Feature Story

Driving Environmental and Social Sustainability

Learn about our sustainability priorities in the latest Global Stewardship Report

We operate in one of the most complex, dynamic, and challenging industries in the world—and, with this, comes responsibility to define and drive high performance, sustainably.

Sustainability has played a key role within Schlumberger for decades and our journey has evolved into what we call Global Stewardship, which encompasses our approach to environmental, social, and governance. However, sustainability involves more than recycling efforts and diversifying to low-carbon offerings. It is also demonstrated in our ongoing focus on keeping our people safe, having a diverse workforce, working ethically, managing risks, addressing climate change, and delivering on country-specific priorities to create value for our customers, our communities, and our business.

“Schlumberger is committed to being at the forefront of our industry’s shift toward more sustainable energy production—challenging not only ourselves, but also our customers, suppliers, and peers to partner on delivering measurable social and environmental progress,” says CEO Olivier Le Peuch.

Our support of the UN Sustainable Development Goals

Since their introduction in 2015, the United Nations (UN) Sustainable Development Goals (SDGs) have served as a framework for how Schlumberger brings local relevance to our corporate programs. In support of the UN SDGs, our local leadership teams prioritize the environmental and social initiatives on which they can achieve the greatest positive impact in their geography, contributing to local communities and the overall impact we can make as a company.

Highlights from our Global Stewardship Report

In our latest Global Stewardship Report, we share detailed data based on our social and environment performance and highlight the significant accomplishments that support our sustainability initiatives.

• Last December, we became the first company in upstream E&P services to commit to setting a science-based target to reduce our greenhouse gas emissions.
• We have set an interim goal to reduce our fuel and power consumption by 30% by 2025 resulting in initiatives focused on fuel efficiency and the installation of LEDs, solar panels, and optimized HVAC systems at key facilities.
• We have expanded our climate assessment project to review climate-related risks and opportunities of key countries where we operate that, combined, represent more than 50% of our revenue. For example, identifying the risks of coastal flooding in one country led us to implementing a global sea-level rise assessment on our all of our facilities to evaluate and address risk.
• By aligning with our customers’ key environmental priorities, our technical experts are able to offer a technology portfolio to help reduce their environmental footprint. Currently we have over 100 technologies that help reduce CO2 emissions, decrease waste, better manage water, use cleaner chemistry, and increase decarbonization elements in the E&P process. In early 2020, we also announced the formation of the Schlumberger New Energy business. This business allows us to expand beyond oil and gas and participate in the low-carbon economy with a focus on energy efficiency, energy storage, and renewable energy production.
• We continue to emphasize the importance of safety—at work, at home, and on the roads in between. By sharing best practices and remaining steadfast in our commitment to health and safety throughout 2019 resulted in our lowest total recordable injury frequency and automotive accident rate ever recorded.
• To empower the communities where we live and work to thrive, we invest in the people and economic development such as through science, technology, engineering, and mathematics (STEM) and HSE education initiatives. In 2019, our STEM activities reached more than 112,000 young children with the help of over 1,300 volunteers.
• Gender balance has been a focal point for Schlumberger since the 1970s. Today, our goal is to reach an exempt workforce comprised of 25% women by 2025.
• Our cross-functional Human Rights working group regularly assesses risks that may arise in our workplace, supply chain, and communities. We strive to ensure the preservation and respect of human dignity in accordance to our own standards, our Human Rights position statement, and many international standards.

We are committed to responsible stewardship and making a positive difference in the communities where live and work. Technology has and always will be at the heart of our business. And it’s this innovation that will be a key enabler in managing risk, reducing pollution, water and natural resource consumption, and lowering greenhouse gas emissions, while Schlumberger New Energy will enable us to explore new business opportunities in low carbon or carbon-neutral energy technologies. View the Global Stewardship Report to discover more.