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: Nov. 13, 2023

Current Rankings

Global: #56

Energy: #1

Transparency

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

Commitments

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

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 Y2020
Total CO2e estimate (by Net0Tracker) 36,645,000 29,119,000 39,763,000
Methodology As reported 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

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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 Comments
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

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Schlumberger by zerotracker.net: March 23, 2023
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: "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 Involved in CCS (https://newenergy.slb.com/new-energy-sectors/carbon-capture-and-sequestration) but looking for "minimal reliance on offsets". Specifics not mentioned.

Data source from zerotracker.net - For more information, see methodology

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


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


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 2020 2020 2020 2019 2019 2019 2019
Source Public Public Public Public CDP Public Public CDP Public
Publication Year 2023 2022 2022 2022 2021 2022 2022 2021 2021
Scope 1 1,483,000 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 511,000 NA NA 631,000 0
Scope 2 - market-based 312,000 375,000 511,000 527,000 511,000 631,000 650,000 631,000 589,000
Scope 1-2 - location-based 1,483,000 1,369,000 1,125,000 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 1,636,000 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 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 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 39,763,000 32,088,001 40,066,000 54,152,000 46,703,000 2,017,000 2,218,000

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Library

Sustainability Reports

sustainability_report_2022

sustainability_report_2021

tcfd_report_2021

sustainability_report_2020

sustainability_report_2019

GHG DATA

GHG_emissions_2022

GHG_emissions_2022

GHG_emissions_2021

GHG_emissions_2021

GHG_emissions_2020

GHG_emissions_2020

GHG_emissions_2019

GHG_emissions_2019

GHG_emissions_2019

GHG_emissions_2018

GHG_emissions_2018

Disclosures - Verification

Disclosures/Verification_2022

Disclosures/Verification_2021

Disclosures/Verification_2020

Disclosures/Verification_2019

Targets reporting

Targets_2025

Targets_2025