Energizing sustainable change

Spotlight on Progress
Employees donated 320
million steps and raised
120,000 RMB in Beijing, China

Project teamBusiness needBaker Hughes China

Baker Hughes China’s commitment to corporate
citizenship shines through in our 2023 volunteer
campaign. Five impactful volunteer events took
place in 2023, with a special emphasis on ourcollaboration with Beijing Daxing Hope School.

ImpactOne of the five events took place on World EarthDay, where Baker Hughes China launched thesecond “Walk for Love” online walk donation
campaign, rallying employees to contribute steps
towards building new toilets for the Beijing Daxing
Hope School. The school serves migrant children
in Beijing.
In 66 days, 907 employees from 17 teams
spanning locations from China and Malaysia
donated 320 million steps, covering 200,000
kilometers and successfully raising 120,000 RMB(~$17,000 USD). The team recorded 6,200
volunteer hours, the highest number of hours
logged globally for one campaign.

Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome
YOY increase in employee
volunteer hours

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress

Bringing DEI to the forefront witha dedicated week of events
Business need

Spending dedicated time to focus on DEI priorities
gives employees the opportunity to drive an
inclusive culture.

Project team
OFSE DEI Ambassadors

ImpactEmployees in the Europe, North Sea and Caspian
region highlighted our efforts as part of a
dedicated Diversity, Equity and Inclusion (DEI) week.
A series of virtual and in-person events wereorganized by volunteers throughout the region,
including:• Acustomer panel session featuring
representatives from Equinor, Total Energies andShell discussing how they are driving DEI in theirown organizations• In-region ERGs hosted several sessions focusedon prominent issues including inclusive
leadership, supplier diversity and mental healthStrategic outcome
Achieve top quartile inclusionindex rating annually

Supporting the UN’s
Sustainable Development
Goals (SDGs)• People leader training on supporting newparents returning to the workplace from The
Parenting Tribe employee group
With over 900 virtual attendees participating in the
opening event, the week promoted the region’s
initiatives, providing information on how tovolunteer and creating thought-provoking
conversations
the many
aspects
Copyright 2024 Bakerabout
Hughes Company.
All rights
reserved. of DEI.

May 2024

Energizing sustainable change

Spotlight on Progress

Building leadership capabilities
inside our OFSE businessBusiness need
People leadership skills are a critical enabler ofbusiness success. Investing in the professional
development of leadership skills equips people
leaders to make better informed decisions.
ImpactSeeing the desire from employees to provide
tailored leadership development, the OFSE
talent team revitalized a leadership academy
to build skills in leadership, financials, strategic
thinking, emotional intelligence and project
management.
In 2023, approximately 1,570 employees
received over 45,000 hours of face-to-facetraining in seven different regions enabling
critical skill development.

Copyright 2024 Baker Hughes Company. All rights reserved.

Project team
OFSE HR - Training
and Competency teamStrategic outcome
Best-in-class talentmanagement andacquisition best practices

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Connecting employees tobenefits information online
Business need
We needed to provide our employees withreadily available access to a centralized
platform for streamlined benefits transactions
and that ensures transparency, clarity and auser-friendly experience

ImpactWe implemented our digital benefits platform foran additional 4,800 employees across sevencountries (Hungary, Malaysia, UAE, Oman, Qatar,
Kuwait and Bahrain). This was an expansion on
our existing solutions in United States, Canada
and the United Kingdom.
As a result, approximately 40% of our employees
globally now have digitally-enabled benefits
communication and delivery making it easier toaccess their benefits information on demand.

Copyright 2024 Baker Hughes Company. All rights reserved.

Project team
Total Rewards teamStrategic outcome
Best-in-class talentmanagement and acquisition
practices

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Launched CORE Strengths
Sustainability learning path
Business need

Learning requires continuous effort andengagement. To fully embed sustainability, we
needed a learning path to enable truedevelopment.

ImpactIn October 2023, we launched the Sustainability
learning path to give employees access toadditional curated content to develop theirsustainability capabilities. This learning path isbased on a three-prong approach of employees
learning, engaging and applying their knowledge
through an activity of their choosing, such asleading a team discussion or delivering a project.
When an employee successfully completes thelearning path requirements, they are awarded avirtual badge that can be shared externally on
LinkedIn in recognition of their effort.
This learning path content is continuously being
refreshed and allows employees an opportunity forspecially curated online learning sessions onsustainability, deep dives with sustainability experts
on topics, discussion with peers and to apply what
they learn.
Copyright 2024 Baker Hughes Company. All rights reserved.

Project teamSustainability team andEnterprise Talent & Learning

Strategic outcome
Company-wide plan aimed atdriving habits of sustainability

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 4.7: By 2030,
ensure that all learners acquire theknowledge and skills needed to promotesustainable development, including,among others, through education forsustainable development andsustainable lifestyles, human rights,
gender equality, promotion of a cultureof peace and non-violence, global
citizenship and appreciation of cultural
diversity and of culture’s contribution tosustainable development

May 2024

Energizing sustainable change

Spotlight on Progress
Deploying our Global Parental
Leave policy
Business need

Project teamWorking across several geographies requires us totake into consideration many aspects of our total
reward strategies. Not all countries we operate inoffer fully paid time off for new parents. Ourcommitment to offering inclusive time off policies
led us to the decision to establish a global parental
leave policy paid at full base pay regardless ofgender identity in 2022.

Total Rewards team

ImpactWe approved a minimum parental leave of 18 weeks
for a primary parent and two weeks for a secondary
parent at full base pay in all countries where wehave employees in 2022. In 2023 we began thephased implementation of our Global Parental
Leave policy and the systems to enable thosepolicies. As of the end of 2023, we had completed
implementation in 42 countries, providing new
coverage to more than 50% of employees. These
expanded global coverage and leave benefits
improved protections and ease of utilization for our
employees at a pivotal moment in their lives.

Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome
Increase women and people ofcolor representation; retention
parity of under-represented
groupsSupporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 3.1: By 2030,
reduce the global maternal mortality ratio
to less than 70 per 100,000 live births.
In support of UN SDG target 5.c: Adopt andstrengthen sound policies andenforceable legislation for the promotionof gender equality and the empowermentof all women and girls at all levels.

May 2024

Energizing sustainable change

Spotlight on Progress
Volunteers fundraise anddonate desks and chairs forschools in Nigeria
Business need

During an outreach visit, a Baker Hughes teamobserved that pupils were sitting on the bare floor
to learn in their classroom. Given the importance ofconducive learning environments on goodeducation and our belief to support communities,
we took action.

Impact
The employee team organized a charity golf
tournament with over 50 golfers from the Bonny
Island neighborhood. Proceeds were used topurchase 100 classroom desks and chairs for two
community elementary schools in Bonny Island,
Nigeria. Exemplifying care, we also prioritize thehealth and well-being of our people in thecommunities where we live and operate.

Copyright 2024 Baker Hughes Company. All rights reserved.

Project teamBaker Hughes Foundation andemployee volunteers

Strategic outcome
YOY increase in employee
volunteer hours

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 4.a: Buildand upgrade education facilities thatare child, disability and gendersensitive and provide safe, nonviolent, inclusive and effective
learning environments for all.

May 2024

Energizing sustainable change

Spotlight on Progress
Donations to employeenominated charities
Business needWe engage employees to help identify the causes
most impactful to their local communities.

Impact
The Baker Hughes Foundation teamed up with oureight ERGs again to identify which nonprofit
organizations (NPOs) would be the recipients of$750,000. While this is the third consecutive year the
ERGs have nominated NPOs, this year represents a~275% increase in the amount that was given to
nominated charities.
ERGs have built strong partnerships with many
nonprofits across the globe to drive social change
for some of the world’s toughest challenges.
Collectively, these grants will support an array ofcauses in North America, Europe, Asia-Pacific, Middle
East, United Kingdom and sub-Saharan Africa.

Project teamBaker Hughes Foundation

Strategic outcome
Invest to support global
communities

Supporting the UN’s
Sustainable Development
Goals (SDGs)

ERGs are one of the many ways we are able tocultivate an inclusive culture and address thediverse needs within communities. Read more here.

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on ProgressEmpowering employees togrow their careers
Business need
We want to help employees take ownership of theirown career development.

Project team
OFSE HR - Talent Management
team

Strategic outcome
ImpactIdentifying the need to help employees takeownership of their career development while giving
them the tools to achieve their unique career goals,
the talent leaders in the OFSE business developed aframework that empowers employees to focus on
growing their careers through five critical steps.
Throughout the year, employees can participate in
information sessions about career development,
learn about resources for career paths andleverage additional resources discussed inconnection to the framework.

Best-in-class talentmanagement and acquisition
best practices

Supporting the UN’s
Sustainable Development
Goals (SDGs)

Started in 2019 in the OFSE business, this careerdevelopment framework has since been leveraged
across multiple functions and teams within Baker
Hughes.

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Engaging employees throughsustainability speaker series
Business needWe utilize our existing stakeholder partnerships tobring relevant insights directly to employees. By
doing so, employees can identify ways to make an
impact in their roles.

Project teamSustainability teamStrategic outcome
Impact
The Let’s Talk Sustainability speaker series provides
insights and enhances knowledge sharing bypresenting a diverse offering of content frominternal and external subject matter experts.
Of the four sessions hosted in 2023, three were withexternal speakers and had employees from all over
the world joining these sessions. Our customers,
partners and other stakeholders covered key topics
affecting Baker Hughes including Just Transition,
carbon border adjustment mechanisms and more.

Company-wide plan aimed atdriving habits of sustainability

Supporting the UN’s
Sustainable Development
Goals (SDGs)
Not Applicable

The series presents an opportunity for employees
to engage with global thought leaders and gain
valuable insights into current sustainability topics,
issues and trends shaping the future of energy.

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Expanding our Supplier
Diversity Champions baseBusiness need

Project team

We promote and encourage the utilization ofqualified diverse suppliers and small businesses.
This increases competition in the supplier base andultimately enables innovation and competitive
advantage.

Supplier Diversity Team

Strategic outcome
ImpactOur Supplier Diversity Program hosted three
Supplier Diversity Days to spread awareness,engage with employees and educate them on thesteps we have embedded within our supply chain
process to identify the use of diverse suppliers andsmall businesses.
This knowledge empowers employees to be
champions for our Supplier Diversity Program andpromote utilization of these suppliers. These
champions often participate at supplier diversity
events that enable us to further expand our diverse
supplier partners, act as key information partners
and promote our culture of inclusion.

Copyright 2024 Baker Hughes Company. All rights reserved.

Track spend with diverse
suppliers

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Grants to support supplier
diversity around the world
Business need

Project team

We are committed to becoming an industry leader
with a diverse and inclusive supply chain thatcreates value for our customers and is reflective of
the communities in which we operate. Ensuring adiverse supply chain results in more resilient
communities and stronger business solutions.

Baker Hughes Enterprise
Excellence Team and Baker
Hughes Foundation

ImpactTrack spend with diverse
suppliers; track spend tosupport global communities

In partnership with the Baker Hughes Foundation,
we announced two grants focused on supplier
diversity: a $75,000 grant to Houston Minority
Supplier Development Council (HMSDC) and a$100,000 grant to WEConnect International.
The HMSCD grant will support the implementationof a training program to help entrepreneurs in the
Houston area build the skills necessary to growtheir business so companies like Baker Hughes areaware of them and use them as suppliers.

Strategic outcome

Supporting the UN’s
Sustainable Development
Goals (SDGs)

WEConnect International is a global network thatconnects women-owned businesses to companies
like Baker Hughes and other qualified buyers
around the world. The grant will help them expand
their reach and grow their network of womenowned businesses.
Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Hiring in an inclusive way
Business need

Project teamIn 2019 the IET Talent Acquisition team identified agap that neurodiverse talent had unmet needs inthe hiring process while roles were going unfilled.

IET Talent Acquisition Team

Impact

In partnership with Potentia (in North America) andSpecialisterne (in Italy), we launched an autistic
designed and led program, intentionally focused on
hiring neurodiverse talent using a strengths-based
approach. The program has expanded globally withthe central goal of hiring neurodiverse talent andproviding holistic support across those teams. In
2023, we have trained hiring managers on bestpractices to be more inclusive and effective at hiring
neurodiverse individuals. In addition, in North
America, we developed guidelines that support
hiring managers, buddies, mentors and extended
teams in the hiring process, while supporting newteam members for a strong onboarding experience.
In Italy, we have successfully placed the first
employee with Down syndrome into a program
cohort. These efforts show that, by leading with astrengths-based approach and the right support,
we enable critical business roles to be filled withskilled and diverse talent of all neurotypes.
Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome
Best-in-class talentmanagement and acquisition
best practices

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 10.2: By 2030,
empower and promote the social,economic and political inclusion of all,irrespective of age, sex, disability, race,
ethnicity, origin, religion or economic orother status.

May 2024

Energizing sustainable change

Spotlight on Progress
Developing the skills to lead
inclusively
Business need

Project team

Giving employees the skills to lead inclusively
requires continuous, active learning at alllevels of the organization.

DEI and Learning andDevelopment Teams

Strategic outcome
Impact
In partnership with our Learning andDevelopment team, the Diversity, Equity, andInclusion (DEI) team launched three newcourses on Leading Inclusively, CulturalIntelligence and Unconscious Bias. They
conducted 32 sessions globally to equip
employees with the tools that are essential
for an inclusive culture. Inclusive leadershipshapes the employee experience andworkplace culture, creates spaces where
employees can bring their authentic selves
to work, encourages voicing opinions, invites
different perspectives and supports wellbeing.

Copyright 2024 Baker Hughes Company. All rights reserved.

Achieve top quartile inclusionindex rating annually

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Improving our candidate
experience in India
Business need
Attracting diverse digital expertise in India wasan important differentiator against acompetitive landscape.

Project teamBaker Hughes TalentAcquisition Team

Strategic outcome
ImpactIn India, we hosted a session for 15 womencandidates alongside eight women leadersand senior engineers of Baker Hughes. Thissession focused on helping the candidates
network with each other and the womenleaders at Baker Hughes, while getting to know
the Company.
As a result of the engagement and bestpractices, we saw significant improvement in
the candidate experience and a higher offer
acceptance rate.

Copyright 2024 Baker Hughes Company. All rights reserved.

Increase women and peopleof color representation

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 10.2: By
2030, empower and promote thesocial, economic and politicalinclusion of all, irrespective of age, sex,
disability, race, ethnicity, origin,religion or economic or other status.

May 2024

Energizing sustainable change

Spotlight on Progress

Introducing The Parenting Tribe,a new employee group
Business need

Project teamWorking parents face unique situations while trying
to navigate work-life balance, mental well-being
and other challenges. Employee communities
bring together colleagues to share information,ideas and experiences while providing a sense ofconnection and community.

The Parenting Tribe – Employee
community of interest

ImpactAchieve top quartile inclusionindex rating annually

In 2023, we launched The Parenting Tribe, acommunity of working parents who want tosupport each other. The group hosts monthly
sessions, allowing members to engage on parentrelated topics and share local resources.
The mission of The Parenting Tribe is to ensure noparent feels alone as they navigate work-lifebalance within Baker Hughes. These employee
groups further our commitment to an inclusive
workplace and ensure all employees have acommunity.

Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Investing in a new training
facility in Italy
Business needWe aim to provide a top-tier learning experience thatis sustainable, accessible and inclusive to all internaland external stakeholders participating in ourlearning programs.

Project teamIET Gas Technology Services

ImpactWe invested in the latest equipment and tools alignedwith our strategic focus on emerging technologies,
sustainability and inclusion. Our new training facility isnearly 100% self-sustaining from an energy perspective,
leveraging photovoltaic panels, heat pumps and smart
lighting systems. Through a “Design for All” approach, we
collaborated with four associations representing diverse
abilities ensuring an accessible and inclusive campus,
implementing gender-neutral restrooms to highcontrast signage and tactile pavements.
The facility will house an All-Inclusive Room designed toprovide an immersive DEI experience across multiple
dimensions. Our goals are to:Strategic outcome
Best-in-class talentmanagement and acquisition
best practices; achieve top
quartile inclusion index rating
annually

Supporting the UN’s
Sustainable Development
Goals (SDGs)• Provide 850+ field service engineers (FSEs) with career
paths, thus enhancing talent attraction and retention.
• Expand training to include scenario planning andproject management and other soft skills.
• Extend structured technical training to other roles(project managers, sales and commercial operations)as they serve new energy transition technologies.
Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on ProgressFunding one million trees to beplanted in support of global
reforestation

Project teamBusiness needBaker Hughes Foundation

We partner with non-profits to advanceenvironmental quality outcomes, such assupporting global reforestation and promoting
biodiversity efforts globally.

ImpactBy issuing our third grant to One Tree Planted, it
enabled the non-profit organization to achieve a
total of one million trees planted across 17
countries from the Foundation’s contributions. In
2021, the grant helped plant 268,000 trees; in 2022,
350,000 trees were planted.
The 2023 award will promote global reforestation
efforts, in the amount of 382,000 trees, in several
areas where Baker Hughes conducts business: theAndes region of South America, British Columbia in
Canada, China, France, Germany, Scotland, Texas
in United States and Italy. Read more here.

Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome
Invest to support global
communities

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Turning plastic waste into
funding for cancer patients in
Ciudad del Carmen, Mexico
Business need

Project teamBaker Hughes volunteers

Local employees organized a local beach cleanup,
where volunteers prevented debris from reaching
oceans and aquatic ecosystems.

Strategic outcome
Impact
The volunteering activity was part of an initiative
organized by our Talent Acquisition team with 59
students from local universities. An additional 22
Baker Hughes interns volunteered for this initiative,
mobilizing a total of 78 people for this cleanup.
They collected 32 kilos of waste from a local beachand separated the plastic to be donated to a localorganization, Fundación AYABS, who then sells theplastics and donate the proceeds to their Cancer
Patients Fund.

YOY increase in employee
volunteer hours

Supporting the UN’s
Sustainable Development
Goals (SDGs)

This event not only helped clean up a local beachbut transformed the waste into support forchildhood cancer research.

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Recruiting women inengineering
Business need
We needed to identify key skills to fill hiring plans
while encouraging more diversity in a
predominately male field.

Project teamBaker Hughes TalentAcquisition Team

Strategic outcome
Impact
The Baker Hughes Talent Acquisition team held
women-only hiring campaigns for mechanicaldesign engineers in India and field engineers in the
United States. These hiring events enabled us totarget specialized skill sets and focus on increasing
women representation, one of our strategic
outcomes. At our women-only candidate events,
candidates could learn more about Baker Hughes
as a company and our career opportunities. These
events showcased our focus on diversity, inclusionand equity in our opportunities.

Increase women representation;
best-in-class talentmanagement and acquisition
best practices

Supporting the UN’s
Sustainable Development
Goals (SDGs)

As a result of these campaigns, five womenmechanical design engineers were hired in Indiaand 21 women field engineers in the United States
were made offers with a 75% acceptance rate.

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress

Removing talent mobility barriersBusiness need

Project team

We needed to fill open roles and create
opportunities that promote careerdevelopment opportunities for employees.

OFSE and IET HR - TalentManagement Teams

Strategic outcome
ImpactTo address and fill changing roles in our Oilfield
Service and Equipment and Industrial Energy
Technology segments, the talent leaders
identified an opportunity to better align the open
roles and employees that could benefit from arotation.
In 2023, both OFSE and IET began a talentexchange council to share information aboutdevelopment opportunities and available orpotential open roles. By intentionally matching
this information, it encouraged cross-businessand cross-functional moves, promoting internaltalent sharing and removing barriers for internalrole mobility.

Copyright 2024 Baker Hughes Company. All rights reserved.

Best-in-class talentmanagement and acquisition
best practices

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Accelerating change - 2023
Earth Day Challenge
Business need

Our annual Earth Day Challenge demonstrates how
we can collectively have a large impact on theplanet, no matter how small our individual or
team’s actions are.

ImpactWith over 80+ submitted Earth Day events, morethan 1,000+ employees from around the globe
came together to celebrate Earth Day throughout
the month of April showing how Baker Hughes
employees and teams are being sustainable. The
2023 annual event proved to be the biggest
sustainability-focused event yet bringing
together participation from all eight employee
resource groups.

Project team
Renew Community of Interest

Strategic outcome
Company-wide plan aimed atdriving habits of sustainability

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In recognition of their commitment to operating
sustainably and for exemplifying our Company
values, employees were awarded volunteer
recognition grants by the Baker HughesFoundation, which they can use to donate to aneligible charity of their choice.

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Baker Hughes proudly joins theTent Coalition for Refugees
Business needWe seek to attract prospective talent from diverse
backgrounds based on our differentiating
capabilities for a competitive talent advantage.

ImpactBaker Hughes became a formal member of the Tent
Partnership for Refugees (“Tent”) in September 2023.
Tent is a non-profit organization that mobilizes
businesses to connect refugees to work throughhiring, training and mentorship. The coalition ismade up of more than 350 companies committed
to integrating and supporting refugees. Our
membership marks our commitment to inclusive
employment practices and aligns closely with ourcore values.

Project teamNorth America TalentAcquisition Team

Strategic outcome
Retention parity acrossunderrepresented groups;
Best-in-class talentmanagement and acquisition

Supporting the UN’s
Sustainable Development
Goals (SDGs)

As part of our refugee hiring program, we haveplaced several talented individuals in roles across
our organization in the United States and Canada in
2023. Because of Tent’s international reach we havebeen able to further our refugee hiring strategy andare committed to expanding the program to othercountries.
Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress

Investing ~$50 million in Unity
Bank, Texas’ sole Blackowned banking institution
Business needWe aim to enable and support diverse suppliers
through purchases and community support.

Project teamDiversity, Equity and Inclusion(DEI), Treasury and Supplier
Diversity Teams

Strategic outcome
ImpactIn 2023, Baker Hughes announced an approximately$50 million investment in support of Minority
Depository Institutions to help promote the growth ofBlack-, Hispanic- and Latino-owned small businesses.
With our corporate headquarters in Houston, Texas,
we are proud to support Unity National Bank of
Houston, the only Black-owned banking institution in
Texas as part of our commitment to increase supplier
diversity and create lasting and sustainable change.
This investment will enable Unity Bank to increase its
offerings and drive meaningful impact within thecommunities it serves. Read more here.

Copyright 2024 Baker Hughes Company. All rights reserved.

Track spend with diverse
suppliers

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Biodiversity risk assessments
Business need

Project team

We have an obligation to limit the impact that
our operations have on the wildlife andbiodiversity around them. To accomplish this,we require assessments of all of our sites andprocesses to limit exposure to at-risk sites

Health, Safety andEnvironment teams

Strategic outcome
ImpactIn 2023, we started developing acomprehensive risk assessment program
based on our current annual biodiversity
survey. It will serve as the backbone formeasuring the level of biodiversity andenvironmental risk at each of our locations.
Laying the groundwork and defining thesereporting parameters prepares the sites withthe knowledge to assess and understand therequirements for upcoming biodiversity
regulations accurately.

Assess 100% of sites forbiodiversity risk by 2030 and
implement risk management
programs for high-risk sites
Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 15.4

Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Spotlight on ProgressBlue Marlin ‘rides the waves’in Brazil
Business need
Dynamic positioning is a method by which a vessel
remains stationary in the ocean without physicallyattaching itself to the oil rig or dropping anchor.
Although this method provides more flexibility andefficiency in operations, it burns more fuel.
In our Pressure Pumping business, there is a highreliance on diesel to fuel the marine vessels utilized
for operations. This high reliance on diesel
heightened the need to improve the efficiency of ourfuel usage related to marine vessels. Combined, ourmarine vessels produced ~26,275 MT CO2e in 2023.

ImpactIn Brazil, our assembly, maintenance and overhaul
team led a project to decrease our emissions on
our Blue Marlin vessel utilizing variable frequency.
Variable frequency is a new technology designed
to maximize fuel efficiency during dynamic position
operations by rotating the propeller at a slower,
variable rate, thereby burning less fuel.
The upgrade provided significant fuel savings andemissions reduction, leading to an approximately
30% reduction in fuel consumption andapproximately 14% emissions reduction when thevessel was stationary to the rig.
Copyright 2024 Baker Hughes Company. All rights reserved.

Project teamCarbon Out - OFSE

Strategic outcome
Reduce scope 1 and 2 greenhousegas emissions by 50% by 2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 9.4: upgrade
infrastructure and retrofit industries tomake them sustainable, with increased
resource-use efficiency and greater
adoption of clean and environmentallysound technologies. Through our Carbon
Out program, we have implemented newtechnology designed to maximize the fuelefficiency during vessel dynamic position
operations.

May 2024

Energizing sustainable change

Spotlight on Progress

Circularity through additive
manufacturing
Business needAt Baker Hughes, contributing to a circular economy
means producing in a sustainable way from the earlystages of product development through projectcompletion or material disposal. We identified thatmany older or obsolete parts could have their service
life extended or features enhanced through additive
manufacturing. We evaluate environmental
requirements in our additive products and processes
and eco-design principles are applied from the
beginning of development through a comprehensive
approach to predict lifecycle impact.

Impact
We utilize additive manufacturing to reduce material
consumption and shipping distances, improving theoverall efficiency of production and the supply-chain
process. Moreover, additive manufacturing gives us
the possibility to extend the life of obsolete products
and even to upgrade old products’ features. A casestudy performed on a first stage gas turbine nozzle
resulted in a ~26% reduction of energy consumption
and a ~42% reduction in raw materials. This not only
resulted in a decrease of waste to landfill, but it also
improved efficiency and reduced scope 3 category 5
waste generated in operations.
Copyright 2024 Baker Hughes Company. All rights reserved.

Project team
Additive Manufacturing teamStrategic outcome
Reduce waste to landfill by2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 12.5: By 2023,
substantially reduce waste generation
through prevention, reduction, recycling
and reuse. We are committed to reducing
our volume of waste, by using resources
wisely, increasing the recycling ofmaterials within our business andreducing waste going to landfills.

May 2024

Spotlight on Progress
Diesel fuel transformation toelectrical grid - Saudi Arabia

Business need

Project team

A Baker Hughes manufacturing facility inDammam, Saudi Arabia was utilizing three
diesel-powered generators to power site
operations.

Carbon Out- OFSE

Strategic outcome
ImpactA new high voltage electrical system wasinstalled at our Dammam site in Saudi Arabia
and connected to the electrical grid. The
facility required a power supply of
approximately 3,300 MWhs, which werepreviously provided by generators consuming
approximately 365,000 gallons of diesel fuel.
Since making the switch, this power is now
supplied by the electrical grid providing asignificant emissions reduction for the facility
as well as operational cost savings.

Copyright 2024 Baker Hughes Company. All rights reserved.

Reduce scope 1 and 2
greenhouse gas emissions by
50% by 2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 13.2: Integrate
climate change measures into policy andplanning, we have implemented projects
at various sites through our Carbon Out
program, thereby improving our energy
efficiency and reducing our emissions.

May 2024

Spotlight on Progress
Providing an employee shuttle
service in Italy
Business need

Project team

Italy is home to one of our largest centers ofoperations globally. Approximately 6,000 of ouremployees commute regularly between our sites in
Avenza, Massa and Florence in Tuscany.

Carbon Out - IET

The round-trip distance of these commutes isapproximately 150 miles, an emissions impact thatcompounds significantly when multiplied by thelarge employee base.

Strategic outcome
Reduce scope 1 and 2
greenhouse gas emissions by
50% by 2030

ImpactIn September 2023, we began operating a shuttle
service for our employees with professional drivers
to transport employees more efficiently at theselocations. The shuttle operates three times per day
Monday through Thursday and twice on Friday.
Since the inception, there have been 1,000+
reservations made in the first 90+ days ofoperation. This service furthers our emissions
reduction goals by consolidating emissions
produced by daily commutes and elevates
employee well-being by providing an efficient andcomfortable option to safely return home fromwork each day.
Copyright 2024 Baker Hughes Company. All rights reserved.

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 13.2:
Integrate climate change measures
into policy and planning, we have
implemented projects at various sites
through our Carbon Out program,
thereby improving our energy
efficiency and reducing our emissions.
May 2024

Spotlight on Progress
Energy conservation at United
Arab Emirates (UAE) facilities
Business need

Project teamTraining our employees in the processes ofemission reduction is a huge part of our Carbon
Out program. Our UAE HSE team and the real estate
facilities team actively conducted Carbon Out
training for UAE HSE and facility team members,
empowering them to identify opportunities toeliminate energy waste.

Carbon Out - OFSE

ImpactOne opportunity identified through this training wasemissions reductions through minimization ofcompressed air leaks. A team in Dubai
implemented a system to detect compressed airleaks and optimize compressors, reducing energy
consumption. The knowledge and best practices
have been shared across the region to further
expand our energy reduction efforts.

Strategic outcome
Reduce scope 1 and 2
greenhouse gas emissions by
50% by 2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 13.2:
Integrate climate change measures
into policy and planning, we have
implemented projects at various sites
through our Carbon Out program,
thereby improving our energy
efficiency and reducing our emissions.
Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Spotlight on Progress
Partnering for a renewable
future with Shell Energy Italia

Business need
In 2023, we continued our transition away from gridelectricity powered by fossil fuels to renewable andnon-emissive energy, where possible. We work
across all regions, prioritizing sites based on theimpact of renewable sourcing and the costeffectiveness of the projects that are part of our2030 roadmap.

ImpactIn September 2023, Baker Hughes announced a
new agreement with Shell Energy Italia — an eightyear power purchase agreement to supply sevenof Baker Hughes’ Italian facilities with renewableenergy. This energy is sourced from Shell’s solar
photovoltaic farm currently under construction in
the Apulia region in southern Italy.

Project teamCarbon Out - IET

Strategic outcome
Reduce scope 1 and 2
greenhouse gas emissions
by 50% by 2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 13.2:
Integrate climate change measures
into policy and planning, we have
implemented projects at various sites
through our Carbon Out program,
thereby improving our energy
efficiency and reducing our emissions.
Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Reducing spills at our sites
Business need

Project team

There is a need to reduce the number and volumeof spills at our sites and operations to protect thehealth and safety of our employees, communities
and the environment through routine inspections
and maintenance.

Health, Safety and Environment
teams

Strategic outcome
Reducing spills at our sites by2035

ImpactIn 2023, we inspected ~98% of the tanks at our sites
and took action to repair all deficiencies found. We
also performed preventative maintenance where
necessary. These routine inspections serve a vitalrole as they protect our employees, sites andcommunities from possible water contaminationand the release of hazardous substances. Throughdiligence in our commitment to inspect and repair
tanks, we have seen a reduction in significant spillsof 35.3% from 2022.

Copyright 2024 Baker Hughes Company. All rights reserved.

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 6.3: By 2023,
improve water quality by reducing
pollution, eliminating dumping andminimizing release of hazardous
chemicals and materials, halving the
proportion of untreated wastewater andsubstantially increasing recycling andsafe reuse globally. Through our tankinspections and spill prevention andreporting processes we aim improvewater quality and reduce pollution.

May 2024

Spotlight on Progress
Reduction of Natural Gas for
Heating - Argentina

Business need

Project team

A Baker Hughes site at Comodoro Rivadavia in
Argentina was using high volumes of natural gas
to heat the facility due to the poor state of the
facility roof, liners and doors.

Carbon Out - OFSE

ImpactThe OFSE assembly, maintenance andoverhaul field activity team collaborated
across their facility to implement projects toincrease energy efficiency and reduce
emissions. The team worked to repair the roof,
liners and doors to better insulate the building
and improve the overall facility.
As a result of this, natural gas consumption forthe site was reduced by ~27% and emissions
were reduced by ~28%.

Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome
Reduce scope 1 and 2
greenhouse gas emissions by
50% by 2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 13.2:
Integrate climate change measures
into policy and planning, we have
implemented projects at various sites
through our Carbon Out program,
thereby improving our energy
efficiency and reducing our emissions.
May 2024

Energizing sustainable change

Spotlight on Progress
Cybersecurity awarenesscampaigns
Business need
We need to have cyber-conscious employees
to make our organization more secure andprotect us from cyber attacks.

Project team
Cybersecurity

Strategic outcome
ImpactNot applicable

The Cyber Security Awareness Champions
Program is a group of coworker ambassadors
dedicated to bringing valuable information,knowledge and tips to their respective
departments to ensure our organization iscyber secure. This program is centered aroundthe organization’s awareness theme of: Know.
Do. Share. These ambassadors share bestpractices throughout the organization to help
ensure that our employees know how to spot
cybersecurity risks and the best ways toprotect themselves.

Supporting the UN’s
Sustainable Development
Goals (SDGs)

Copyright 2024 Baker Hughes Company. All rights reserved.

Not applicableMay 2024

Energizing sustainable change

Spotlight on Progress
Indoor drone technology
Business need
The Enterprise Security team seeks to alignwith Baker Hughes’ sustainability goals by
utilizing innovative, cost-effective solutions
that decrease carbon emissions while
improving efficiencies.

Project teamEnterprise Security

Strategic outcome
ImpactOne area currently being assessed and trialed
is the use of indoor drone technology insidesome of our sites. Drone technology, which
harnesses the power of robotics paired withartificial intelligence, will be utilized forintelligent monitoring of smart buildings whileproviding near real-time insight into security
and emergency situations for improved
management, control, accurate intelligencegathering, comprehensive situationalawareness and more informed decision
making. Subject to the trial’s success, we
intend to deploy additional drone technology
to some of our mission-critical and higher-risk
locations to protect our people.
Copyright 2024 Baker Hughes Company. All rights reserved.

All Perfect HSE Days

Supporting the UN’s
Sustainable Development
Goals (SDGs)
Not applicableMay 2024

Energizing sustainable change

Spotlight on Progress
Responsibilities ofBaker Hughes Suppliers
Business need

Project teamOur Supplier Social Responsibility Program (SSRP) helps
us monitor our supply chain and address concerns in atimely manner. Ensuring integrity within our supply chain
helps our business maintain a high level ofaccountability for our stakeholders. Governments acrossthe world are beginning to implement now
policies requiring companies to identify, prevent andaddress the adverse impacts of their activities onhuman rights, the environment and good governancethroughout their supply chains. These types ofpolicies aim to promote responsible business conductand contribute to sustainable development goals.

Supplier Social Responsibility
team

Strategic outcomes-Active suppliers assessed
for environmental criteria
every three years.
-90% of Supplier Social
Responsibility audit red-flagfindings closed within 90
days

ImpactAs a part of the SSRP, all new direct material suppliers arescreened and assessed for social risks. Suppliers flagged
as “high-risk” are further audited. If we find a supplier inviolation of the responsibilities outlined in the Baker
Hughes Supplier Integrity Guide, we suspend business
relationships with the supplier immediately. As of
December 31, 2023, we achieved our goal to have a 90.0%
of SSRP audit red-flag findings closed within 90 days.

It is our goal to do business in the communities where we
operate. Our local spend is the procurement dollar
amount spent with suppliers local to the operation. During
the calendar year, our annual local spend with Tier 1
suppliers was steady at 80.0%.

-90% completion rate for
SSRP planned audits-80% suppliers agreeing to
BH Integrity Guide by 2030

Supporting the UN’s
Sustainable Development
Goals (SDGs)

As a major equipment manufacturer and service provider,
we continue to raise the bar of our industry & supply chain
through our policies and programs. Our Supplier Integrity
Guide governs key aspects of our relationships with
suppliers, contractors, consortium partners andconsultants.
Copyright 2024 Baker Hughes Company. All rights reserved.

May 2024

Energizing sustainable change

Spotlight on Progress
Supply chain and human rights
Business need

Several jurisdictions increased mandatory
reporting requirements for human rights due
diligence. Within our Supplier Social Responsibility
Program (SSRP), we took steps to further clarify ourhuman rights expectations for our direct suppliersin the Supplier Integrity Guide and enhanced ourown due diligence assessments to further explore
specific human rights risks.

ImpactIn 2023, we continued to enhance our human rights
program governance with the identification of ahuman rights program lead and a multifunctional
human rights working group to guide theoperationalization of our human rights program.
We further developed processes for recording andmonitoring the resolution of human rights
grievances.
We provided our direct suppliers training on humanrights issues and the process of conducting due
diligence within their own supply chains. We also
engaged with the Responsible Minerals Initiative toaddress the potential for systemic human rights
issues further up the supply chain.

Copyright 2024 Baker Hughes Company. All rights reserved.

Project team
SSRP teamLegal teamStrategic outcome- 100% of targeted personnel
trained annually on human rights
policies and procedures- Specialized human rights
training completed for >80% SSRP
auditors and sourcing by 2025
- Process to record track andmonitor human rights grievancesin place in Q1 2024

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress
Supporting workers’ healthBusiness need

We need to ensure our employees have mental
health and well-being resources to keep them
healthy and happy.

Impact
The Living Well program, aligned with our value ofcare, focuses on mental wellbeing. We believe thatprioritizing our physical and mental well-being
empowers us to be our best at work and at home.
We understand that managing well-being is apersonal process, so we aim to connect ouremployees with the resources they need, when
they need them.
To support our employees' well-being, we offer
employees free access to a limited number ofpremium subscriptions for Headspace, a wellbeing
app, which is available in many languages for ourworkforce across the globe. Headspace provides
access to content on stress management, sleep,
focus, music, guided meditation, “wake up” videos
and short workouts. It also has child-friendly
content available to the children of our employees.
A workforce with a strong well-being provides morestability for our Company and our customers.
Copyright 2024 Baker Hughes Company. All rights reserved.

Project teamGlobal Health and Wellbeing

Strategic outcome
All Perfect HSE Days

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024

Energizing sustainable change

Spotlight on Progress

Upholding the highest HSE standards
Business needWe must continuously maintain a safe working
environment for our employees and our customers.

Project teamHealth, Safety and Environment
teams

ImpactOur HSE training helps to educate and maintain our
employees’ knowledge of safe working practices
and procedures, increase awareness of risks andlower our incident rate. Measuring and analyzing
impacts that reduce our perfect days enables us toreflect and improve.
We are committed to acting responsibly andpromoting a healthy, secure and respectfulenvironment for our people, customers, partners
and communities in which we operate. Our HSE
Management System is an enterprise-wide
framework that drives continuous improvement inour performance and legal compliance across ouroperations globally. It includes more than 50 global
operational control procedures that detailminimum requirements for managing HSE risk in
our operations, which apply to all our employees,
sites and operations globally, including contractors
and third parties working on behalf of Baker
Hughes. These policies and procedures conform torecognized ISO requirements.
Copyright 2024 Baker Hughes Company. All rights reserved.

Strategic outcome
All Perfect HSE Days

Supporting the UN’s
Sustainable Development
Goals (SDGs)

May 2024