Schlumberger is being recognized with a 2021 Energy ESG Top Performers Award in the public service company category.

Schlumberger ESG

Schlumberger’s vision is to define and drive high performance, sustainably. The company is committed to environmental and social sustainability, which are integral to the way it operates. (Source: Schlumberger)

Energy ESG Awards

Environmental accomplishments: 

In 2021 Schlumberger announced its commitment to achieve net-zero greenhouse-gas (GHG) emissions by 2050. This commitment follows 18 months of extensive analysis of Schlumberger’s carbon footprint in close collaboration with climate experts. With minimal reliance on offsets, Schlumberger’s net-zero targets cross Scope 1, 2 and 3 emissions, covering the entire company value chain—a first in the energy services industry.

In 2019 Schlumberger committed to setting a science-based target to reduce its GHG emissions—another first in upstream E&P services. Schlumberger set a target to reduce Scope 1 and 2 emissions by 30% by 2025—a target the company is on track to meet earlier than anticipated.

Societal efforts: 

As a provider of technology and digital solutions for the energy industry, Schlumberger has sales and services in more than 120 countries and employs individuals from more than 170 nations. They have a strong commitment to diversity of thought and leadership as shown in the gender and geographic diversity of their board of directors. 

Schlumberger created several programs that impact the social dimension of its workforce and the communities where it works. The Schlumberger Excellence in Education Development initiative brings STEM programs to young people in communities wherever Schlumberger operates. The program relies on employees, volunteers and educators to help students learn more about STEM subjects with an emphasis on robotics, computer science and energy education. 

The Schlumberger Foundation’s Faculty for the Future program aims to reduce the gender gap in science by awarding fellowships to women from developing and emerging economies who are preparing for Ph.D. or post-doctoral study in STEM disciplines at top universities around the world.

Governance achievements:

Schlumberger seeks to define and drive environmental and social progress while creating long-term stakeholder value. The company uses established sustainability frameworks that include SASB, TCFD, the UN Sustainable Development Goals, and the UN Guiding Principles on Business and Human Rights Reporting Framework.

Schlumberger is a participant member of the United Nations Global Compact, supporting and integrating its Ten Principles on human rights, labor, the environment and anticorruption into global operations.

In 2021 Schlumberger established a New Energy and Innovation Committee to act in an advisory role as the energy transition progresses.