Sustainable Supply Chain

Sustainability

Our vision is to drive energy innovation for a balanced planet.

We are committed to operating ethically and in an environmentally, economically, and socially responsible manner. This commitment is fully articulated in the SLB Code of Conduct.

In addition, SLB is committed to conducting business in a manner that preserves and respects human dignity. These commitments are fully articulated in our Human Rights Position Statement. We seek to apply these commitments across all SLB business activities and supply chain, including suppliers, contractors, and labor agents.

To ensure the respect of human rights and the progression of sustainable development, SLB has aligned its Sustainability program with the United Nations (UN) Sustainable Development Goals (SDGs). SLB takes consideration in sourcing decisions of the positive and negative impacts we can have on a range of issues covered by the SDGs.

To find out more about our Sustainability program, go to slb.com/sustainability.

Working conditions requirements

SLB is committed to conducting business in a manner that preserves and respects human dignity, as outlined in our Human Rights Position Statement.

We prohibit any use or contracting, directly or indirectly, of child labor, forced labor, human trafficking, or any form of slavery.

Our Working Conditions Requirements provide a common baseline for the expected treatment of all workers. It sets out nine principles to assist our operations and suppliers in reviewing their performance in human rights in the workplace.

All SLB suppliers must respect and comply with our Working Conditions Requirements in order to establish or continue business with us.

Climate action

SLB is committed to achieve net-zero greenhouse gas emissions by 2050. This goal is inclusive of all three scopes of emissions.

We identified three key components to achieve this ambition: (1) reducing operational emissions, (2) reducing customer emissions that occur while using our technology, and (3) taking carbon negative actions of sufficient scale to offset residual and operational emissions. Our 2050 target is supported by a comprehensive near-term road map with the following interim milestones:

• By 2025, a 30% carbon emissions reduction in Scope 1 and Scope 2. A portion of the 2020 short-term cash incentive compensation opportunity for our CEO and other members of our senior management was based on achieving an annual internal emissions reduction objective as part of this 2025 goal.
• By 2030, a 50% reduction in Scope 1 and Scope 2 emissions.
• By 2030, a 30% reduction in Scope 3 emissions.

Supplier disclosure is a first step in understanding our suppliers’ maturity on our carbon reduction journey to net zero and to help us better manage the environmental footprint of our supply chain while encouraging suppliers on their own journey toward a low-carbon economy. We are working with our suppliers to improve performance associated with greenhouse gas emissions reductions using a third-party disclosure process.

In 2021, we received an A-supplier engagement rating from CDP, a not-for-profit organization that assesses corporate climate emissions disclosures and issues reports that are used by investors, companies, cities, states, and others as they work to protect the environment.