Sustainability
Managing our impacts
Article SLB Releases Second Women and Pay Report
SLB recently released its report: 2023 Women and Pay—Driving Gender Balance in Schlumberger.
Creating in-country value
Wherever we operate, we want to make sure that host countries and local communities benefit socially and economically from our business growth and investment
For many years, we have maintained a commitment to avoid harm, invest in and have a positive impact on the communities where we live and operate. We've set out these commitments in our Code of Conduct and Human Rights Position Statement.
We adopt a local view of operations and work closely with our customers to maintain a safe operating environment and deliver expected benefits so that both communities and the energy industry can prosper.
We support economic opportunity
In each geography where we operate, we prioritize recruiting local personnel, partnering with in-country suppliers, and developing regional technical capabilities. These efforts help build a sustainable base for the energy industry, strengthen supply chains, and contribute to the development of better societies.
We invest in communities
By recruiting, hiring, and training where we work, sourcing from diverse local suppliers, and developing locally focused technology and manufacturing strategies.
We maintain safe environment
By reducing exposure to safety incidents and safeguarding people's mental health and wellbeing.
Social investment
In alignment with the UN Sustainable Development Goals (SDGs), we work to address local challenges and drive positive impact in our communities. We believe that the most sustainable social investments bring shared value delivering both tangible societal benefits and business results.
We have assessed SDG gaps for the countries where we have a physical presence, based on input from local teams, publicly available data, and interviews with local external stakeholders. And we empower our local teams to take ownership of their sustainability strategies enabled by learning and development opportunities, a capital allocation program, and our sustainability champion global network.
People
Educational outreach
We believe in empowering women and young people through quality education. It can have a transformative effect on individuals and makes a powerful contribution to the communities where we work and live. Our educational outreach programs focus on science, technology, engineering, and mathematics (STEM) subjects.
Sustainability
Delivering impact where we work
Leveraging the enablers and accelerators of our sustainability framework
Delivering local content
Different countries and operations have varying requirements for local content—using domestically supplied goods and services. Not only do we comply with both regulatory and contractual requirements, but we also try to go further and contribute to sustainable development. To that end, we implement local content plans and in house programs that support supplier development and enhance the scale and quality of local procurement.
Measurement
To prioritize areas of investment at the local level, we continue to refine our internal digital sustainability impact platform to support the complex task of quantifying impacts and demonstrating value.
Empowering local teams
Since 2022, our Sustainability Impact Awards have allocated capital to local teams around the globe to design and deliver high-impact projects that have a sustainable impact in our operations and facilities, and in the communities where we work and live—now and in the future.
Partnerships
Our local teams enter into high-impact partnerships with local organizations to deepen our in-country value by focusing our initiatives where they can support the socioeconomic empowerment of our local communities.
Technology and innovation
Building on our strengths, we continue to look for opportunities to improve sustainability impact through technology. One example is through providing opportunities for digital collaboration and STEM education.
Awards
Sustainability Impact Awards
Capital allocation plays an important role in helping us meet our sustainability commitments and drive in-country value through community and business investment. Our SLB Sustainability Impact Awards, launched in 2022, allocate capital to local teams around the globe to design, select, and deliver high-impact, innovative, scalable, and replicable sustainability projects. Through this program we champion projects that have a sustainable impact in our operations and facilities, and in the communities where we work and live—now and in the future.
Positive impacts
- SDG focus: Alignment with local priorities and country concerns
- Sustainability focus: Alignment with corporate aims and objectives
- SMART outcomes mapped to SDG targets
Business impacts
- Growth: Create new opportunities for business growth
- Productivity: Improve operational efficiency, human capital management, or pricing power
- Risk management: Manage operational, legal, as well as reputational and supply chain risk
Stakeholder impacts
- Customer collaboration: Clear customer synergies
- Employee involvement: Employees engaged, championing and volunteering
- Strategic partnerships: Clear external collaboration or partnerships
The content of this publication has not been approved by the United Nations and does not reflect the views of the United Nations or its officials or Member States.
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