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2019 Global Stewardship Report Schlumberger Limited Contents 2019 Global Stewardship Report Schlumberger Limited Contents Governance and Ethics 4 Environment and Climate 11 Social and Community 21 Index and Data 47 Corporate Governance 4 Managing Environmental Risk 12 Education 22 Frameworks 48 Ethics and Compliance 7 Environmental Performance Data 16 Health and Safety 24 Global Reporting Initiative Standards (GRI) 48 Key Environmental Issues 17 Human Rights 38 Sustainability Accounting Standards Board (SASB) 50 Technology Advantage 19 Stakeholder Engagement 41 Task Force on Climate-Related Schlumberger New Energy 20 Employment and Human Capital 43 Financial Disclosures (TCFD) 52 United Nations Sustainable Development Goals Mapping (UN SDGs) 53 Performance Data 56 Our Sustainability Focus The energy industry is changing, and Schlumberger’s vision is to define and drive high performance, sustainably. Our core competence is to enable our customers to operate safely, efficiently, effectively, and in an environmentally responsible manner. Our Global Stewardship program addresses: .» identifying and managing opportunities and risks associated with the energy transition and climate change .» protecting the environment .» investing in and engaging with the communities where we and our customers live and work .» respecting human rights and promoting diversity 1 GOVERNANCE ENVIRONMENT SOCIAL INDEX Introduction 2019 Global Stewardship Report Message from the CEO Schlumberger’s vision is to define and drive high performance, sustainably. We are focused on our purpose: creating amazing technology that unlocks access to energy, for the benefit of all. chlumberger is committed to being at the forefront us what we are. Schlumberger seeks to continually The United Nations Sustainable Development Goals change. These efforts will be in and beyond oil and Sof our industry’s shift toward more sustainable increase diversity and promote inclusion in our continue to serve as a primary framework for translating gas, strengthening our commitment to provide energy production—challenging not only ourselves, workforce, supply chains, and communities where our corporate priorities into locally relevant social and customers with innovative energy technologies. but also our customers, suppliers, and peers to partner we work and live. We believe caring for people environmental programs. Our focus on addressing climate on delivering measurable social and environmental and communities is fundamental to drive better change aligns to recommendations made by the Task I am proud of the achievements we have made in 2019 progress. We are uniquely positioned to impact both performance for all our stakeholders; this is why Force on Climate-related Financial Disclosures (TCFD) to advance sustainability. I would like to thank our our own environmental and social footprint and to help sustainability is at the core of everything we do. —efforts we proudly support. Additionally, we view employees, customers, suppliers, and partners for our customers reach their goals. Our corporate Recent events have increased the sense of urgency the Sustainability Accounting Standards Board (SASB) their dedication and support in delivering the results in purpose reiterates our commitment to being a more and reinforced our commitment to industry-wide metrics as relevant to our management of both financial this report. Our industry has an important role to play sustainable industry partner. sustainability. and non-financial risks related to ESG performance. in the future of energy, and Schlumberger is evolving Our commitment to transparency on key ESG priorities for that exciting future. We continue to build the The health and safety of our people, customers, Indeed, companies across all industries are being will strengthen our contributions to sustainable change Schlumberger of tomorrow to define and drive high contractors, and surrounding communities have challenged to innovate and create more value while beyond our own environmental footprint. performance, sustainably. always been a top priority in Schlumberger, and this strengthening positive environmental and social has been in sharper focus during the recent pandemic. performance. I personally accept this challenge We are proud that in 2019, our company became the Sincerely, I am very proud of the example the people of and commit to added accountability, transparency, first in upstream exploration and production services Schlumberger have set by responding with resilience and stakeholder engagement across our ESG to commit to setting a Science Based Targets initiative and generosity, and for safely continuing to deliver strategic elements. to reduce greenhouse gas emissions. This is significant, high performance for customers and making because it challenges us with targets verified by the meaningful contributions to the health of our We believe good stewardship starts with committing Science Based Targets initiative, not only to reduce Olivier Le Peuch communities. In 2019, we achieved the lowest total to change, and accountability starts with setting key our fuel and power consumption, but to also work with Chief Executive Officer recordable injury frequency and automotive accident corporate goals and targets with the right governance our suppliers and customers to reduce their consumption. rate Schlumberger has ever recorded. in place to ensure we make progress. Two of our We will set our reduction target, in line with SBTi’s stewardship ambitions for 2025 are a salaried defined criteria, by 2021. In this context, you can see our culture of stewardship workforce comprising 25% women and a reduction grows from one of our long-established values— of our Scope 1 and 2 emissions by 30%. My global Through strong collaboration with our business people. Exceptional people join us from around the management teams and I share both these goals in partners across our industry, we are committed to world because of who we are—and then they make key objectives that are tied to annual compensation. making measurable progress in addressing climate 2 GOVERNANCE ENVIRONMENT SOCIAL INDEX Introduction 2019 Global Stewardship Report 2019 Revenue Contribution North 82,000 Middle East, America 33% Approximate Number of Employees Worldwide 30% Asia (as of Sept 30, 2020) Latin America 13% + + Europe, 170 120 Other 1% 23% CIS, Africa Nationalities Countries 2019 Nationality Mix Founded in 1926, Schlumberger is the world’s leading provider of technology and digital solutions for reservoir characterization, drilling, production, and processing to the energy industry. Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through North Latin production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver America 24% 9% America reservoir performance sustainably. Schlumberger has executive offices in Paris, Houston, London, and The Hague. With product sales and services in more than 120 countries and employing approximately 82,000 people as of the end of third quarter of 2020 who represent over 170 nationalities, Schlumberger attracts talented people from around the world. As of December 2019, Schlumberger employed approximately 105,000 people who represented Middle East, Europe, over 170 nationalities. This broad range of perspectives—experience, education, geography, nationality, Asia 33% 34% CIS, Africa culture, gender, and age—stimulates creativity and innovation, helping us maintain our competitive edge. Moreover, our diverse workforce is better able to understand, respond to, and deliver services and products that meet the unique expectations and requirements of our stakeholders, including our customers, suppliers, and stockholders. Learn more about the Schlumberger commitment to Global Stewardship: www.slb.com/globalstewardship 3 GOVERNANCE ENVIRONMENT SOCIAL INDEX Governance and Ethics 2019 Global Stewardship Report Governance and Ethics Schlumberger is committed to excellence in everything we do, and we strive to maintain the trust and confidence of our customers and stockholders as well as other stakeholders affected by our operations. Our commitment to sound principles of corporate governance and ethics sets the foundation of our Global Stewardship program. We aim to operate in a consistent and transparent way. Our reputation for integrity and fair dealing is vitally important in winning and retaining the trust of our stakeholders. When we are clearly seen to behave in an ethical manner, we enhance our reputation for integrity, which helps us attract and retain customers and employees. Corporate Governance evaluation of director nominees takes into account their ability to Diversity contribute to the Board’s diversity, and the N&G Committee annually With approximately 82,000 employees who represent over 170 nationalities, Board of Directors reviews its effectiveness in balancing these considerations when Schlumberger and our Board of Directors value gender, cultural, and The Schlumberger Board of Directors (Board) consists of nine members, considering director nominees. geographic diversity. Two of our nine directors are women. Among our including an independent Chairman of the Board, six additional independent directors, three are citizens of the United States, three are citizens of directors, and one executive director. Our director independence Structure France, one is a citizen of Saudi Arabia, one is a dual citizen of both standards meet or exceed the independence requirements of the The Board recognizes that one
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