BP reports against the IPIECA/API/OGP sector-specific sustainability reporting guidance for the oil and gas industry

The second edition Oil and Gas Industry Guidance on Voluntary Sustainability Reporting, jointly produced by the two international oil and gas industry associations, IPIECA and OGP, and the American Petroleum Institute represents industry consensus on the most prevalent sustainability issues and indicators for the oil and gas sector. BP played a strong role in its development.

By bringing together industry expertise with stakeholder input the guidance helps ensure BP recognizes issues likely to be relevant to oil and gas companies and respond to industry issues through its materiality process and reporting.

The guidance includes indicators and reporting elements to help companies report against their material issues. BP reports against all the indicators. Using the table below, we have signalled how we feel our reporting meets the intent of the indicator description in each case.

BP sees value in the flexibility offered by having several reporting elements within each indicator, providing companies the scope to tailor their reporting to their individual situations and pointing the way for future reporting.