Stakeholder engagement is critical to supporting our governance and sustainability efforts
Our employees continued to deploy their skills to support the communities where we live and work. The focus of our community volunteering program is to
Our employees logged more than 1,700 days of total volunteering time, captured in our global time tracking tool.
We focused on engaging major customers, reducing and avoiding customer emissions, collaborating on sustainability initiatives, and contributing to carbon footprint reduction partnerships. Our dedication extends beyond operational decarbonization and digital for our customers; it involves developing cutting-edge Transition Technologies™ to minimize environmental impact throughout the exploration and production life cycle. This portfolio—featuring solutions including geothermal and geoenergy, carbon capture and storage, sustainable lithium production, measuring and eliminating methane, and hydrogen business—exemplifies our collaborative efforts with customers for sustainable practices.
Governments and policymakers actively seek SLB experts for their knowledge and experience in various aspects of the oil and gas industry. SLB is politically neutral, but offers technical support to regulatory officials interested in gaining practical insights into technologies and processes that mitigate emissions and reduce our industry’s carbon footprint. SLB does not use corporate funds or resources for political campaign contributions or advocacy, but we do pay regular dues to industry groups as necessary for membership. We work with various think tanks and non-governmental organizations, some of which wield policy influence, to collectively support industry initiatives, including those focused on sustainability and decarbonization efforts.
Launched in Europe, the Sustainability Roadshow program aims to raise awareness about SLB’s commitment to sustainability aligned with its climate action, people, and nature priorities. Over 35 roadshows engaging more than 2,000 employees improved employee engagement and understanding of the organizational priorities.
Boasting more than 3,500 members, the SLB Leadership Special Interest Group (SIG) remains a decade-strong, inclusive group dedicated to maximizing diversity and leadership development. Symposia, mentoring circles, and other activities facilitate a robust exchange of ideas, with a focus on instilling leadership and promoting diversity and inclusion.
Leadership SIG recently hosted its annual Engage in Leadership Symposium at the United Way of Greater Houston. In honor of the SIG’s 10th anniversary, this year’s theme was “Celebrate the Leader in You.” A variety of key topics from our cultural framework were covered, including leading with respect, focusing on what matters most, and championing experimentation, learning, and growth. As we continue to evolve our culture around our three core values of people, technology, and performance (including the nine behaviors associated with them), leadership is an important part of making this evolution a success.
With more than 3,500 members, this SIG serves as a hub for discussing environmental, social, and biodiversity concerns.
With more than 2,300 members, Energy Transition SIG is a driving force behind SLB's net-zero goals. Noteworthy events such as Energy Transition Week, drawing 4,350+ views, spotlight our advancements.
With more than 3,550 members, the SIG's aim is to cover technology and market developments in carbon capture to foster innovation, engagement, and learning among its members.
Through its annual Engage to Excel program, SLB conducts a global engagement survey to assess employee engagement across multiple areas, such as manager effectiveness, inclusion, and performance. In 2024, participation in the survey was 93%, and overall employee engagement stood at 74%, stable from 2023. The latest results show stable sentiment that SLB is actively delivering on its commitment to sustainability at 81%.
Beyond simply collecting feedback, the program’s impact resides in action plans that each team implements based on their respective engagement results. From insights to actions, the program is central to SLB’s culture and commitment to providing a safe, rewarding, and fulfilling work environment where our people can perform.
Our university engagements are pivotal for recruiting and sustainability. We support STEM education, research, and attract diverse, talented graduates from local universities in our operating countries.
SLB joined more than 200 forward-thinking companies as a member of the World Business Council for Sustainable Development (WBCSD).
We attended the 29th meeting of the Conference of the Parties to the UNFCCC (COP29). We firmly believe the oil and gas industry must have a seat at the table in climate change negotiations, and in 2024, we were proud to participate in COP29. As a leading technology provider with tangible solutions, we demonstrated our role as a change agent for decarbonization and new energy innovation with industry leaders, governments, investors, customers, climate advisors, non-governmental organizations, youth groups, and the general public.
Alongside our industry-leading peers at the Reuters Events™ Global Energy Transition 2023 and Responsible Business Awards, we signed a collective vision of the global energy transition. Through collaboration, we will accelerate the speed of innovation for a decarbonized, diversified, and digitalized energy system.
Transition Technologies is a mark of SLB.
Other company, product, and service names are the properties of their respective owners.
