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Baker Hughes reports progress on energy transition

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Baker Hughes released its 2019 Report on Corporate Responsibility. The report highlights performance data for the full year 2019 in the areas of planet, people, and principles, and includes Baker Hughes’ contributions to the energy transition to achieve net-zero carbon emissions by 2050.

The report provides a detailed view of the environmental, social, and governance (ESG) framework that underpins the company’s corporate strategy to lead through the energy transition to a low- to zero-carbon future.

“The collective action of people and industry, when directed with purpose, can enable change on a global scale. The dual challenge of greater energy access and climate change is one of the greatest issues facing our world. That’s why our purpose is clear, and our commitment is firm. We make energy safer, cleaner and more efficient for people and the planet. Our core principles together with our people and partners will help us get to a more sustainable energy future.”

Lorenzo Simonelli, Baker Hughes chairman and CEO.

“We see ESG factors as key levers to transform the performance of our company and our industry. Over the last year, we set performance indicators to better track the company’s progress year over year and enhanced the transparency of our reporting through more robust and comprehensive data collection.”

Allyson Book, Baker Hughes vice president of energy transition and the company’s ESG steering team chair.

Download report here.

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