HOUSTON and LONDON – Nov. 25, 2019 – Baker Hughes (NYSE: BKR) announced today it has become a participant of the UN’s Global Compact initiative – a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. Baker Hughes takes a leadership position in its sector by making this commitment.
In joining the UN Global Compact, Baker Hughes commits to supporting and reporting its progress toward the Ten Principles of the United Nations Global Compact on human rights, labor, environment and anti-corruption, as well as their 17 Sustainable Development Goals.
“At Baker Hughes, we believe that the energy industry has an important role to play in addressing the world’s greatest challenges,” Lorenzo Simonelli, chairman, president and CEO, said. “We are committed to doing our part to stand in collaboration with leading global companies, organizations and governments to progress shared goals for people and the planet.”
As an energy technology company, Baker Hughes has committed to a variety of leadership programs focused on advancing corporate responsibility across the scope and scale of its global operations and supply chain. This includes commitments to ethical business practices, universal human rights and environmental stewardship, as described in our 2018 Corporate Responsibility Report.
For example, in the area of environment, the company has publicly committed to reducing its carbon equivalent emissions 50 percent by 2030 and to achieving net-zero emissions by 2050, in line with the Paris Climate Agreement. The company already has reduced its carbon equivalent emissions by 34 percent since 2012 and is investing in and deploying technology to help its energy and industrial customers reduce their emissions from flaring, venting, fugitive emissions and combustion.
Learn more about Baker Hughes’ broader corporate responsibility commitments as part of its people, planet and principles framework here.
About Baker Hughes
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at www.bakerhughes.com.
About UN Global Compact
As a special initiative of the UN Secretary-General, the United Nations Global Compact works with companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment and anti-corruption. Launched in 2000, the UN Global Compact guides and supports the global business community in advancing UN goals and values through responsible corporate practices. With more than 9,500 companies and 3,000 non-business signatories based in over 160 countries, and more than 60 Local Networks, it is the largest corporate sustainability initiative in the world. For more information, follow @globalcompact on social media and visit our website at www.unglobalcompact.org.