Baker Hughes Co

Oil & Gas Equipment & Services
BKR
$ 21 2.5
Share price
$ 22 bn
Market Cap
$ 25 bn
Enterprise Value

Carbon footprint

24 Ton
GHG emissions per $ 1 mln investment
0.61x the weighted average for S&P 500
FY2021
How is this calculated?
-11%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
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

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
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 2021 at 607 Kt (-77 /-11.3% y-o-y). Also positively, carbon intensity decreased to 30 t (-3.5 /-10.6% y-o-y).

Baker Hughes Co's Scope 3 emissions took off to 237,010 Kt (+234,661/+9989% y-o-y). There has been no consistent trend in recent years.

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 -24 Kt per annum over the period of FY2022 - 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 -8,194 Kt per annum over the period of FY2022 - 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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