Baker Hughes Co
Baker Hughes's GHG Emissions Data Preview
In 2023, Baker Hughes completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Baker Hughes has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Verified Sources Behind Baker Hughes’s Greenhouse Gas (GHG) Emissions Data
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Insights into Baker Hughes's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Baker Hughes amounted to 601,037.1 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Baker Hughes increased by 2.38%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Baker Hughes's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Baker Hughes's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Baker Hughes were 383,096.1 metric tons of CO₂ equivalent (tCO₂e). a
Has Baker Hughes reduced its Scope 1 emissions over time?
Since 2019, Baker Hughes's Scope 1 emissions have decreased by 23.65%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Baker Hughes's Scope 1 emissions increased by 1.84%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Baker Hughes's Scope 2 emissions?
In 2023, Baker Hughes reported Scope 2 greenhouse gas (GHG) emissions of 191,417.1 tCO₂e using the market-based method and 217,941 tCO₂e using the location-based method. a
Has Baker Hughes reduced its Scope 2 emissions over time?
Since 2019, Baker Hughes's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 29.03%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Baker Hughes's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Baker Hughes 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Baker Hughes use for Scope 2 reporting?
In 2023, Baker Hughes reported its Scope 2 emissions using the market-based method and using the location-based method. a
Baker Hughes's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Baker Hughes's Value Chain Emissions
In 2023, Baker Hughes reported 433,728,176 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Baker Hughes includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Baker Hughes's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Baker Hughes's Scope 3 emissions?
In 2023, Baker Hughes reported total Scope 3 emissions of 433,728,176 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 1.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.25% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Baker Hughes reduced its Scope 3 emissions over time?
Since 2019, Baker Hughes's Scope 3 emissions have increased by 83.14%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Baker Hughes's Scope 3 emissions increased by 71.83%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Baker Hughes disclose?
In 2023, Baker Hughes reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Baker Hughes's Scope 3 emissions?
In 2023, the largest contributors to Baker Hughes's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 425,927,694 tCO₂e (98.2%)
- Purchased Goods and Services (Cat. 1): 6,368,267 tCO₂e (1.47%)
- Upstream Transportation and Distribution (Cat. 4): 331,325 tCO₂e (0.08%)
Baker Hughes's Scope 3 Emissions by Categories
Insights into Baker Hughes’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Baker Hughes reported Scope 1 greenhouse gas (GHG) emissions of 383,096.1 tCO₂e and total revenues of USD 25,506 millions. This translates into an emissions intensity of 15.02 tCO₂e per millions USD. a
Baker Hughes's Scope 1 Emissions Intensity Compared to Peers
How does Baker Hughes's GHG emissions intensity compare to its peers?
In 2023, Baker Hughes reported a Scope 1 emissions intensity of 15.02 tCO₂e per millions USD. Compared to the peer group median of 177.91, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Baker Hughes rank on GHG emissions intensity within its industry?
In 2023, Baker Hughes ranked 1 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Baker Hughes among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Baker Hughes's Total Carbon Footprint
In 2023, Baker Hughes reported a total carbon footprint of 434,329,213.1 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 71.67% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Baker Hughes's total carbon footprint was Scope 3 emissions, accounting for 99.86% of the company's total carbon footprint, followed by Scope 1 emissions at 0.09%. a