Baker Hughes Co

Common Name
Baker Hughes
Country
United States
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
57,000
Ticker
BKR
Exchange
NASDAQ/NGS
Description
Baker Hughes Company is a global energy technology provider that plays a critical role in the oil and gas sector. The company's primary function is to deliver integrated oilfield products, services, a...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

Baker Hughes's Scope 1 Emissions Over Time

201920202021202220230150 k300 k450 k600 ktCO2e-14%-9%-4%+2%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are Baker Hughes's Scope 2 emissions?

In 2023, Baker Hughes reported Scope 2 greenhouse gas (GHG) emissions of 191,417.1 tCOâ‚‚e using the market-based method, and 217,941 tCOâ‚‚e using the location-based method.

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.

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.

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.

Baker Hughes's Scope 2 Emissions Over Time

20192020202120222023080 k160 k240 k320 ktCO2e
  • 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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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.

Baker Hughes's Scope 3 Emissions Over Time

201920202021202220230150 M300 M450 M600 MtCO2e-99%+9989%+6%+72%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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.

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.

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:

  • Use of Sold Products (Cat. 11): 425,927,694 tCOâ‚‚e (98.2%)
  • Purchased Goods and Services (Cat. 1): 6,368,267 tCOâ‚‚e (1.47%)
  • Upstream Transportation and Distribution (Cat. 4): 331,325 tCOâ‚‚e (0.08%)

Baker Hughes's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(1.5%)Use of Sold Products(Cat. 11)(98.2%)

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 COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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