BP logo Close window
green line
BP Annual Review 2003
green line
Introduction
green line
Performance highlights
green line
Chairman's letter
green line
Group chief executive's review
green line
It starts here
green line
Financial performance
green line
Business performance
green line
Environmental and social performance
green line
Summary accounts
green line
Summary corporate governance
green line
Summary directors' remuneration report
green line
Board of directors
green line
Annual general meeting and information for shareholders
green line
Further information
green line
 Chapter six
Provide the greatest benefit to the broadest constituency

The nature of our business requires us to participate actively in a global marketplace serving around 13 million customers, each with their own constantly changing needs, desires and dreams. Such as mobility. Industry. Prosperity. Opportunity. Sustainability. These diverse and evolving demands create a constant tension between what we as a society can live with and what we cannot live without. And they have led us at BP to think beyond the expected to the ways in which we can most responsibly support human needs and fuel the world's progress.

Our publicly stated aspiration is to be numbered among the world's great companies. The idea – actually, the ideal – of economic, social and environmental sustainability has for years influenced corporate-level policies. At BP, it permeates the group, from the quality of corporate governance and the transparency of our reporting down to such project-level decisions as our partnership choices, low-impact drilling and the launch of new, cleaner fuels in advance of regulatory requirements.

Composite image of individual faces But why should an oil and gas company be a force for human progress? What is the business case for social responsibility and environmental sensitivity? The first answer is that, for any company with the scale and reach of BP, responsible conduct is a requirement. At BP, we make this requirement a business practice as well as a corporate principle. Secondly, we expect our conduct to be measured by responsible standards. Already, we see that living up to high standards for behaviour, environmental policies and human rights opens doors to new relationships and resources. It sparks innovation and permits investment. And it fosters constructive debate and co-operation rather than confrontation. For BP, that is the way we want to conduct our business.




In this section
arrow  Chapter one
arrow  Chapter two
arrow  Chapter three
arrow  Chapter four
arrow  Chapter five
Chapter six
arrow  Chapter seven


 
Related links
 
Lord Browne's review of 2003
arrow  Group chief executive's review
Lord Browne
Year end operating results, broken down by segment
arrow  Business performance
hard hat on a desk with a meeting in the background
© 1999-2004 BP p.l.c Legal Notice