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
- 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
- Our net-zero target is inclusive of total Scope 3 emissions; this is a 1st in the energy services industry
- 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
To quantify the impact of these technologies, Schlumberger has developed a framework that enables standardization of measurement, benchmarking through net-footprint comparisons, and better-informed technology selection during planning.
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.
