We continue to view environmental, social, and governance (ESG) performance as a key lever to transform our company and our industry. Baker Hughes is one of the leaders in the energy sector, and we are pleased to maintain our AA ESG rating by MSCI.
Planet
We have made great progress on improving our environmental performance and mobilizing our workforce to reduce greenhouse gas emissions toward our goal of net-zero by 2050. In 2021 we reported a 15% reduction* in our Scope 1 and 2 greenhouse gas emissions, and progress on many of our other environmental priorities. We are also a signatory of the Methane Guiding Principles that commit us to reduce methane emissions, which has become closer to reality following agreements made at COP26.
*2020 actual compared to 2019 base year
People
To lead in the energy transition, we know we must
retain and develop a globally skilled and diverse
workforce. The challenges of the COVID-19 pandemic
have caused us to rethink how we approach flexible
work and support our people. In 2021, we focused
on strengthening our diversity, equity, and inclusion
(DEI) programs. Led by our Global DEI Council, we
improved our talent acquisition processes, enhanced
our employee resource groups, and increased our
outreach to diverse organizations. In the US, we
launched a new educational partnership with four
historically black colleges and universities.
Principles
Safety, health, integrity, compliance, and human rights are foundational elements of our culture. We continue to be guided by our values and our governance structure. Our disciplined approach to occupational safety, health, and emergency management helped us to navigate the challenges of the COVID-19 pandemic, while implementing robust vaccination and return-to-work programs. I am proud Baker Hughes acts with integrity through maintaining ethical supply chains and promoting respect for fundamental human rights.
