Net 0 Tracker

Schlumberger Ltd.

"The text does not provide specific information on the net zero target of the company Schlumberger Ltd. Corporate Climate Responsibility Monitor 2022
Therefore, it is not possible to provide a detailed answer regarding their environmental policy or their net zero target based on the given text. Corporate Climate Responsibility Monitor 2022"

Current Score (vs. LY)

53.5 pts (-7.3)

Last Update: Dec. 12, 2023

Current Rankings

Global: #58

S&P500: #41

Energy: #1

78.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

37.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

	Y2022	Y2021	Y2020
Scope 1	1,483,000	1,369,000	1,125,000
Scope 2 - location-based	NA	NA	NA
Scope 2 - market-based	312,000	375,000	511,000
Scope 1-2 - location-based	1,483,000	1,369,000	1,125,000
Scope 1-2 - market-based	1,795,000	1,744,000	1,636,000
Scope 3	34,850,000	27,375,000	38,127,000
Total - location-based	36,333,000	28,744,000	39,252,000
Total - market-based	36,645,000	29,119,000	39,763,000

Note: Data sources detailed here

	Y2022	Y2021
Total CO₂e estimate (by Net0Tracker)	36,645,000	29,119,000
Methodology	As reported	As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.

Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)

Please refer to the library for viewing the supporting documentation

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Schlumberger Ltd. belongs to the sector Energy.

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope	Reduction Objectives	Base Year	Target Year
S1S2MKT	30.0	2019	2025
S3	30.0	2019	2030
S1S2S3MKT	31.0	2019	2030
S1S2MKT	50.0	2019	2030

Net Absolute Emission Reductions

Scope	Reduction Objectives	Base Year	Target Year	Comments
S1S2S3MKT	100.0	2019	2050

Net Zero Future Commitments

Scope	Scope 3 Coverage	Target Year	Comments
S1S2S3LOC	FULL	2050

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Offsets

Last update for Schlumberger by zerotracker.net: Sept. 4, 2024

Planning to use external offset credits	Not Specified
Separate targets for emission reductions and removals	No
Conditions on use of offset credits	None
Plans for carbon dioxide removal (CDR)	Yes (CCS-based removals e.g. BECCS, DACCS)

Additional notes: Our diverse New Energy portfolio includes ventures in CCS, energy storage, geothermal power, geoenergy for heating and cooling, sustainable battery-grade lithium, and hydrogen as an energy carrier. "In addition, carbon negative actions such as bioenergy with carbon capture and storage, are meant to help us achieve our net zero goals with minimal reliance on offsets." (Schlumberger, 2021 Sustainability Report, pg 8) https://www.slb.com/-/media/files/sustainability/2021/2021-slb-sustainability-report.ashx "For emissions that cannot be reduced, rather than relying on traditional offsets, we will rely on our carbon-negative actions that are technology-centric, where we can play a role, such as through our Schlumberger New Energy portfolio described above under “Climate Action”—New Energy & Transition Opportunities." (Schlumberger, 2021 Sustainability Strategy, pg 34) https://www.slb.com/-/media/files/sustainability/2021/2021-slb-sustainability-report.ashx Various emissions reduction initiatives: https://www.slb.com/products-and-services/decarbonizing-industry/methane-emissions-management/sees-end-to-end-emissions-solutions-family Involved in CCS (https://newenergy.slb.com/new-energy-sectors/carbon-capture-and-sequestration) but looking for "minimal reliance on offsets". Specifics not mentioned.

Score Summary

Ref	Principle	Score (points)	Max (points)	Delta (points)
1	At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified	10.0	10.0	0.0
2	Scope 3 emissions are fully reported and externally-verified	7.5	10.0	-2.5
3	CDP score demonstrates the level of transparent disclosures	6.0	10.0	0.0
	Transparency	23.5	30.0	-2.5
4	Net Zero Commitments by 2050 include an intermediate target and cover all the emissions	10.0	10.0	0.0
5	Net Zero targets demonstrate a high-level of emergency	0.0	10.0	0.0
6	Emission reduction targets on a forward-looking basis are ambitious	5.0	10.0	0.2
7	Targets are science-based as validated by SBTi	0.0	10.0	-2.5
	Commitments	15.0	40.0	-2.3
8	Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	0.0	10.0	-5.0
9	Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	5.0	10.0	0.0
10	Implied Temperature Rating by MSCi	10.0	10.0	2.5
	Results	15.0	30.0	-2.5
	Total	53.5	100.0	-7.3

Score Details

Criteria	Results	2023 Score	2022 Score	Vs. 2022	2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period?	yes	5.0 / 5.0	5.0	0.0	5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year?	yes	5.0/ 5.0	5.0	0.0	5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed?	full	5.0 / 5.0	5.0	0.0	5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year?	partly	2.5 / 5.0	5.0	-2.5	2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)?	C	6.0 / 10.0	6.0	0.0	8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050?	yes	3.0 / 3.0	3.0	0.0	3.0
Does the net zero target include an intermediate target by 2030?	2025	3.0 / 3.0	3.0	0.0	3.0
Does the net zero target include all the emissions?	yes	4.0 / 4.0	4.0	0.0	4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2?	2050	0.0 / 5.0	0.0	0.0	0.0
Target year for achieving net zero emissions for S1+S2+S3 combined?	2050	0.0 / 5.0	0.0	0.0	0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?	7.1	5.0 / 5.0	4.8	0.2	3.2
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?	-0.2	0.0 / 5.0	0.0	0.0	0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to?	NC	0.0 / 10.0	2.5	-2.5	2.5
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target	Objective (in %): 15.0 Actual (in %): 11.0	0.0 / 5.0	5.0	-5.0	5.0
Momentum: last year % reduction vs. forward-looking target	Objective (in %): 7.1 Actual (in %): -2.9	0.0 / 5.0	0.0	0.0	5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target	Objective (in %): 8.5 Actual (in %): 32.3	5.0 / 5.0	5.0	0.0	0.0
Momentum: last year % reduction vs. forward-looking target	Objective (in %): Actual (in %): Forward-looking reduction could not be calculated	0.0 / 5.0	0.0	0.0	0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets?	ITR: 1.5°C	10.0 / 10.0	7.5	2.5	0.0
Total		53.5 / 100.0	60.8	-7.3	51.2

Available Data Sources

Reporting Year	2022	2021	2021	2020	2020	2020	2019	2019	2019	2019
Source	Public	Public	Yourstake	Public	Public	CDP	Public	Public	CDP	Public
Publication Year	2023	2022	unknown	2022	2022	2021	2022	2022	2021	2021
Scope 1	1,483,000	1,369,000	1,369,000	1,125,000	1,424,000	1,125,000	1,386,000	1,668,000	1,386,000	1,629,000
Scope 2 - location-based	NA	NA	NA	NA	NA	511,000	NA	NA	631,000	0
Scope 2 - market-based	312,000	375,000	375,000	511,000	527,000	511,000	631,000	650,000	631,000	589,000
Scope 1-2 - location-based	1,483,000	1,369,000	1,369,000	1,125,000	1,424,000	1,636,000	1,386,000	1,668,000	2,017,000	1,629,000
Scope 1-2 - market-based	1,795,000	1,744,000	1,744,000	1,636,000	1,951,000	1,636,000	2,017,000	2,318,000	2,017,000	2,218,000
Scope 3	34,850,000	27,375,000	27,375,000	38,127,000	30,137,001	38,493,000	52,135,000	44,385,000	0	0
Total - location-based	36,333,000	28,744,000	28,744,000	39,252,000	31,561,001	40,129,000	53,521,000	46,053,000	2,017,000	1,629,000
Total - market-based	36,645,000	29,119,000	29,119,000	39,763,000	32,088,001	40,066,000	54,152,000	46,703,000	2,017,000	2,218,000