Sustainability
Sustainability is a foundation of our strategy. We believe creating value for our stakeholders more widely – for society, our employees and our shareholders – is key to the long-term resilience and value of our business
Our net zero ambition
Our ambition is to become a net zero company by 2050 or sooner and to help the world get to net zero
Our sustainability frame
Our sustainability frame underpins our strategy and puts our purpose into action. It takes an integrated approach while focusing on the areas where we believe we can make the most difference
Our aims and objectives
We’ve set aims for each of our focus areas:
- 10 aims to get bp to net zero and help the world get there too
- 5 aims to care for our planet
- 5 aims to improve people’s lives.
We’ve set five aims to get bp to net zero by 2050 or sooner and five aims to help the world get there too.
Our five people aims cover clean energy, a just energy transition and sustainable livelihoods, respect for human rights, greater equity and enhanced wellbeing
Our sustainability frame includes a focus on making a positive difference to the environment in which we operate. The scope of our care for our planet aims covers biodiversity, water management, nature-based solutions including those that reduce or remove carbon emissions, circularity and sustainable purchasing
2020 highlights
Our combined Scope 1 and Scope 2 emissions, covered by aim 1, decreased by 16% from 54.4 MteCO2e in 2019 to 45.5 MteCO2e in 2020.
Improved safety performance, with fewer tier 1 and tier 2 process safety events and a reduction in recordable injury frequency, compared to 2019.
Continued to grow in solar through Lightsource bp
Announced our strategic partnership with Microsoft to further digital transformation in energy systems.
Published an updated business and human rights policy.
Announced a new position on biodiversity – which includes the aim for new projects in scope to achieve a net positive impact on biodiversity.
Announced a new position on biodiversity – which includes the aim for new projects in scope to achieve a net positive impact on biodiversity.