon negative actions of sufficient scale to offset residual and operational emissions. Our 2050 target is supported by a comprehensive near-term road map with the following interim milestones:

• By 2025, a 30% carbon emissions reduction in Scopes 1 and 2. A portion of the 2020 short-term cash incentive compensation opportunity for our CEO and other members of our senior management was based on achieving an annual internal emissions reduction objective as part of this 2025 goal.
• By 2030, a 50% reduction in Scopes 1 and 2.
• By 2030, a 30% reduction in Scope 3.

Supplier disclosure is a first step in understanding our suppliers’ maturity on our carbon reduction journey to net zero and to help us better manage the environmental footprint of our supply chain while encouraging suppliers on their own journey towards a low carbon economy. We are working with our suppliers to improve performance associated with GHG emission reduction via a third party disclosure process.

In 2021 we received an A- supplier engagement rating from CDP, the not-for-profit organization that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.