Energizing sustainable change

Spotlight on Progress

Biodiversity risk assessments
Business needWe 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

Project teamHealth, 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 thebeginning 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 DevelopmentGoals (SDGs)

In support of UN SDG target 12.5

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

ImpactA new high voltage electrical system wasinstalled at our Dammam site in Saudi Arabia
and connected to the electrical grid. Thefacility 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.

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

Supporting the UN’s
Sustainable DevelopmentGoals (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 Outprogram, 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 inAvenza, 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 needTraining 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.

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.

Project teamCarbon Out - OFSE

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 anew 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 inthe 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 energyefficiency 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

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.

Project teamHealth, Safety and Environment
teams

Strategic outcome
ImpactIn 2023, we inspected ~98% of the tanks at our sites
and took action to repair all deficiencies found. We
also performed preventative maintenance wherenecessary. 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.

Reducing spills at our sites by2035

Supporting the UN’s
Sustainable Development
Goals (SDGs)

In support of UN SDG target 6.3

Copyright 2024 Baker Hughes Company. All rights reserved.

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 thefacility 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