Baker Hughes has announced it has become a participant of the UN’s Global Compact initiative – a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. Baker Hughes takes a leadership position in its sector by making this commitment.
In joining the UN Global Compact, Baker Hughes commits to supporting and reporting its progress toward the Ten Principles of the United Nations Global Compact on human rights, labour, environment and anti-corruption, as well as their 17 Sustainable Development Goals.
“At Baker Hughes, we believe that the energy industry has an important role to play in addressing the world’s greatest challenges,” Lorenzo Simonelli, Chairman, President and CEO, said. “We are committed to doing our part to stand in collaboration with leading global companies, organisations and governments to progress shared goals for people and the planet.”
As an energy technology company, Baker Hughes has committed to a variety of leadership programmes focused on advancing corporate responsibility across the scope and scale of its global operations and supply chain. This includes commitments to ethical business practices, universal human rights and environmental stewardship, as described in its 2018 Corporate Responsibility Report.
For example, in the area of environment, the company has publicly committed to reducing its carbon equivalent emissions 50% by 2030 and to achieving net-zero emissions by 2050, in line with the Paris Climate Agreement. The company already has reduced its carbon equivalent emissions by 34% since 2012 and is investing in and deploying technology to help its energy and industrial customers reduce their emissions from flaring, venting, fugitive emissions and combustion.
Read the article online at: https://www.worldpipelines.com/business-news/29112019/baker-hughes-joins-un-global-compact/