Planet
Our Planet strategy

Our Planet strategy has environmental stewardship at itscore. We developed two key focus areas comprised ofspecific outcomes to drive our strategy forward.
To address our Planet strategic goals, we leveraged
conservation measures, circularity, life cycle assessments,
and CO2e emissions reduction projects across our facilities
and field sites. Our efforts to drive sustainable operations
are accomplished by our greatest asset - our people.

YoY data at a glance

OUR GOALSHOW WE WILL DELIVER SUCCESS

HOW WE WILL MEASURE SUCCESS• Reduce scope 3 emissions by 2033
1. Pioneer low carbon
energy solutions todeliver value for ourcustomers• Enable our partners tothrive in a low carbon
worldPlanet• Become a Net-Zerobusiness by 2050

• YOY increase R&D funded by external sources• BH positioned early & recognized as key technology provider• Reduce scope 1 and 2 CO2e emissions by 50% by 2030
• Complete life cycle assessments for the >95% emissions
intensive products by 2026
• Complete proactive strategic policy framework for allgrowth areas

2. Champion
environmentalstewardship andminimize our footprint• Reduce spills and reportthem transparently• Minimize the resources
we use• Reduce spills at our sites• Reduce usage in water-stressed sites by 2030
• Reduce waste to landfill by 2030
• Assess 100% of sites for biodiversity risk by 2030 andimplement risk management programs for high-risk sites

What’s New for 2023
• Continued to advance automation of emissions data and strong internal controllershipof all Planet data
• Expanded breadth and depth of our Carbon Out program to include Scope 3 emissions• Have 500+ people engaged in our Carbon Out network with projects initiated in40+ countries• Lifecycle Assessments: drove adoption of our proprietary FastLCA tool and completed
313 LCAs—a 627.9% increase YOY

Significant spills decreased by 35.3%
and chemical spills by 70.9%
vs. 2022
Total water withdrawal
decreased by 7.1% anddischarge by 12.3% vs. 2022

13 new sites (87 total)

utilizing renewable or zero-carbon
electricity from the grid

11 sites utilizing on-site solar energy

28.3%

lower Scope 1 and 2emissions vs. 2019 base year

33%lower Scope 1 and 2emissions intensity vs. 2019

Emissions transparency with FastLCAFastLCA is a proprietary tool we developed, aligned to ISO 14040/44 and ISO 14067:2018, toquantify the environmental footprint throughout all lifecycle stages of our products andservices. Its Lifecycle Assessments give our customers clear insight into how our products
will affect their emissions as we continue to transition into a low-carbon world. They
also play an important role in the design of our products where emissions impacts arereviewed with other design features. Our LCAs provide an emissions profile that can serve
as a heat map that identifies the highest emission materials, manufacturing processes,transport, installation, and operations activities. These insights drive decisions and Carbon
Out initiatives.
LCAs are internally peer-reviewed and verified by our Emissions and Climate Analytics
Center of Excellence. In 2023, we completed 313 LCAs, a 627.9% increase over 2022.

27.1%

lower hazardous waste volume
produced globally vs. 2022

34.2%

reduction in CO2e emissions fromall Baker Hughes controlled facilities
in 2023 vs. our 2019 base yearThese nine building blocks define our enterprise-wide framework for ouremissions reduction across our full value chain.

01 Ambition

02 Governance

Science-based targets aligned toOversight and accountability for net zeroachieving global net zero by no later

integrated in our operations

than 2050 and limiting warming to 1.5ºC

03 Corporate
strategy
Embedded and aligned net zero intocompany strategy

04 Enterprisetransformation

05 Supply chains

06 Innovation

Transformed net zero supply chain to

Developed innovation and technologies

07 Finance

08 Transparency

09 Engagement

Substantial commitment and willingness

Communicating action and providing

Enhancing the pace scale of net

against net zero ambition

and influencing stakeholders acrossbuild a low carbon ecosystem

Key operating model consideration in

to deliver net zerosupport of transformation

to finance net zero transformation

balanced information on progress

Total electricity used in 2023

29.8%

Of our electricity comesfrom renewable or otherzero-emission sources,
such as nuclear.

Non-Renewable,
zero-emission

zero action through engaging with

9,606

ecosystems

Renewable,
zero-emission

164,597 MWh

All in. Carbon out. An employee led program

200+ 40+
Project ownersleading initiatives

Countries withprojects initiated500+ 590+
People engaged
in our Carbon Outnetwork

Pipeline
projects

MWh

NonRenewable

410,961

Employee shuttle service—Italy

Spotlights
on progress

Approximately 6,000 employees commute the 150 miles between our sites in Avenza, Massa, and Florence every day. Last
September, to reduce Scope 1 and 2 emissions, we began a shuttle service with multiple trips a day. It received over 1,000
reservations in the first 90+ days—consolidating emissions produced by daily commutes and elevating employee well-beingby providing a more efficient, lower-stress transportation option.

Blue Marlin ‘rides the waves’—Brazil
Dynamic positioning enables vessels to remain stationary in the ocean without physically attaching to the oil rig or dropping
anchor. Although it provides more operating flexibility, it burns considerably more fuel. Our team in Brazil introduced variablefrequency technology to our Blue Marlin vessel that enables propeller rotation at a slower, variable rate. The upgrade reduced
fuel consumption by approximately 30% and emissions by approximately 14% during dynamic positioning for assembly,
maintenance, and overhaul activities. Considering that our whole fleet of marine vessels produced 26,275 MT CO2e in 2023.

Circularity through additive manufacturing
We use additive manufacturing to extend the service life or enhance features of many older or obsolete parts. It also reducesmaterial consumption and shipping distances, and improves the efficiency of production and the supply-chain. A casestudy performed on first-stage gas turbine nozzles resulted in ~26% lower energy consumption and ~42% lower raw materials
use—decreasing waste to landfill, improving efficiency, and reducing scope 3 category 5 (waste generated in operations).

Diesel fuel transformation to electrical grid—Saudi Arabia
Our manufacturing facility in Dammam was using three diesel-powered generators, consuming a combined 365,000 gallons
of fuel to generate the 3,300 MWhs needed for site operations. We switched to a new high-voltage electrical system
so all power is now supplied by the electrical grid—significantly reducing the facility’s scope 1 and 2 emissions, as well as
operational cost savings.

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