Schlumberger Announces Commitment to Net Zero by 2050
22 Juni 2021 - 1:00PM
Business Wire
Decarbonization plan leverages technology to
address operational emissions, customer emissions, and
carbon-negative actions
Regulatory News:
Schlumberger announced today its commitment to achieve net-zero
greenhouse gas (GHG) emissions by 2050. Guided by climate science,
Schlumberger has spent 18 months conducting extensive analysis and
working with experts to produce a decarbonization plan. With
minimal reliance on offsets, the plan is focused on reducing Scope
1, 2 and 3 emissions across the oil and gas value chain—including
the introduction of its Transition
Technologies portfolio to assist its customers and the wider
industry in their decarbonization commitments.
Schlumberger is committed to getting to net zero, using 2019 as a baseline year, supported
by a comprehensive near-term emission reduction roadmap and interim
targets:
- By 2025, a 30% reduction in Scopes 1 and 2
- By 2030, a 50% reduction in Scopes 1 and 2; 30% reduction in
Scope 3
- By 2050, Net Zero, with minimal reliance on offsets
Along this journey to net zero, Schlumberger will ensure
transparency in alignment with the Task Force on Climate-related
Financial Disclosures (TCFD) and Sustainability Accounting Boards
(SASB) frameworks. In this context, Schlumberger is working with
the Science-Based Target initiative for formal external validation
of its 2030 target.
“There is a new industry imperative to address climate change
while meeting the demand for energy both today and in the long
term, sustainably. We have a 2050 net-zero carbon emissions
ambition which I believe is unique in our industry due to our
capabilities as a technology company and our culture grounded in
science. This reinforces our commitment to unlocking access to
energy, for the benefit of all,” said Olivier Le Peuch, chief
executive officer, Schlumberger. “Our net-zero target is inclusive
of total Scope 3 emissions; this is a first in the energy services
industry.”
“Our decarbonization plans are based upon climate science and
focused on three key areas: operational emissions; customer
emissions; and carbon-negative actions,” said Katharina Beumelburg,
chief strategy and sustainability officer, Schlumberger. “75% of
Schlumberger’s baseline GHG footprint comes from the technologies
our customers use. To address this, Schlumberger has introduced our
Transition Technologies portfolio, which is designed to help
customers reduce their Scope 1 and 2 emissions, while
simultaneously enabling us to meet our Scope 3 emissions
target.”
The Transition Technologies
portfolio will address fugitive emissions, flaring
reduction, electrification, well construction emissions, and full
field development solutions. Comprised of proprietary technologies
and solutions, these will help to reduce direct and indirect
emissions along with other environmental attributes, while
simultaneously driving efficiency, reliability, and performance. To
quantify the impact of these technologies, Schlumberger has
developed a robust framework that enables standardization of
measurement, benchmarking through net-footprint comparisons, and
ultimately better-informed technology selection during
planning.
Schlumberger’s decarbonization plan is aligned with the Paris
Agreement to limit global warming to 1.5 degrees Celsius, achieving
a climate neutral world by mid-century. Schlumberger is on track to
achieve its previously set near-term emissions reduction target of
30% by 2025 for Scope 1 and 2, ahead of schedule.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners
with customers to access energy. Our people, representing over 160
nationalities, are providing leading digital solutions and
deploying innovative technologies to enable performance and
sustainability for the global energy industry. With expertise in
more than 120 countries, we collaborate to create technology that
unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws — that is, any
statements that are not historical facts. Such statements often
contain words such as “expect,” “may,” “can,” “believe,”
“forecast,” “estimate,” “goal,” “target,” “will,” and other similar
words. Forward-looking statements address matters that are, to
varying degrees, uncertain, such as forecasts or expectations
regarding the deployment of, or anticipated benefits of, certain
technologies; the business strategies of Schlumberger and its
customers, including their respective decarbonization strategies;
and other forecasts or expectations regarding the energy transition
and global climate change. These statements are subject to risks
and uncertainties, including legislative and regulatory initiatives
addressing environmental concerns; and other risks and
uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K
filed with or furnished to the U.S. Securities and Exchange
Commission. The forward-looking statements speak only as of the
date of this press release, and Schlumberger disclaims any
intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622005614/en/
Media Giles Powell – Director of Corporate Communication,
Schlumberger Limited Tel: +1 (713) 375-3494
communication@slb.com
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations, Schlumberger Limited Joy V. Domingo – Director
of Investor Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
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