A road during wintertime with snow on the ground

Our journey to lower emissions

Reducing our emissions and energy usage across our value chain

Download 2024 Sustainability Report

Challenge

Our targets

SLB is committed to achieving net-zero greenhouse gas (GHG) emissions by 2050— aligned with science-based methodology and the 1.5 degC target of the Paris Agreement. We have established a timeline with interim targets, using 2019 as our baseline.

30%

reduction in Scope 1 and 2 emissions by 2025 and reduction in Scope 3 emissions by 2030

50%

reduction in Scope 1 and 2 emissions by 2030

We have developed road maps for Scope 1, 2, and 3 emissions, extending to 2030. Our key operational strategies include:

Implementing geography-specific Scope 1 and 2 decarbonization road maps
Creating a fuel playbook to outline practical actions by job function to record, reduce, and replace operational fuel usage, which is the largest source of our Scope 1 and 2 emissions
Enhancing data accuracy, operational efficiency, and job design to reduce or eliminate emissions.

Scope 1 and 2

Reducing GHG emissions in our facilities

In alignment with SLB’s science-based targets and commitment to sustainability, our facility management team focuses on a proactive record, reduce, and replace strategy to drive down GHG emissions. We are enhancing energy efficiency, cutting energy consumption, and switching to renewable power through several key initiatives:

Integrating renewable energy through green tariffs and on-site solar
Deploying smart meters to accelerate energy efficiency
Transitioning to lower-carbon energy sources by reducing diesel reliance
Implementing energy efficiency upgrades like lighting, sensors, and insulation
Empowering local teams through targeted investments, training, and engagement.

Solar panel installations in Singapore led to an annual output of more than 6,000 MWh, reducing our carbon footprint and saving approximately USD 1.2 million annually. The installation of more than 300 LED lights, PV flood lights, and other energy efficient measures resulted in more than 20% reduced CO2e, showcasing our commitment to renewable energy and a sustainable future.

Switching to Solar in Saudi Arabia

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.

Sustainability

Reducing GHG emissions in field operations

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.