Baker Hughes Co

Oil & Gas Equipment & Services

BKR

$ 35 (3.5)%

Share price

$ 36 bn

Market Cap

$ 40 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.42x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2023

Baker Hughes Co aims to achieve net zero for Scope 1 + 2 by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Baker Hughes Co reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 570 Kt (-37 /-6.1% y-o-y). Also positively, carbon intensity was down at 27 t (-2.7 /-9.1% y-o-y).

Baker Hughes Co's Scope 3 emissions was up at 252,414 Kt (+15,404/+6.5% y-o-y). The growth has slowed compared to the trend since 4Q'20 (CAGR +375%).

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -20 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	570	376	194	252,414	21,156	27
2021Q4	607	391	216	237,010	20,502	30
2020Q4	684	432	252	2,349	20,705	33
2019Q4	663	383	287	188,224	23,838	28
2018Q4	628	353	275		22,877	28
2017Q4	707	383	311		17,179	41
2016Q4	792	439	353		13,269	60

Baker Hughes Co

Carbon footprint

Primary Climate Goal

Baker Hughes Co aims to achieve net zero for Scope 1 + 2 by 2050

GHG emissions and Carbon intensity

Baker Hughes Co's carbon footprint

Company environmental metrics