Better Health for All

Schlumberger's core business in the oil and gas industry is associated with significant negative health impacts. In 2022, Houston residents raised concerns about potential health risks from a facility storing radioactive materials, challenging an EPA waiver for an Environmental Impact Assessment, which indicates incomplete risk disclosures.

A 2011 lawsuit alleged hexavalent chromium contamination in water supplies in Midland County, Texas, causing health risks, which Schlumberger denied. The company has undertaken substantial mitigation efforts, including a 9% reduction in freshwater consumption and diverting 200,000 metric tons of material from landfills. It also developed digital solutions to reduce greenhouse gas emissions, aiming to reduce pollution-related health risks. In 2018, Schlumberger launched a joint initiative with the American Heart Association to promote heart health among employees and local communities, featuring interactive learning tools and opening facilities to local youth programs to raise health awareness.

Fair Money & Economic Opportunity

SLB.US operates in the oil and gas sector, providing services and equipment, and does not engage in financial services such as lending, deposits, or consumer credit products.

Therefore, all KPIs related to fair money and economic opportunity, which are designed for financial institutions, are not applicable to its core business. The company's community initiatives, such as the SEED program and the She Is Astronaut program, focus on STEM education for underprivileged youth, with 24 girls participating in 2024 and over 1,000 students in Sub-Saharan Africa in 2021. In 2024, SLB made 20 community investments supporting STEM education, inclusion, and living conditions. While these are positive community contributions, they do not involve financial inclusion or the provision of financial services to underserved populations, nor do they constitute community finance reinvestment as defined by the rubric.

Fair Pay & Worker Respect

In November 2024, SLB reported a global median pay gap of 1.76% favoring male employees, indicating women earn 98.24% of men's median pay.

This shows progress from a 2.68% gap reported in 2022. The company aims to achieve 30% women in its salaried workforce by 2030. Regarding labor practices, Schlumberger settled a class-action lawsuit in 2017 for $1.35 million over unpaid overtime. While a sexual harassment lawsuit was filed in 2020, a jury found SLB not liable for the claims in July 2023. There are no other substantiated labor-law or human-rights violations reported within the past three years.

Fair Trade & Ethical Sourcing

Potential suppliers are selected and retained only after evidencing in writing their adherence to the SLB Code of Conduct.

Failure to comply with working conditions requirements or resolve labor rights issues within a predefined timescale may incur a contractual penalty for suppliers. In 2024, more than 750 suppliers underwent human rights due diligence. SLB prohibits any use or contracting, directly or indirectly, of slavery, human trafficking, child labor, or any form of forced labor. The company is committed to responsible sourcing of materials, focusing on conflict minerals like tin, tungsten, tantalum, and gold, aligning with OECD guidelines and expecting direct suppliers to perform similar due diligence. Corrective actions are taken for non-compliance related to conflict minerals. SLB received an A rating from CDP Supply Chain in 2024.

Honest & Fair Business

SLB has a comprehensive whistleblower policy that prohibits retaliation for good faith reporting.

It provides confidential and anonymous reporting in over 150 languages. through a 24-hour EthicsLine, which is managed by a third-party provider. Regular ethics and compliance training is provided to employees and relevant contractors. SLB maintains a zero-tolerance stance on corruption. supported by a comprehensive Code of Conduct updated in May 2023. The company employs an Ethics and Compliance (E&C) program, including an E&C Risk Map for corruption and an Annual Compliance Plan. It uses a risk-based approach for agents, processed through the Dow Jones’ Risk Center Third Party (RCTP) platform for due diligence and continuous monitoring. and conducts audits to promote compliance.

Kind to Animals

Schlumberger's operations have directly impacted animal habitats and wildlife. The company agreed to pay over $6.2 million for cleanup at the Crab Orchard National Wildlife Refuge Superfund site due to contamination posing significant risks to local wildlife and ecosystems

. Additionally, Schlumberger settled for $11.8 million for natural resource damages from PCB contamination in Twelvemile Creek , committing to stream restoration and dam removal with further restoration activities estimated at $8 to $10 million . Concerns have also been raised regarding the potential harm to marine life, such as whales and dolphins, from the company's seismic testing technology used in South Africa's Wild Coast . These instances demonstrate direct habitat destruction and potential harm to wildlife, with no evidence of proactive conservation initiatives.

No War, No Weapons

Schlumberger continues to operate and expand its business in Russia, a country involved in an active conflict, generating 6% of its total revenue in the first nine months of 2022.

This has led to the National Agency on Corruption Prevention (NACP) of Ukraine listing the company as an international war sponsor. The company also cooperates with Russian authorities by delivering military draft notices to its employees, which has raised human rights concerns and scrutiny from human rights organizations. These actions demonstrate a lack of divestment from conflict zones, a failure in human rights due diligence, and non-compliance with ethical standards related to conflict.

Planet-Friendly Business

SLB's total Scope 1, 2, and 3 emissions for FY2024 were 36.115 million tCO2e, representing a 10% decrease from 40.123 million tCO2e in FY2023.

The company has a net-zero target for 2050, with interim goals to reduce Scope 1 and 2 emissions by 30% by 2025 and Scope 3 emissions by 30% by 2030, both from a 2019 baseline. However, these targets are not explicitly stated as Science-Based Targets initiative (SBTi) validated. In 2024, 38% of the electricity used at global sites came from renewable sources. Water use was 109.26 m³ per $1 million revenue in FY2024. The waste diversion rate was 44.79% in FY2024. For supply chain climate transparency, 67% of total Scope 3 upstream emissions were covered by engaged suppliers in FY2024. The company recorded two environmental violations in 2022 and two in 2024. Sustainability reporting aligns with TCFD recommendations, but specific details on scenario analysis within these disclosures are not provided. The company has minimal pilot projects related to biodiversity, with 6 nature-based projects in 2025 and 8 in 2024.

Respect for Cultures & Communities

SLB has no reported cultural appropriation incidents.

The company implements a Social and Environmental Management Standard that includes guidance on indigenous peoples and cultural heritage, and no incidents disrupting cultural or heritage sites have been reported. Standard grievance mechanisms are available, including reporting options outlined in the Code of Conduct and a 'Contact an Expert' link for human rights policy inquiries.

Safe & Smart Tech

No scorable evidence was found across the provided articles for any of the 'Safe & Smart Tech' KPIs. While the articles mention cybersecurity measures, AI development, and a specific platform certification (SOC 2 Type 2 for Delfi

), they lack the specific, quantifiable data points required by the rubric to assess company-wide performance for any of the defined KPIs, such as the frequency or scale of data breaches, percentage of revenue invested in cybersecurity, or the breadth of certifications across the entire organization.

Zero Waste & Sustainable Products

SLB demonstrates strong material efficiency, with its EcoShield geopolymer cement-free system eliminating up to 85% of embodied emissions by utilizing industrial waste streams and locally sourced materials

. The NeoLith Energy direct lithium extraction process achieves a 96% lithium recovery rate from brine . These initiatives, along with the EverCRETE CO₂-resistant cement which incorporates reduced portland cement , and the Zero-Flaring Well Test and Cleanup technique that reduces up to 80,000 tons of CO₂ emissions by eliminating flaring , reflect the integration of circular design principles and multiple waste reduction efforts.