We report on the issues which matter most to our stakeholders and our business
We talk to our stakeholders - the many individuals and organizations who are affected by BP’s activities - throughout the year. In preparing our 2016 report, we met with around 100 different organizations around the world, including investors, non-governmental organizations (NGO), industry associations, business partners, shareholders and analysts. We also held sessions with our employees to find out how they use our report and what they would like us to cover. The input and feedback we received has helped inform this report.
Our stakeholders often have differing priorities. For an environmental NGO, for example, the immediate focus may be on how we manage any potential impacts of our activities on sensitive areas, while for a government representative, the contribution we make to the local community may be the priority.
We prioritize the issues according to how important they are to our stakeholders and how they could impact BP’s ability to deliver its strategy. We validate this with internal and external stakeholders, our assurance provider, Ernst & Young, and our board committee responsible for sustainability-related issues.
We include issues in our report if we assess them as being either medium or high materiality in terms of stakeholder concern and business impact. Our material issues tend to be consistent year to year. In 2016, air quality and supply chain management were issues that gained greater prominence.
We have structured the report by our material issues - starting with global issues before moving on to how we manage our impacts at a local level. This is underpinned by our people, governance and practices for managing our business.