Principles
Our Principles strategy

Our governance initiatives, programs, andpolicies drive a culture of integrity andtransparency, ensuring that we are do theright thing, beyond compliance.
We aim to take energy forward responsibly—with integrity and transparency.

OUR GOALS

1. Drive a cultureof transparency
and integrity 1. Drive a culture of
doing the righttransparency andthing beyond
integrity - doing thecomplianceright thing beyond
compliance

HOW WE WILL DELIVER SUCCESS

HOW WE WILL MEASURE SUCCESS• 100% of targeted personnel training annually on humanrights policies and procedures• Specialized human rights training completed for >80%
SSRP auditors and sourcing by 2025

• Champion complianceand ethics• Process to record, track and monitor human rights
grievances in place Q1 2024

• Ensure sustainable
governancePrinciples• 100% completion of annual Board training and selectexecutive staff for ESG-related topics• Align annual executive compensation to ESG outcomesby 2025

2. Take energy
forwardresponsibly
with
2. Takeenergy forward
integrity andresponsiblywithtransparency
integrity andtransparency• 100% of employees including governance body members
completed Code of Conduct training annually by 2024
• Uphold the highest health,safety, and environment
standards• Strive for principled,
diverse, and inclusive
supply chains• All Perfect HSE Days
• Active suppliers assessed for environmental criteria every
three years• 90% of SSRP audit red-flag findings closed within 90 days
• 90% completion rate for SSRP planned audits

What’s New for 2023
• We established the global FRAME (Fit for Remote Assignment Medical Exam) and Malaria
Prevention Program, which are designed to reduce risk by keeping our employees
healthy and able to deliver our services and products for our customers.
• Our Supplier Social Responsibility Program exceeded 90% of our goal for completed
planned audits.
• We enhanced existing processes for recording and monitoring the resolution of humanrights grievances.

HSE Performance Snapshot• Average hours of HSE training for
employees increased by 16.2% YOY(5.3 to 6.2)
• Number of leadership engagements
increased by 9.5% YOY (64,550 to 70,667)• Number of sites certified to ISO 45001:2018
increased by four year-over-year (61 to 65)

Achieved

199

Perfect HSE Days and over
1.4 million safety observations
completed• Total Recordable Incident Rate <0.3

• 80% of suppliers agreeing to BH Integrity Guide by 2030

We saw progress on HSE engagement
and training:

Data at a glance

Three of our HSE safety metrics varied
modestly YOY due to increased operational
activity for our customers:• Total recordable incident rate increasedslightly from 0.22 to 0.28—but still below ourstrategic threshold of 0.30
• Number of Perfect HSE days decreased by18 YOY (217 to 199)
• Total Recordable Illnesses increased by 11
YOY (5 to 16)

641,248

HSE trainings completed byemployees leveraging a total
230 course offerings.

97.5%

of entire employee population
completed our annual Code ofConduct training

Our HSE Management System
Our HSE Management System is an enterprise-wide
framework that drives continuous improvement inperformance and compliance across our operations.
We take a multi-tiered approach that enables
leadership at various levels to create localized andrelevant procedures. This approach allows for moredetailed task-level standards and compliance withapplicable obligations, including regulatory andcustomer requirements. All employees, including
directly supervised contractors, are covered by theManagement System.
The management system is formally reviewed
annually to identify any changes or improvementsfrom relevant stakeholder groups, such as regulators,industry, public and business operations. Identified
improvements are adopted and revisions arepublished and communicated to the organization.
Employees are encouraged to provide feedback
and request revisions or clarification at any time. Ifchanges are made to documents, we follow a revisionpublication process and communicate the changes
to employees.

87652381

sites were certified toISO 14001, the international
standard for environmental
management systems

sites were certified to ISO 9001,
the international standard for
quality management systems

sites were certified to ISO 45001,
the international standards foroccupational health and safety
management systems

site certified to ISO 50001
standard, the international
standard for Energy Management
Systems in support of our energyefficiency goals.

Our human rights pledge
A human rights program lead was appointed in 2023, adding leadership to our humanrights governance. To aid in the operationalization of our human rights program,
we also established a multifunctional human rights working group. Furthermore, weenhanced existing processes for recording and monitoring the resolution of humanrights grievances.

Strive for principled, diverse, and inclusive supply chains

Spotlights
on progress

Our Supplier Social Responsibility Program (SSRP) ensures supplier integrity in HSE performance, ethical conduct
relating to human rights, fair treatment of workers, security, and lawful operation. We screen all new directmaterial suppliers for social risks and, if we find a supplier in violation of the responsibilities outlined in the Baker
Hughes Supplier Integrity Guide, we immediately suspend business relationships with them. In Q3 of 2023, welaunched a human rights survey with 92% of respondents so far aligning with Baker Hughes Supplier Integrity
Guide—exceeding our 2050 goal. By the end of 2023, we achieved our goal to have 90% of SSRP red-flag findings
closed within 90 days.

Global Occupational Health
The FRAME program provides a global standard process for employees who are assigned to work offshore,at onshore remote locations, or at customer sites that have a medical clearance requirement to undergo acomprehensive medical exam to determine their readiness to work in a remote environment. The programis administered by third party administrators who ensure quality medical providers are used, a standardized
medical protocol is followed, results assessment is consistent with industry standards and medical data
privacy is maintained.

Living Well and Headspace
We believe that prioritizing physical and mental wellbeing empowers us to be our best at work and at home.
We understand that managing wellbeing is a personal process, so we aim to connect our employees with theresources they need, when they need them. For example, our Living Well program gives employees a limited
number of premium subscriptions to Headspace, a leading
wellbeing app. It provides content on stress management, sleep,focus, music, guided meditation, “wake up” videos, and shortworkouts. It also has content for our employees’ children.

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