Energizing sustainable change

2023 Corporate Sustainability Report
Sustainability is a key differentiating capability for
Baker Hughes. We are driving transformative andmeaningful change for energy and power producers
today to address the urgency and scale required
to meet the world’s energy demand. By leveraging
sustainable practices, we have reduced the carbon
intensity of our operations while enabling
our customers and partners to meet theirenvironmental goals using low-carbon
and new energy solutions.
Lorenzo Simonelli,

Chairman, President, and CEO

Who we are

Our purpose

Sustainability visionWe are an energy
technology company.

We take energy forward, making itsafer, cleaner and more efficientfor people and the planet.

To be a sustainable pioneer in everything wedo, positioning Baker Hughes as the futureenergy technology company of choice.

Performance and sustainability highlights
PeopleFostering diversity, equity, and inclusion

150+

nationalities represented withover 75% of employees working
outside of the US

9,085

people participating in
employee resource groups

19.5%

of workforce is women­

38.3%

of our US workforce identify
as people of colorOur approachto sustainability$64 million

in contributions to community$410 million

spent with diverse suppliers
and small businesses

Our sustainability strategy

39,064serves as our roadmap for

Logged total volunteer service hours

creating long-term value. Oursustainability strategy aligns
with our company’s growth

Planetand financial goals which

extend beyond bottom-line

Protecting air, water, land, and biodiversity

28.3%

reduction in Scope 1 & 2 greenhousegas emissions compared to 2019base year10

considerations.

29.8%

of our electricity comes fromrenewables and zero-carbon sources

60,920working groups

30+

metric tons of waste recycled

Scope 3 emissions
categories reported

20+

strategic outcomes

27.1%

36.0%

reduction of scope 2 market based
emissions vs. 2019 base year

lower hazardous waste volume
globally vs. 2022

In 2023, we formalized three newcommunities of practice:

Water
Management andBiodiversity

Principles
Doing the right thing, always

95%

100%

1,442,048

641,248of social supplier audit red‑flagfindings closed within 90 days
safety observations completed, and 199
Perfect HSE days recorded

Waste, Circularity
and SustainableSupply Chainof security personnel trained onhuman rights

Policy and Funding

hours of HSE training completed by ouremployees (230 HSE courses available)

97.5%

employees completed annual Code ofConduct training

Awards and recognition“Industry Mover” by Global S&P Sustainability
Yearbook 2023
Just Capital 2024 Industry Mover

Golden Peacock Award“2023 Global Award for Sustainability”
in the Energy Technology sector
Product Innovation and Design Award at
The Manufacturer MX Awards 2023 - Druck

Just Capital: ranked first of 14 Energy
Equipment and Services companies
AA ESG Rating MSCI

Institutional Investor All-America
Executive Team 2024 - Winners by Sector Combined Overall

Ally Energy GRIT Best Energy Workplace(three-time winner)

Hart Energy’s 2023 ESG Awards:
Cleaner, Safer, More Diverse

EcoVadis Silver ESG

Ranked fifth in the Fortune Modern 25 Board

Driven by
our values

Advancing
our energy
transition
strategy

Continuing
to reduce
our carbon
emissions

Copyright 2024 Baker Hughes Company. All rights reserved.

Grow

Maintaining ourcommitment
to people anddiversity

Collaborate

Leading insafety andhealth

LeadSupporting ourcommunities

Care

Building ourbrand andreputation