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Halliburton recognizes that meeting the world’s energy needs requires both reliable oil and gas and continued progress in reducing emissions across the energy sector. We have inspiring work underway to reduce emissions, improve efficiency, and advance cleaner energy solutions as part of our commitment to a sustainable, secure, and equitable energy future.

Halliburton emission reduction goals

  • Target: 40% Scope 1 reduction by 2035 from 2018 baseline
  • Ambition: 40% Scope 2 reduction by 2035 from 2018 baseline
  • Support our customers in reducing their emissions

Strategy

Innovation

  • We are embedding consideration of climate change risks and sustainability in research and development processes.
  • Our teams are collaborating with research organizations and educational institutions to further the development of sustainable solutions for the energy industry.
  • We are leveraging our subsurface, well-construction, and engineering expertise to deliver services across emerging low-carbon and new energy markets, including geothermal, hydrogen storage and transport, CCUS, and other clean-energy applications.
  • Our Halliburton Labs support advancement of clean energy and climate ventures using Halliburton's extensive knowledge and experience.

Value chain

  • Halliburton is developing products and services that enable customers to reduce environmental impacts throughout the asset life cycle.
  • We are assisting customers in effectively utilizing our entire portfolio of products and services to help reduce GHG emissions.
  • We are working with suppliers to reduce the environmental impacts of their operations and reduce the GHG emissions of their products — during and at the end of their useful lives.

Direct operations

  • In our own operations, we are reducing GHG emissions from our own activities while maintaining the safety and efficiency of our operations.
  • We are continually evaluating the impacts of changing weather and climate on our operations and developing appropriate sustainable strategies.
  • We are engaging our employees on climate change and sustainability issues and the actions they can take to reduce GHG emissions and conserve resources.

Compliance and transparency

  • Halliburton is ensuring compliance with all applicable environmental laws and regulations.
  • We regularly report our progress toward effective sustainability and stewardship of our business and the advancement of these goals.

Climate-risk scenario analysis

Halliburton follows the guidance from the Task Force on Climate-Related Financial Disclosures (TCFD) to perform qualitative climate-scenario analysis. This has reinforced our sustainability strategy and informed our goals.

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