Halliburton has committed to setting science-based targets to reduce greenhouse gas emissions, as the US services contractor giant joins a growing list of industry heavyweights pushing forward their energy transition agendas.
Halliburton on Thursday said it had submitted its commitment letter to the Science Based Targets Initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature.
CDP, formerly known as Carbon Disclosure Project, is a not-for-profit organisation that helps companies and cities disclose their environmental impact.
With this commitment, the US contractor next year will submit targets with pending SBTi validation by 2022.
Halliburton joins more than 1000 global companies that have committed to set emissions reduction targets grounded in climate science through the SBTi.
“Our SBTi commitment reinforces our sustainability goals while helping our customers provide the world with affordable and reliable energy,” said Halliburton chief executive Jeff Miller.
“Our industry plays an important role in reducing greenhouse gas emissions and provides us a great opportunity to do what we do best: Innovate, collaborate and execute to drive efficiencies and affect change.”
Science-based targets are emissions reduction targets in line with what the latest climate science outlines is required to meet the Paris Accord goals that seek to limit global warming to less than 2 degrees Celsius above pre-industrial levels, noted Halliburton.