SUSTAINABILITY

In order to establish auditready sustainability metrics, in 2021 Baker Hughes overhauled its reporting infrastructure, introducing non-financial metrics into its core financial systems. This replaced more fragmented collection methods with stronger data governance, helping the company better understand and report on sustainability data.“ By making our operations more sustainable, we’ re able to increase efficiencies that impact our bottom line. It’ s a direct cause-and-effect relationship,” said Allyson Anderson Book, CSO at Baker Hughes.“ As we continue to enhance our sustainability efforts and move

Allyson Anderson Book CSO

Baker Hughes

forward with climate disclosures and sustainability reporting, we believe our investor-grade integrated ESG data and reporting demonstrates our long-term, transparent approach to our investors.” This change has helped the company see a 36.9 % absolute emissions reduction in scope one and two greenhouse gas emissions compared to its 2019 baseline – its largest emissions reduction to date – with Baker Hughes reporting that the use of renewable energy and operational efficiencies contributed to a 49 % reduction in combined scope one and two facility emissions.