NASDAQ:BKR

Panametrics Employees Adapt PlayStations To Benefit Children's Ward at University Hospital Limerick

Employees from Panametrics, a Baker Hughes business, work together to develop unique mobile stands for PlayStations
Press Release

SHANNON, Ireland, September 26, 2022 /3BL Media/ – Employees from Panametrics, a Baker Hughes business, manufactured and donated three uniquely mobile video game station stands to the Childrens’ Ark Ward at the University Hospital Limerick (UHL).

PlayStation* video game consoles and accompanying monitors have been fitted to stands constructed by colleagues at Panametrics.

Southern University's 2022 Baker Hughes Leadership Summit Provides Career Readiness

Summary: 

2021 grant from Baker Hughes Foundation expands annual event to over 200 students

Press Release

2021 grant from Baker Hughes Foundation expands annual event to over 200 students

Baker Hughes Announces Simplified Organization To Enhance Profitability and Position for Growth

Summary: 
  • Establishing two reporting business segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET).
  • Accelerating strategic transformation to simplify and improve operations, enhancing profitability while positioning for growth with customers across energy and industrial markets.
  • Expecting to deliver at least $150 million in cost reductions, maximizing shareholder value.
Press Release
  • Establishing two reporting business segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET).
  • Accelerating strategic transformation to simplify and improve operations, enhancing profitability while positioning for growth with customers across energy and industrial markets.
  • Expecting to deliver at least $150 million in cost reductions, maximizing shareholder value.

Baker Hughes Foundation Working With Singapore Management University To Find New Opportunities To Support Social Innovation

Press Release

SINGAPORE, August 16, 2022 /3BL Media/ – The Baker Hughes Foundation has announced it is in discussions with the Singapore Management University’s Lien Centre for Social Innovation to contribute a USD $100,000 grant to drive positive social change in Singapore.

2021 Baker Hughes Progress in our Corporate Responsibility

2021 Corporate Responsibility Report
Article

Support for the Paris Climate Agreement

We support the objectives of the UN Paris Climate Agreement and its goal to keep global temperature rise well below 1.5-degrees Celsius. As an energy technology company with a portfolio of lower-carbon solutions across the energy value chain, our corporate strategy is to lead through the energy transition to a low-carbon future. We have committed ourselves to reduce our Scope 1 and 2 carbon equivalent emissions 50% by 2030 and to achieve net-zero Scope 1 and 2 carbon equivalent emissions by 2050.

A Letter from Baker Hughes Vice President of Energy Transition

2021 Corporate Responsibility Report
Article

by Allyson Anderson Book, Sustainability Steering Team Chair

We progressed our sustainability efforts from policy to action in 2021.

Building on a strong foundation, we took important steps during the year to advance our sustainability strategy and programs, engage employees, and make significant progress on our most important priorities. Some of the highlights you will see in this report include:

Expanded emissions reporting

Baker Hughes Foundation Awards $60,000 to Red Cross in Europe for Wildfire Disaster Relief

Press Release

LONDON, Aug. 2, 2022 /3BL Media/ – The Baker Hughes Foundation has announced a $60,000 grant to Red Cross Societies in Europe to provide support for those affected by the wildfires.

Energy Forward - CEO Letter

2021 Corporate Responsibility Report
Article

2021 was a year of accelerating our net-zero commitment and sustainability to take energy forward.

The world has changed dramatically since Baker Hughes made its net-zero commitment in 2019. At that time, our roadmap did not include specific plans for a major pandemic, extreme geopolitical volatility, and an accelerated global focus on solving climate change. Despite these challenges, we have continued to take energy forward and make great progress on our sustainability goals.

2021 Baker Hughes Progress in our Social Strategy

2021 Corporate Responsibility Report
Article

Our social strategy

The People pillar of our sustainability strategy encompasses our relationships with our employees, customers, and communities around the globe. This includes a broad range of social topics including human capital, workforce development, and community engagement. We see these topics as intricately linked and important to advancing our corporate strategy. In this section, we discuss Baker Hughes’ programs to advance DEI, promote a just energy transition, attract, retain, and develop talent, and support the communities where we live and work.

Putting Corporate Responsibility Into Climate Action in the Villages of India

Blog

Baker Hughes employees in India set the wheels in motion to combat desertification with an ambitious soil and water conservation project to help farmers and the local community.

They say it takes a village, but when the villages in question are suffering from the impacts of climate change to the extent that farmers’ crops are failing, people are forced to leave their homes to find income in cities.

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