Baker Hughes Co

Given the breadth and scope of our industry and our global footprint, senior leaders across our operations engage with public officials at all levels of government. At times, public policy can have a significant effect on our business. We believe it is in the best interest of Baker Hughes and our stakeholders that our perspective informs the development of relevant public policies. Our participation in the policymaking process is subject to an extensive framework of laws and regulations and Company policies and internal oversight that demonstrate our commitment to both the letter and the spirit of the laws governing our activities. [...] Baker Hughes may, from time to time, contribute to candidate or issue committees and other political organizations as generally authorized by its Board of Directors and consistent with applicable laws. Baker Hughes does not currently utilize a Political Action Committee. On an annual basis, the Governance and Corporate Responsibility Committee reviews all corporate political contributions, as well as all nondeductible portions of payments in excess of $50,000 made to trade associations. We publicly report information regarding our advocacy activities and political contributions. For the 2021 reporting year, Baker Hughes did not make any political contributions.

Our Board monitors and provides oversight over our ESG policies, programs, and practices regarding corporate responsibility and sustainability and plays an active role in overseeing our human capital management efforts. Our Human Capital and Compensation Committee provides oversight of our social strategy, policies, programs, and initiatives focusing on DEI as well as pay equity, culture, talent development, succession planning, and executive compensation and benefits. Our Governance & Corporate Responsibility Committee provides oversight of the Company's environmental matters, including monitoring its sustainability strategy and initiatives and the management of employee health, safety, and wellness matters. The Audit Committee provides oversight over the Company's risk assessment and risk management policies and processes, including data privacy, ethics, and compliance reporting.

Remainingactive and constructively engaged with policymakers, associations, and customers to advance the public policy priorities necessary to address climate change while meeting the society's energy needs.Together we can build a safer, cleaner, and more efficient global energy system around the world.

Political contributions by Baker Hughes, a company-sponsored political action committee ("PAC") and certain employees are highly regulated and may be prohibited in certain jurisdictions. To ensure compliance with applicable laws and political spending policies, Baker Hughes political contributions are overseen by a multifunctional team from Baker Hughes comprising of senior executives and representatives from Government Affairs, Legal, Finance and other relevant functions. Political contributions by Baker Hughes, any company-sponsored PAC, and personal political contributions by certain employees (and their immediate family) who are subject to US state or local "Pay to Play" laws are carefully reviewed. It is the intent of this policy to ensure that political contributions do not violate applicable laws governing political contributions, fundraising, and other political activity. [...] US state and local political contributions by Baker Hughes or a PAC require pre-approval of Global Government Affairs. Political contributions outside the US require prior written approval by the Global Government Affairs. Baker Hughes generally does not make political contributions outside the US. [...] Corporate resources, including the use of facilities, monies, email or personnel may not be used to support candidates or political committees without prior approval from Global Government Affairs, and may only be used where permitted by law. [...] Solicitation of contributions from Baker Hughes employees to outside PACs, such as trade association PACs or other political committee or 527 political organizations, is discouraged and requires prior written approval from Global Government Affairs. No employee may establish a PAC or other political committee or 527 political organization on behalf of Baker Hughes without obtaining prior written approval from Global Government Affairs. [...] Employees who are registered federal lobbyists must track their federal political contributions for disclosure in semiannual lobbying reports required by law. [...] To comply with these laws, officers, directors, and employees covered by these rules are notified each year that they must pre-clear personal fundraising or political contributions that they, their spouse/civil union partner and/or dependent children would like to engage or make in support of candidates, political parties, or political committees in states and cities with "Pay to Play" laws.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our teams work closely internally to develop official policies related to climate change and ensure consistency across external engagements.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes