SLB
CEF Lead Executives
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ASHOK BELANIList Item 1
EVP, Technology
Belani became EVP of Technology in August 2011. He is responsible for the SLB research, engineering, manufacturing, technology lifecycle management, software technology, and information technology. Since 2013, he has also led the marketing, sales and account management functions for Schlumberger. Belani joined Schlumberger as a field engineer in 1980 and previously served as VP of marketing and product development for Wireline and later as VP of marketing and product development for Oilfield Services. He later held the position of CIO of Schlumberger Limited. Belani serves on the Advisory Board for the School of Earth Sciences at Stanford University, and the Board of Moscow Institute of Physics and Technology. He also serves on the Board of Liquid Robotics Inc.
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SYDNEY LINDQUIST
Director ESG Performance
Sydney has served as SLB’s Director of ESG Performance for a little over one year. She is responsible for external ESG performance, including leading engagement efforts with key stakeholders across several market segments globally. Sydney is a strong advocate for a balanced approach to sustainability across all stakeholder groups and has represented her organization with numerous industry associations, technical advisory groups and specification committees. Prior to her role at SLB, spent 10+ years as a Global Sustainability Leader in the chemical industry, led a Global Product Stewardship Team. Previously she held various Environment, Health & Safety roles within Koch Industries and Akzo bel.
Sustainability Goals
Current Sustainability Goals
2025 Goals
- Reduce carbon emissions by 30% in Scope 1 and scope 2 emissions
- Achieve gender balance of 25% women in their salaried workforce
- Report zero company-involved fatalities
2030 Goals
- Achieve a 50% reduction in Scopes 1 and 2 and 30% reduction in Scope 3
2050
- Achieve
net zero by 2050 with minimal reliance on offsets
Latest Sustainability Reporting
(April 2024)
Highlights
- Reduced Scope 1 and 2 emissions intensity by 15% and Scope 3 emissions intensity by 13% (per U.S. dollar of revenue) from 2022 to 2023.
- In 2023, reduced 330,000 metric tons of CO2 equivalent (CO2e) emissions through circular practices aimed at minimizing waste.
- Transition Technologies portfolio avoided over 830,000 metric tons of CO2e for customers’ operations.
- In 2023, 52 facilities worldwide underwent human rights due diligence, resulting in improvement to working conditions. 462 suppliers also underwent human rights due diligence via self-assessments or SLB audits.
- Improved water measurement capabilities for usage and tracking in 100% of facilities, and in specific business lines with high water consumption.
- 60% of senior-level facility managers received sustainability training to catalyze sustainable behavior change within company facilities.
- In 2023, began deploying a sustainable lithium production project in Nevada, using 15% of the water, 7% of the land, and reducing emissions by 60-80%, compared to current practices.
Recent News
2023
Launched its carbon storage screening and ranking solution, which increases confidence in site selection based on their long-term integrity and economic potential. The solution uses both technical and nontechnical data to provide a detailed assessment of capacity and economic viability of storage sites. (Oct 2023)
2022
The oilfield services company, Schlumberger, announced its new name, SLB, and its shift to becoming a global technology company “focused on driving energy innovation for a balanced planet.” This includes transition technologies that can reduce CO2 and methane emissions from oil and gas operations as well as new solutions such as clean hydrogen, geothermal, and CCUS. (Oct 2022)
CFO Coalition for the SDGs — 70 Chief Financial Officers (CFOs), including those of CEF member companies BASF, SLB (Schlumberger), Schneider Electric, & Unilever, have joined the Leadership Group for a new coalition launched by the UN Global Compact to help integrate the Sustainable Development Goals (SDGs) in corporate finance and create a market for mainstream SDG investments. CFOs in the group will help develop recommendations, frameworks, and best practices to guide corporate investments towards the SDGs. The Coalition aims to (April 2022):
- Leverage commitments from CFOs in the Coalition ($500 billion already committed) to direct trillions of corporate investments towards the SDGs and create a $10 trillion market for SDG-directed finance by 2030.
- Expand the CFO Leadership Group from 70 to 100 CFOs by 2022.
- Encourage 1,000 CFO Signatories to the CFO Principles on Integrated SDG Investments and Finance by 2024.
2021
SLB (Schlumberger) committed to achieving net zero by 2050 with minimal reliance on offsets.
It also announced interim goals of
achieving a 30% reduction in Scopes 1 and 2 by 2025 and a
50% reduction in Scopes 1 and 2; and a
30% reduction in Scope 3 by 2030.
(June 2021)
MORE »
Chevron announced a partnership with Microsoft, SLB (Schlumberger), and Clean Energy Systems to build a carbon capture plant in California to convert agricultural biomass to electricity and store almost all the carbon captured in the conversion underground. The plant is expected to use about 200,000 tons of agricultural waste and remove roughly 300,000 tons of carbon dioxide annually. (March 2021)