Schlumberger

Oil Equipment & Services
SLB
$ 42 3.4
Share price
$ 60 bn
Market Cap
$ 67 bn
Enterprise Value

Carbon footprint

24 Ton
GHG emissions per $ 1 mln investment
0.87x the weighted average for S&P 500
FY2020
How is this calculated?
-19%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-2.7%
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?

Schlumberger aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2019


This target has not been verified as science based according to SBTi
Schlumberger'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 -6.9% weighted average for S&P 500
FY2021
How is this calculated?

Schlumberger aims to achieve net zero for all Scopes by 2050


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

GHG emissions and Carbon intensity

Schlumberger's GHG emissions (location-based) (Kt of CO2e)
Schlumberger's Carbon intensity (Tons per 1 USDm)

Schlumberger's carbon footprint

Schlumberger reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,636 Kt (-381 /-18.9% y-o-y). At the same time, carbon intensity skyrocketed to 69 t (+8/+13% y-o-y).

Schlumberger's Scope 3 emissions was down at 38,127 Kt (-14,008 /-26.9% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2019, which translates into the estimated reduction of -45 Kt per annum over the period of FY2021 - FY2025. 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 -1,325 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.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which it appears to have already achieved as of 2020. 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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