Schlumberger Becomes First Company in Upstream E&P Services to Commit to Science-Based Target in Emissions Reduction
December 19 2019 - 5:10PM
Business Wire
The target will align Schlumberger with the
goals of the Paris Agreement to reduce climate change
Schlumberger announced today its commitment to setting a
science-based target to reduce its greenhouse gas (GHG) emissions.
Schlumberger’s commitment has been submitted to the Science Based
Targets initiative (SBTi) and, in line with the defined criteria,
Schlumberger will define its reduction target by 2021. This
commitment is part of the company’s thought leadership and focus on
environmental and social sustainability through its
industry-leading Global Stewardship program.
Science-based targets in line with the latest climate science
must meet the goals of the Paris Agreement, an agreement developed
in 2016 by the United Nations Framework Convention on Climate
Change (UNFCCC) that seeks to reduce GHG emissions. The Paris
Agreement focuses on limiting global warming to well-below 2°C
above pre-industrial levels.
Schlumberger CEO Olivier Le Peuch said, “The energy industry has
a key role to play in reducing the effects of climate change.
Schlumberger seeks to lead positive, measurable changes in GHG
emissions within the industry to help reduce climate change. The
application of our industry-leading environmentally responsible
technologies will help drive process efficiency and environmental
footprint reduction.”
The SBTi champions science-based target setting as a powerful
way of boosting companies’ competitive advantage in the transition
to the low-carbon economy. It is a collaboration between CDP, the
United Nations Global Compact (UNGC), World Resources Institute
(WRI), and the World Wide Fund for Nature (WWF) and one of the We
Mean Business Coalition commitments.
About Schlumberger
Schlumberger is the world's leading provider of technology for
reservoir characterization, drilling, production, and processing to
the oil and gas industry. With product sales and services in more
than 120 countries and employing approximately 105,000 people who
represent over 140 nationalities, Schlumberger supplies the
industry's most comprehensive range of products and services, from
exploration through production, and integrated pore-to-pipeline
solutions that optimize hydrocarbon recovery to deliver reservoir
performance.
Schlumberger Limited has executive offices in Paris, Houston,
London and The Hague, and reported revenues of $32.82 billion in
2018. For more information, visit www.slb.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191219005759/en/
Global Stewardship Lees Rodionov, Vice President of
Global Stewardship, Schlumberger Limited Tel: +1 (713) 375-3535
communication@slb.com Media Joao Felix, Director of
Corporate Communication, Schlumberger Limited Tel: +1 (713)
375-3535 communication@slb.com
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