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At SLB, we are creating technologies to unlock access to energy for the benefit of all, working across our three engines of growth Core, Digital, and New Energy — to enable lower-carbon oil and gas production while scaling the renewable energy systems of tomorrow. The 2024 Sustainability Report highlights the progress SLB is making and demonstrates the company’s commitment to sustainability.

“These actions are not only the right thing for the planet, they are also positioning our business for lasting success,” says SLB Chief Executive Officer Olivier Le Peuch. “We have a broad portfolio that will benefit from investment across many energy sources, and we believe that our values are a differentiator for our customers, partners, and employees. Combined, we have built a solid foundation for growth across all time horizons, but there is more work to do, and we are fully committed to achieving our sustainability goals.”

Our sustainability strategy is focused on three priorities with the greatest potential impact for SLB, our stakeholders, and society: climate action, people, and nature. In 2024, we continued to advance our sustainability journey:

Lowering Scope 1 and 2 emissions
We’ve made substantial progress in reducing our Scope 1 and 2 emissions through transitioning to renewable and lower-carbon energy sources, reducing diesel reliance and implementing smart meters and energy efficiency in our facilities. We achieved our first interim target of reducing Scope 1 and 2 absolute emissions by 30% from our 2019 baseline.Decarbonizing our customer operations and our supply chain
In 2024, SLB’s Transition Technologies™ portfolio of upstream and midstream products and services continued to expand, helping customers reduce their greenhouse gas emissions. We strengthened our efforts to reduce Scope 3 emissions by enhancing sustainability practices throughout our supply chain. We reduced our Scope 3 emissions intensity by 18% from 2023 and helped customers avoid more than 950,000 metric tons of emissions.Scaling new energy systems
In 2024, we continued to make progress in scaling new energy systems with pioneering technologies to support global decarbonization goals. This year, we achieved significant progress across multiple areas, including advanced carbon capture solutions and more sustainable lithium production.Prioritizing health, safety and the environment (HSE)
We harnessed new digital technologies such as remote monitoring and AI-enabled alerts, along with global initiatives to ensure continuous improvement in HSE practices, strengthening our culture of safety, sustainability and wellbeing.Fostering an inclusive culture
By fostering an inclusive workplace culture along with promoting science, technology, engineering, and mathematics (STEM) education for women, and empowering future generations of innovators, we can create the foundation for an inclusive culture. In 2024, we achieved our milestone of women representing 25% of our global salaried workforce.Focusing on our communities and partnerships
SLB’s Sustainability Impact Awards have supported numerous high-impact projects globally to improve sustainability outcomes in our business and our local communities. Our 2024 investments included 18 climate action projects, eight nature projects furthering positive water stewardship, circularity, and biodiversity outcomes, as well as 20 community investments supporting STEM education, inclusion, and living conditions.Respecting human rights
We continued our focus on human rights, addressing key risks to workers in our supply chain and strengthening our ability to address potential or actual impacts. In 2024, over 50 of our facilities underwent human rights self-audits and more than 750 suppliers underwent human rights due diligence.Championing water stewardship
In 2024, our “measure, reduce, and replenish” framework for facilities and operations delivered benefits for both the environment and local communities. SLB’s reduction of 9% of freshwater consumption in facilities was driven by targeted initiatives such as process efficiencies, recycled water usage, and implementing closed-loop water systems.Circularity
Scaling our “5R” framework – reduce, reuse, refurbish, remanufacture, and recycle – across SLB has driven circular practices. In 2024, more than 200,000 metric tons of material were diverted from landfill.Governance and reporting
SLB’s sustainability reporting is guided by stakeholders and aligns with leading frameworks such as Sustainability Accounting Standards Board (SASB) Standards, Task Force on Climate-Related Financial Disclosure (TCFD) Recommendations, U.N. Sustainable Development Goals, U.N. Guiding Principles on Business and Human Rights Reporting Framework, and Global Reporting Initiative (GRI).ESG performance
In 2024, SLB received external environmental, social and governance distinctions, including an AA rating from Morgan Stanley Capital International (MSCI), an A rating from CDP Supply Chain, and inclusion in the Dow Jones Best-in-Class World Index.

Learn more about SLB’s commitment to sustainability and view performance results in the 2024 Sustainability Report.

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It’s another crossover episode and this week, Mandi McReynolds, along with co-hosts Steve, Andie, and Alyssa, discuss the latest findings from Workiva’s Executive Benchmark survey that explores the intersection of finance and sustainability amidst global political complexities. Highlighting the importance of integrated reporting, they address the impact of European legislation, ISSB standards, and U.S. state-level regulations. The conversation delves into the strategic value creation of sustainability reporting and offers practical advice for engaging with the C-suite.


Read the 2025 Executive Benchmark on Integrated Reporting. 

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ESG Talk is brought to you by Workiva, the world’s only unified platform for financial reporting, ESG, audit, and risk. Learn more at workiva.com.

PHILADELPHIA, February 24, 2025 /3BL/ – Wells Fargo & Co. (“Wells Fargo”) is donating $5 million to HomeFree-USA to help families buy their first home, bringing the NeighborhoodLIFT® program back to Philadelphia. In collaboration with the City of Philadelphia, Affordable Housing Center of Pennsylvania (AHCOPA), and RiseUp Fund, the NeighborhoodLIFT program will offer up to $15,000 in homebuyer assistance to eligible participants and provide homebuyer education, financial coaching, and more to help put people on a pathway to homeownership.

The NeighborhoodLIFT program is redesigned to address more of the barriers to owning a home. Eligible homebuyers will have the option to use the funds for downpayment assistance, or toward paying down debt, lowering their interest rate and monthly payments, or towards closing costs. This effort is expected to help an estimated 260 eligible first-time homebuyers in Philadelphia.

“We need to keep giving people opportunities so they can rise,” said Philadelphia Mayor Cherelle L. Parker. “Thank you to Wells Fargo for helping Philadelphia in a very meaningful way so that our residents will be able to see more investment in their daily lives, and to give them a real opportunity to buy their own home.”

“Making homeownership more affordable will help hard-working people create generational wealth and strengthen Philadelphia neighborhoods,” said Darlene Goins, head of Philanthropy and Community Impact at Wells Fargo. “NeighborhoodLIFT has helped thousands of people across the purchase their first home and, alongside Mayor Parker and our nonprofit leaders, we look forward to helping more Philadelphia residents achieve the dream of homeownership.”

“HomeFree-USA is honored to be a part of this outstanding homebuying strategy. NeighborhoodLIFT provides the downpayment support, preparation and long-term post-closing guidance needed to ensure borrowers keep their homes for life,” said Marcia Griffin, founder and CEO of HomeFree-USA. “NeighborhoodLIFT aims to ‘lift’ more individuals and families into homeownership and our nonprofit partners in Philadelphia — AHCOPA and RiseUp Fund — will help homebuyers to make their journey home a success.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com

LinkedIn: https://www.linkedin.com/company/wellsfargo