Baker Hughes 2014 Annual Report Download - page 22

Our water management business
treated more than 100 million
barrels of produced water
in 2014, helping customers reuse
and recycle the water used in
hydraulic fracturing, and achieving
nearly $300 million in revenue.
The BrineCare™ solution, introduced
in 2014, also enables operators to
use produced water in their
hydraulic fracturing operations.
This reduces their dependence
on fresh water, eliminates the need
for transportation by truck,
and minimizes their disposal
requirements. Our horizontal drilling
technologies, led by the AutoTrak™
Curve rotary steerable system,
ensure faster and more efficient
drilling, accelerating time
to production and reducing
the days-on-rig count. And the
ProductionWave™ production
solution, which combines our
artificial lift technologies with our
production chemicals, eliminates
the emissions and leakage of
rod pump technologies, ensuring
a cleaner environment.
These differentiating technologies
deliver strong financial, environ-
mental, and sustainability results
for our industry.
FOCUSINGONOURWORLD
We believe that we are partners
in every community in which we
live and work, and our engagement
in those communities is an
increasing part of our business.
The strength of our social respon-
sibility is the combination of
corporate engagement and the
efforts of our employees,
who take personal pride in making
a difference in their communities.
We also believe in the strength that
diversity brings, and our veterans
program is one example of this
belief in action. Begun in 2013 with
a goal of hiring one veteran per
day, the program added 468 new
veterans to the Baker Hughes family
in 2014 – exceeding our goal and
adding a wealth of expertise
and leadership to the company.
Beyond active participation and
recruitment within our commu-
nities, we take our role as socially
responsible citizens very seriously.
In October 2014, we took a stand
to disclose a complete, detailed,
and public listing of the chemical
constituents used in the hydraulic
fracturing fluids for all of the
wells we fracture – becoming
the first company in our industry
to do so. This disclosure is designed
to increase public understanding
about our products, protect
our proprietary formulations, and
advance commercial innovation –
all of which are critical factors
in our focus on ever more effective,
efficient, and sustainable
hydraulic fracturing chemistry.
During 2014, our commitment
to sustainability earned us several
awards and honors. Highlights of
our sustainability recognitions are:
Newsweek’s Green Rankings
Ranked #20 for the world, and
top in energy sector
Dow Jones Sustainability World
Index and North America Index
Sustainability leader in oil
and equipment services sector
CR Magazine’s 100 Best
Corporate Citizens 2014 List
Highest-ranked oilfield services
company
Carbon Disclosure Project (CDP)
Highest-ranked service company
Bloomberg ESG Disclosure Index
Leader in oil and gas services,
equipment sector
Corporate Knights’ 100 Most
Sustainable Corporations
Only company from oil and
equipment services sector on
the list
Sustainalytics ESG Ranking
Second in oil and energy services
equipment sector
Civic 50: Energy Sector
Highest-ranked service company
While these honors are the
direct result of simply doing the
right thing, they also bring value
to our investors. Sustainability
performance as a key decision-
making factor for investment
is now essential, and its importance
is increasing.
Such recognition validates and
reinforces our culture of respon-
sibility and builds momentum.
Our employees continue to ask
the questions that lead to more
sustainable processes and practices,
and to help our company support
a sustainable future.
Baker Hughes Supports
Houston Landmark
As part of our Houston community,
the Baker Hughes Foundation recently
donated $10,000 to assist in the resto-
ration of Battleship Texas.
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