We engage with stakeholders on many sustainability-related issues throughout the year
Socially responsible investors on climate change reporting
Climate change, and how it could impact BP’s long-term resilience, continues to be high on the socially responsible investors’ (SRI) agenda. This gained more prominence in 2015 in light of the UN climate change conference in Paris. Also, a coalition of shareholders filed a special resolution requesting that we report more on BP’s preparation for a lower-carbon future. The resolution, which was supported by our board, specifically wanted more information on our:
- Emissions management.
- Post-2035 portfolio resilience.
- Investments in lower-carbon energy and research and development.
- Strategic key performance indicators and executive incentives.
- Public policy activities.
We engaged with SRIs throughout the year to get their views. We held a webcast explaining the shareholder resolution and undertook a series of meetings in Europe, the UK and US, which included discussion on the resolution and the wider climate change context. We also hosted our annual SRI meeting in London, where the chairman and BP executives explained our view of the wider energy context, while providing tangible examples of how we are managing operational emissions.
Contractors on drilling safety
Good communication with our contractors is key to maintaining safe and reliable operations across BP. We discussed challenges the industry faces in improving safety performance with around 25 of our drilling contractors and wells service providers at our annual global wells organization safety workshop. Participants acknowledged the need to share what could be working better and also the difficulty of openly talking about such topics in the current market environment. Working together, we use the outcomes from the discussion to inform and enhance our safety approaches and collaboratively review actions taken.
Having attended the workshops for the last couple of years, what is helping is getting the perspective of the other contractors and then taking that into our collaboration with BP. One of the best things we can do to enhance safety is to get inspiration - be provoked, or moved - to do some things differently and better than before.Claus Hemmingsen, chief executive officer, Maersk Drilling
Industry peers and others on managing methane emissions
We joined the Climate and Clean Air Coalition’s Oil and Gas Methane Partnership in 2015 as part of our efforts to collaborate with governments, non-governmental organizations (NGOs) and our peers on a common approach to reducing methane emissions from oil and gas operations.
NGOs on human rights
The Tangguh Independent Advisory Panel (TIAP) provides guidance to BP on the non-commercial aspects of our operations in Tangguh, Indonesia. As part of this work, we held engagement sessions with local and international NGOs in the UK and US to share the results of TIAP’s 2015 assessment and some of the highlights and challenges of BP’s social development programmes. Stakeholders discussed issues such as security and human rights and the progress of indigenous Papuan development through local enterprises.