Baker Hughes Co

Oil Equipment & Services
BKR
$ 34 6.9
Share price
$ 37 bn
Market Cap
$ 34 bn
Enterprise Value

Carbon footprint

20 Ton
GHG emissions per $ 1 mln investment
0.72x the weighted average for S&P 500
FY2020
How is this calculated?
-15%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-4.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Baker Hughes Co aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
Baker Hughes Co's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.7% weighted average for S&P 500
FY2021
How is this calculated?

Baker Hughes Co aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Baker Hughes Co's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Baker Hughes Co's GHG emissions (market-based) (Kt of CO2e)
Baker Hughes Co's Carbon intensity (Tons per 1 USDm)

Baker Hughes Co's carbon footprint

Baker Hughes Co reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 684 Kt (-116 /-14.5% y-o-y). Also positively, carbon intensity was down at 33 t (-0.5 /-1.5% y-o-y).

Baker Hughes Co's Scope 3 emissions decreased to 2,349 Kt (-166 /-6.6% y-o-y).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -28 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -101 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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