Sustainability
Our approach to sustainability is built on strong foundations. They guide the way we work, underpin our focus on safety and support our sustainability frame and net zero, people and planet aims. We are working to embed sustainability more widely and deeply in our culture, business decisions, processes and governance.
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.jpg.img.50.medium.jpg "An image of a bp technician at the Rotterdam refinery")
Our sustainability frame
Our sustainability frame
Our purpose is to deliver energy to the world, today and tomorrow.
Our sustainability frame underpins delivery of our strategy, and our sustainability aims are focused on those that we believe are most relevant to the long-term success of our business.
Our focused sustainability aims
Net zero operations
Our aim is to reach net zero by 2050 or sooner for Scope 1 and 2 emissions within bp’s operational control on a CO2e basis, including by maintaining ‘near-zero’ methane intensity across our operated producing assets, enabled by supportive government policies.
Net zero sales
Our aim is to reduce to net zero the average lifecycle carbon intensity of the energy products we sell by 2050 or sooner, enabled by supportive government policies and the decarbonization of energy demand.
People
Our aim is to support our employees and local communities through the energy transition.
Biodiversity
Our aim is to support biodiversity where we operatea.
Water
Our aim is to reduce our net freshwater use in stressed catchments where we operate.
a At our new in scope bp-operated projects and major operating sites.
Engaging with our stakeholders
Engaging constructively with our stakeholders helps us deliver our strategy and sustainability aims. We engage with them in various ways, from local meetings to global partnerships.
Our main stakeholder groups are employees, customers, investors and shareholders, government and regulators, local communities, partners and suppliers.
- Our employees play a critical role in delivering our strategy and in maintaining safe and reliable operations. We engage with them through many channels to understand their experiences and feedback, including annual and continuous listening through our Pulse surveys.
- Engaging with customers helps us understand how we can add value for them. Our engagement with retail customers, through our convenience & mobility and retail businesses, ranges from a focus on product preferences to diversity, accessibility and safety considerations.
- We also engage with governments, regulators and legislators to build constructive relationships and support the development of national energy projects, including those in which we have an interest. We regularly advocate for or comment on policy that is relevant to bp.
- We aim to work with local communities in ways that benefit them and help build respectful, transparent relationships with them. Our engagement ranges from one-to-one conversations to large public consultations.
- We work with NGOs and civil society organizations at international, national and local levels. Many of them have complementary expertise to ours on social and environmental issues.
- Our investor relations team co-ordinates investor events and direct engagement with equity investors. Our treasury team co-ordinates engagement with lenders and debt investors.
