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Baker Hughes Holdings

BH

Baker Hughes is a global energy technology company focusing on low-carbon industrial solutions.

Lobbying Activity

Meeting with Jan Farský (Member of the European Parliament) and European Geothermal Energy Council and

26 Nov 2025 · Support to geothermal energy

Meeting with Ekaterina Zaharieva (Commissioner)

15 Oct 2025 · • EU R&I related to clean tech • Portfolio-related simplification agenda • Choose Europe initiative

Baker Hughes Urges EU Strategy to Boost Geothermal Energy

9 Oct 2025
Topic — The Commission is consulting on a strategy to decarbonize heating and cooling systems.
Message — Baker Hughes recommends developing an EU Geothermal Strategy and Action Plan to unlock energy potential. They suggest streamlining licensing and permitting while providing public funds for resource data collection.123
Why — The company would benefit by applying its existing oil and gas expertise to geothermal projects.4
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Response to Electrification Action Plan

9 Oct 2025

Baker Hughes is a leading energy technology company that provides solutions for energy and industrial customers worldwide. We design, manufacture, and service transformative technologies to help take energy forward making it safer, cleaner, and more efficient for the people and the planet. While we operate globally, Europe remains a strategic market and corporate hub for Baker Hughes. Across the EU, Norway and the UK, Baker Hughes employs approximately 17,000 people in engineering, manufacturing, and research and development roles. Baker Hughes supports the Paris Agreement objectives and stands ready to provide support to various jurisdictions to achieve their energy and climate goals. We believe that climate change is one of the most significant challenges facing the world and warrants meaningful action to reduce the environmental impact of the energy industry on our planet. By scaling up renewable energy sources, countries can reduce their emissions in line with the Paris Agreement goals. In this context, geothermal energy, with its diverse applications to electricity, heating, cooling, and even development of natural resources such as lithium, can play an important role in achieving the EU climate and energy security goals. Additionally, geothermal energy leverages the expertise from the oil and gas industry, requiring expertise in geology, drilling, and reservoir management. Given the increased EU targets for renewable energy and for renewable hydrogen, fast development and deployment of renewable energy projects, including geothermal ones, across the EU is needed. Baker Hughes, therefore, welcomes the European Commissions consultation on the Electrification Action Plan and would like to offer the below observations on the role of geothermal in power generation and provide a set of recommendations that will unlock the potential of this energy source: 1. Develop an EU Geothermal Strategy and Action Plan 2. Streamline licensing and permitting processes 3. Provide public funds for the collection and sharing of national data on geothermal resources 4. Expand risk mitigation schemes 5. Promote innovation in next generation geothermal technologies 6. Support infrastructure investment, including grid integration and hybrid systems combining geothermal with other renewables Further details can be found in the attachment.
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Baker Hughes urges flexible rules for CBAM reporting

25 Sept 2025
Topic — The initiative defines how embedded emissions are calculated for the CBAM definitive period.
Message — The group suggests using default values and alternative methods to calculate emissions. They also propose verification thresholds and phase-in periods to reduce risks.12
Why — This would lower administrative burdens and reduce the technical risks of compliance.34
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Meeting with Michał Wawrykiewicz (Member of the European Parliament) and TotalEnergies SE and

10 Sept 2025 · OMNIBUS I

Meeting with András Tivadar Kulja (Member of the European Parliament)

4 Sept 2025 · EU's energy transition, PFAS

Baker Hughes urges competitiveness assessment before expanding CBAM

26 Aug 2025
Topic — The European Commission is considering extending carbon border taxes to more downstream products.
Message — Baker Hughes recommends allowing "default values if actual data is not available" to simplify reporting requirements. They advocate for "verification thresholds and phase-in period to minimize risks with the implementation." Finally, they suggest the EU "leverage existing customs platforms to optimize CBAM implementation."123
Why — These measures would reduce administrative complexity and "minimize risks with the implementation" for the company.45
Impact — Climate transparency may suffer if firms "use a set of default values" instead of actual data.6
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Meeting with Dan Dionisie (Head of Unit Justice and Consumers)

22 May 2025 · Exchange views on the ‘Omnibus I’ proposal regarding CSDDD

Meeting with Cristina Dias (Cabinet of Commissioner Maria Luís Albuquerque), Lauro Panella (Cabinet of Commissioner Maria Luís Albuquerque)

21 May 2025 · • Geothermal energy production • Liquefied gas

Meeting with Astrid Dentler (Cabinet of Commissioner Wopke Hoekstra), Katarina Koszeghy (Cabinet of Commissioner Wopke Hoekstra)

21 May 2025 · Sustainability reporting; decarbonisation pathways

Meeting with Elena Arveras (Cabinet of Commissioner Maria Luís Albuquerque)

21 May 2025 · Sustainability Omnibus

Meeting with Sven Gentner (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

21 May 2025 · Omnibus I Simplification proposals on CSRD

Meeting with Fiona Knab-Lunny (Cabinet of Commissioner Michael McGrath)

21 May 2025 · Exchange on the first sustainability Omnibus

Meeting with Kurt Vandenberghe (Director-General Climate Action)

5 May 2025 · Clean Industrial Deal

Meeting with Ditte Juul-Joergensen (Director-General Energy)

5 May 2025 · LNG, geothermal energy

Meeting with Gert Jan Koopman (Director-General Enlargement and Eastern Neighbourhood)

5 May 2025 · Ukraine investment and cooperation opportunities

Meeting with Agnese Dagile (Cabinet of Executive Vice-President Raffaele Fitto)

9 Apr 2025 · Modernisation of Cohesion policy, energy solutions for Europe

Meeting with Martin Hojsík (Member of the European Parliament) and Dow Europe GmbH and

13 Mar 2025 · Chemical policies, REACH

Meeting with Vita Jukne (Cabinet of Commissioner Jessika Roswall)

11 Mar 2025 · Possible impacts of banning PFAS

Meeting with Nicolo Brignoli (Cabinet of Commissioner Valdis Dombrovskis)

5 Mar 2025 · CSRD

Meeting with Nicola Zingaretti (Member of the European Parliament)

4 Mar 2025 · gas infrastructure and energy technologies

Meeting with Eva Maydell (Member of the European Parliament)

12 Dec 2024 · EU Energy Agenda

Response to Establishment of the CBAM Registry

27 Nov 2024

Baker Hughes is a leading energy technology company that provides solutions for energy and industrial customers worldwide. We design, manufacture, and service transformative technologies to help take energy forward making it safer, cleaner, and more efficient for the people and the planet. While we operate globally, Europe is a key market and corporate home for Baker Hughes. Across the EU, Norway and the UK, Baker Hughes employs approximately 17,000 people in engineering, manufacturing, and research and development roles. Having gained valuable insights during the Carbon Border Adjustment Mechanism (CBAM) reporting cycle, we would like to share our observations and recommendations in relation to the upcoming supplementary CBAM legislation. Additionally, we have provided comments on the future legislative steps regarding the requirements and the expansion of the EU CBAM. Recommendation: Ensure smooth submission of data via the CBAM registry. As a truly European company with numerous legal entities across various EU countries, we are currently required to manage a separate Economic Operators Registration and Identification (EORI) for each of our entities that need to comply with the CBAM requirements. This necessitates the appointment of a declarant with access to the CBAM transitional registry for each legal entity, meaning we need around 30 trained staff members to ensure compliance with CBAM requirements across our operations. At present, this situation is resource- and time-intensive, placing a significant administrative burden on our teams. To streamline this process and improve operational efficiency, we recommend introducing the option to allocate multiple EORIs to one declarant within the permanent CBAM registry. By centralizing the process and appointing fewer declarants, we believe companies could simplify internal workflows, enhance the effectiveness of data collection, and ensure stronger governance to comply with the CBAM requirements. This approach would ultimately reduce the administrative load while maintaining the integrity of the regulatory framework. Further details can be found in the attachment.
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Response to Authorisation of CBAM declarants

27 Nov 2024

Baker Hughes is a leading energy technology company that provides solutions for energy and industrial customers worldwide. We design, manufacture, and service transformative technologies to help take energy forward making it safer, cleaner, and more efficient for the people and the planet. While we operate globally, Europe is a key market and corporate home for Baker Hughes. Across the EU, Norway and the UK, Baker Hughes employs approximately 17,000 people in engineering, manufacturing, and research and development roles. Having gained valuable insights during the Carbon Border Adjustment Mechanism (CBAM) reporting cycle, we would like to share our observations and recommendations in relation to the upcoming supplementary CBAM legislation. Additionally, we have provided comments on the future legislative steps regarding the requirements and the expansion of the EU CBAM. Recommendation: Clarify requirements related to guarantees. Chapter II of the draft Regulation outlines the conditions and procedures related to the status of an authorised CBAM declarant, including the requirement to register a guarantee in the CBAM registry. This guarantee is intended to cover the number of CBAM certificates that the declarant will be required to purchase in order to cover the carbon emissions embedded in imported goods. According to the draft Regulation, the amount of the guarantee will be determined by the competent authorities and is intended to ensure that companies have sufficient financial capacity to meet their CBAM obligations. While the draft Regulation provides detailed provisions on registering and adjusting guarantees, there remains an important question regarding whether companies are required to establish new guarantees specifically for CBAM or if existing guarantees (e.g., bank guarantees already in place for VAT or customs) can be used to meet these new obligations. At present, many companies already have bank guarantees which are common requirements in international trade. Given the similarities in financial guarantees for VAT and customs obligations, there is a question as to whether these existing guarantees can be used to satisfy the new CBAM requirements, or if companies will be expected to open entirely new guarantees. In light of the above considerations, we recommend that the European Commission clarifies whether companies are required to establish new bank guarantees solely for CBAM compliance or if existing guarantees (e.g., for VAT or customs) can be adjusted or repurposed to meet CBAM requirements. Further details can be found in the attachment.
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Meeting with Stefano Grassi (Cabinet of Commissioner Kadri Simson)

10 Jun 2024 · Hydrogen, new energy technologies

Meeting with Katherine Power (Cabinet of Commissioner Mairead Mcguinness), Patricia Reilly (Cabinet of Commissioner Mairead Mcguinness)

24 Jan 2024 · present Baker Hughes’ experience in corporate sustainability reporting

Meeting with Aleksandra Baranska (Cabinet of Vice-President Maroš Šefčovič)

24 Jan 2024 · Decarbonization

Meeting with Kadri Simson (Commissioner) and

9 Jan 2024 · Meeting with CCS Europe members on CCS strategy.

Meeting with Morten Petersen (Member of the European Parliament, Shadow rapporteur)

11 Oct 2023 · Geothermal

Meeting with Niels Fuglsang (Member of the European Parliament, Shadow rapporteur) and WIENER STADTWERKE GmbH

10 Oct 2023 · Geotermi

Response to European Sustainability Reporting Standards

7 Jul 2023

Baker Hughes develops and deploys technologies to help meet the worlds increasing demand for energy. By harnessing the power of engineering, data and science, we are redefining what is possible and ushering in a new era for energy. We conduct business in over 120 countries around the world. While we operate globally, Europe is a key market for Baker Hughes. We view our sustainability strategy as key to driving the transformation of our company and the energy sector. Our 2022 Corporate Sustainability Report was prepared following the Global Reporting Initiative (GRI), the Task Force on Climate-Related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB). Baker Hughes is a leader in sustainability reporting, holding an AA ESG rating by MSCI, a B rating from CDP, and a silver rating from EcoVadis. Furthermore, Baker Hughes was recognized as an "industry mover" - among over 7,800 companies - by the S&P Global Sustainability Yearbook 2023 and is No. 1 for customers in the energy equipment and services category - "a stakeholder leader" in the industry and in top 250 overall in the JUST Capital 2023 Rankings. We welcome the EU's efforts to harmonize a wide range of voluntary standards into a single legislation the EU Corporate Sustainability Reporting Directive (CSRD) or the Directive. We also support the European Commissions efforts to reduce the administrative burden on companies by introducing phase-in measures and making certain disclosures voluntary. We appreciate the opportunity to share our comments based on our experience developing new Sustainability Reporting processes and proactively collaborating with independent accounts to provide limited or reasonable assurance over selected metrics. Considering the abbreviated opportunity to comment on CSRD, we are providing general comments with limited detail. We welcome the opportunity to share greater detail if the deadline for responses to the consultation is extended. We have four key recommendations, which we believe apply to most companies in all sectors and represent key challenges in the path to implementation of the Directive. We recommend that the Commission do the following: 1. Minimize the risks to implementation by lengthening the phase-in period. 2. Add a five-year period after full reporting is required, during which time a legal safe harbor is applied to disclosures made in good faith. 3. Develop clear guidance to resolve legal uncertainty. 4. Lead periodic reviews of the sector-agnostic, sector-specific standards to improve their cost-effectiveness. Further details of our recommendations are attached.
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Meeting with Thomas Woolfson (Cabinet of Executive Vice-President Margrethe Vestager) and Rud Pedersen Public Affairs Brussels

1 Mar 2023 · Green Deal Industrial Plan and Temporary Crisis and Transition Framework

Meeting with Martin Hojsík (Member of the European Parliament, Shadow rapporteur) and Rud Pedersen Public Affairs Brussels

12 Jan 2023 · methane, geothermal

Meeting with Kadri Simson (Commissioner) and

10 Oct 2022 · Investment opportunities in Algeria for EU companies.

Meeting with Nicola Danti (Member of the European Parliament)

12 Jul 2022 · Scambio di vedute dossier in corso

Response to Guidance on accelerating permitting processes for renewable energy projects and facilitating Power Purchase Agreements

8 Apr 2022

Baker Hughes is a leading energy technology company providing solutions for energy and industrial customers worldwide. We design, manufacture, and service transformative technologies to take energy forward – making it safer, cleaner, and more efficient for the people and the planet. We conduct business in over 120 countries around the world. While we operate globally, Europe is a key market for Baker Hughes. Across the EU, Norway, and the UK, Baker Hughes employs approximately 16,000 people at 40 sites, including in engineering, manufacturing, and research and development roles. Baker Hughes supports the Paris Agreement objectives and stands ready to provide support to various jurisdictions to achieve their energy and climate goals. We believe that climate change is one of the most significant challenges facing the world and warrants meaningful action to reduce the environmental impact of the energy industry on our planet. By scaling up renewable energy sources, countries can reduce their emissions in line with the Paris Agreement goals. In this context, geothermal energy, with its diverse applications to heating, cooling, and even development of natural resources such as lithium, can play an important role in achieving the EU climate and energy security goals. Additionally, geothermal energy leverages the expertise from the oil and gas industry, requiring expertise in geology, drilling, and reservoir management. Geothermal technology is constantly advancing, and we are exploring a variety of promising geothermal innovations, including additive manufacturing capabilities to create and build 3D printed prototypes and end-use parts optimized for form, fit, and function. Baker Hughes believes that geothermal energy is a reliable source of energy with a significant potential for growth and deployment across the EU, but it is currently underutilized. To ensure its uptake at scale, a simplified regulatory framework focusing on permitting and a fit-for-purpose policy framework is required to provide the foundation for a sustainable commercial market. The work undertaken by the European Commission is a welcomed starting point, and we would like to offer the following recommendations for your consideration: 1. Streamline licensing and permitting processes. 2. Provide public funds for the collection and sharing of national data on geothermal resources. 3. Expand risk mitigation schemes. 4. Promote Heat Purchase Agreements. Please see attached further details on our recommendations.
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Response to Proposal for a legislative act on methane leakage in the energy sector

8 Apr 2022

Baker Hughes is a leading energy technology company providing solutions for energy and industrial customers worldwide. We design, manufacture, and service transformative technologies to help take energy forward – making it safer, cleaner, and more efficient for the people and the planet. We conduct business in over 120 countries around the world. Baker Hughes supports the Paris Agreement objectives and the energy and climate goals set out by the European Union. We believe that climate change is one of the most significant challenges facing the world and warrants meaningful action to reduce the environmental impact of the energy industry on our planet. In this context, failure to meaningfully address oil and gas sector methane emissions threatens to undermine the value of natural gas in the energy transition. We applaud the commitments of many oil and gas companies around the world to voluntarily reduce methane emissions. However, these efforts are not enough to fully address the issue and well-designed policies targeting direct methane emissions are necessary. We offer a range of products and services to help our customers manage and reduce methane emissions, from advanced methane monitoring and detection, to flare optimization and flare gas processing solutions, to ‘zero-bleed’ valves to control fugitives and leakage. At Baker Hughes, our goal is to ensure a role for natural gas in a sustainable energy future by helping customers address methane emissions along the entire oil and gas value chain. We congratulate the European Commission on the proposed Regulation to address methane emissions from the energy sector and appreciate the opportunity to share our comments. We recommend several changes so that this key policy tool accommodates a wide range of technological solutions without harming innovation. Please see attached our detailed recommendations.
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Meeting with Thierry Breton (Commissioner) and European Environmental Bureau and

10 Jun 2021 · Roundtable of the Clean Hydrogen Alliance: 3rd meeting of the co-chairs