Baker Hughes Energy Forward Rethink. Redefine. Renew. Rethink. ,Redefine. . Renew. 2020 Report on Corporate Responsibility

Our purpose: We take energy forward— making it safer, cleaner, and more efficient for people and the planet. Navigating this report Our frameworks: Our corporate responsibility report is prepared in accordance with the Global Reporting Initiative’s (GRI) Core Standards, and the Greenhouse Gas Protocol (GHG Protocol). We also provide reporting indices for the Task Force on Climate-related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB) Oil & Gas Services Industry Standard - Extractives & Minerals Processing Sector. Our approach to corporate responsibility is detailed on pages 63 to 83. Reports and policies: Our archived reports and policies are accessible on our website at https://www.bakerhughes.com/corporate-responsibility. On the cover: Marsha Warren works at Baker Hughes’ recently expanded non-metallic manufacturing facility in Houston, Texas. The flexible composite pipe made there is an environmentally superior alternative to conventional steel pipes.

Table of contents 6 A letter from our Sustainability Steering Team chair 4 A letter from our CEO 6 A letter from our Sustainability Steering Team chair 8 2020 corporate responsibility dashboard 11 About Baker Hughes 13 Strategy and vision 12 Company profile 14 Economic impact 13 Strategy and vision 14 Investment in innovation 14 Economic impact 14 Investment in innovation 16 15 Our values 16 Corporate governance 17 Principles of governance 17 Our Board of Directors 18 Board oversight of people, planet, and principles 19 Relationship between risk management, sustainability, and Board committees 20 Leadership responsibility 20 Aligning compensation practices with our priorities 21 Contacting the Board 21 Contacting the Board 22 People and community 25 People 25 Diversity, equity, and inclusion 27 Investing in our people 29 Human rights and anti-discrimination 31 Community 34 Planet 35 Energy and climate (net-zero roadmap) 37 Scope 1 and 2 greenhouse gas emissions 40 Scope 3 greenhouse gas emissions 41 Climate change as a financial risk and opportunity 41Climate change as a financial risk and opportunity 42 Responsible environmental practices (air, water, waste, biodiversity) 42 Responsible environmental practices (air, water, waste, biodiversity) 43 Minimizing environmental risks 43 Minimizing environmental risks 49 Principles 49 50 Safety 51 Health and wellness 53 Security 54 Privacy and cybersecurity 54 Integrity, compliance, assurance, and reporting concerns 55 Sustainable supply chains 56 Policy engagement and working with governments 58 Our corporate responsibility framework

zing environmental risks 49 Principles 49 50 Safety 51 Health and wellness 53 Security 54 Privacy and cybersecurity 54 Integrity, compliance, assurance, and reporting concerns 55 Sustainable supply chains 56 Policy engagement and working with governments 58 Our corporate responsibility framework 58 59 Our reporting frameworks 59 Managing risk 59 Support to the Paris Climate Agreement objectives 60 Our management systems 60 Stakeholder engagement 63 60 Our management systems Reporting indexes and data summary 60 Stakeholder engagement 64 GRI 63 72 SASB 74 TCFD 77 Statement and Notes on Greenhouse Gas Emissions 86 About this report

Lorenzo Simonelli M Chairman, President, and Chief Executive Officer At Baker Hughes, we are guided by our corporate purpose and deeply committed to operating in a responsible and sustainable way. We organize our efforts into the areas of people, People planet, and principles, and we work hard to make measurable progress each year. We strive to improve As an energy technology company, our success is the transparency of our reporting and challenge deeply linked with the creativity and engagement of ourselves to perform at the level of the most responsible our people. To foster this, we are working to build a companies in the world, not just in our own industry. diverse, equitable, and inclusive work environment where everyone can bring their authentic selves and 2020 was a year of challenge and change for the talents. I strive to treat people with dignity, respect, and global business community, and the business case for understanding each day and encourage everyone at sustainability has never been clearer. I am tremendously Baker Hughes to do the same. While I am immensely proud of the work our teams have done – and continue proud of the progress we continue to make in advancing to do - in response to the COVID-19 pandemic. We saw our inclusive work culture, I acknowledge first-hand how our values, principles, and policies helped that there is still more we can do. us remain resilient and safe during this unprecedented time. Our ability to manage risk, anticipate challenges, Over the last year we have found new ways to work and execute decisively helped us in many ways.

t-hand how our values, principles, and policies helped that there is still more we can do. us remain resilient and safe during this unprecedented time. Our ability to manage risk, anticipate challenges, Over the last year we have found new ways to work and execute decisively helped us in many ways. We and adjusted our work practices to improve flexibility came together to protect our employees, support our and opportunity for our approximately 55,000 team customers, deliver for our shareholders, and serve our members. We never stopped investing in our people communities, while advancing our strategy to position and developing the talents and skills they will need to Baker Hughes for long-term growth. lead the energy transition. Like many companies, we made the difficult decision to restructure our operations and reduce our workforce to meet the realities of the economic environment. While necessary, we made every effort to support our people and help ease their transition. 4 Baker Hughes 2020 Report on Corporate Responsibility