Baker Hughes Company

NASDAQ: BKR40Mixed / Improving· Provisional

0 followersOil & gas·Houston, TX, United States·Founded 1987

Oilfield technology and services company with industrial and energy technology divisions; revenues remain predominantly tied to oil and gas extraction and LNG despite some emerging clean-energy offerings.

40/100

Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: highData confidence: high

Why it's on ClimateTicker

Baker Hughes is an oilfield services and industrial technology company whose core revenue remains overwhelmingly tied to fossil fuel extraction and LNG infrastructure, making it a laggard by climate impact despite real — but operationally narrow — Scope 1/2 reduction progress. The company positions itself as an 'energy technology' enabler of the transition via CCUS, hydrogen, and geothermal offerings, but these remain a modest fraction of revenue relative to its upstream oil and gas business. Investors should treat its sustainability narrative as genuine in operational terms but structurally constrained: Scope 3 emissions dwarf Scope 1+2 by a factor of roughly 650x, and no SBTi-validated Scope 3 target exists.

laggardBaker Hughes earns revenue primarily through oilfield services and equipment for drilling, completion, and production (~56% of revenue), and through industrial energy technology including gas turbines, LNG equipment, and compressors (~44%), with a small and growing portfolio of CCUS, hydrogen, and geothermal technology offerings.

Commitments & Certifications

CDP: Disclosed — score not confirmed in sources ↗other: UN Global Compact — Active Signatory ↗other: GRI Standards — 2024 Materiality Assessment Completed ↗SBTi: Near-term Scope 1+2 target validated ↗

Controversy & Greenwashing Watch

mediumStructural Scope 3 Greenwashing Gap

Baker Hughes markets itself as an energy transition leader while Scope 3 emissions (~375 trillion kg CO2e in 2024) account for 99.5% of total emissions with no SBTi-validated Scope 3 reduction target, creating a material gap between climate marketing and verified impact.source ↗

lowActive Federal Lobbying on Energy Policy

Baker Hughes files regular LD-2 federal lobbying disclosures, with commercial interests structurally aligned to sustaining oil, gas, and LNG infrastructure investment, raising questions about the coherence of its 'energy transition enabler' positioning.source ↗

lowOFAC Sanctions Self-Disclosure (Russia-linked debt restrictions)

Baker Hughes voluntarily disclosed in 2021 that non-U.S. affiliates received payments involving U.S. touchpoints subject to debt-restriction sanctions; OFAC issued only a cautionary letter with no monetary penalty, and the SEC closed its investigation without enforcement action in January 2023.source ↗

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