Our reporting boundaries and scope
BP Sustainability Review 2012 and bp.com/sustainability concentrate on performance and activities from 1 January to 31 December 2012
We aim to report on all aspects of our business, including joint ventures where we are the operator. Where appropriate, we also seek to provide an overview of joint venture activities where we are not the operator, but where we have significant influence on our partners.
BP reports annual health, safety, security and environment (HSSE) data from operations within our ‘control’ boundary. For operated joint ventures, HSSE data is calculated and consolidated under our control boundary.
Defining simple and transparent HSSE reporting boundaries is complex in an organization such as BP because of our size, the range of activities we undertake and the complex arrangements, such as joint ventures, we use to share risk in large projects.
BP reports annual health, safety, security and environment (HSSE) data from operations within our ‘control’ boundary. For operated joint ventures, HSSE data is calculated and consolidated under our control boundary.
Defining simple and transparent HSSE reporting boundaries is complex in an organization such as BP because of our size, the range of activities we undertake and the complex arrangements, such as joint ventures, we use to share risk in large projects.
‘Control’
By ‘control’ we mean we either own the assets and engage or employ the workforce, or we operate the asset under a contractual obligation to the owners.
Reporting
HSSE information is consolidated and reported as ‘BP’ from assets under our control. In assets where we have influence, we may choose to report information externally if it is of specific interest and applicable agreements allow.
An exception to this is our reporting of greenhouse gas emissions, which we report for all consolidated entities and BP’s share of equity-accounted entities except TNK-BP. Further information on TNK-BP’s greenhouse gas emissions can be found in its sustainability report.
An exception to this is our reporting of greenhouse gas emissions, which we report for all consolidated entities and BP’s share of equity-accounted entities except TNK-BP. Further information on TNK-BP’s greenhouse gas emissions can be found in its sustainability report.
Cautionary statement
BP Sustainability Review 2012 and bp.com/sustainability contain certain forward-looking statements with respect to the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. In particular, among other statements, BP’s outlook on global energy trends to 2030 and beyond, are forward looking in nature. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future.
Actual results may differ from those expressed in such statements depending on a variety of factors, including future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; OPEC quota restrictions; changes in laws and governmental regulations; regulatory action; exchange rate fluctuations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this document and under ‘Risk factors’ in our Annual Report and Form 20-F 2012 as filed with the US Securities and Exchange Commission (SEC). Material is used within this document to describe issues for voluntary sustainability reporting that are considered to have the potential to significantly affect sustainability performance in the view of the company and/or are expected to be important in the eyes of internal or external stakeholders. Material for the purposes of this document should not, therefore, be read as equating to any use of the word in other BP p.l.c. reporting or filings.
Actual results may differ from those expressed in such statements depending on a variety of factors, including future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; OPEC quota restrictions; changes in laws and governmental regulations; regulatory action; exchange rate fluctuations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this document and under ‘Risk factors’ in our Annual Report and Form 20-F 2012 as filed with the US Securities and Exchange Commission (SEC). Material is used within this document to describe issues for voluntary sustainability reporting that are considered to have the potential to significantly affect sustainability performance in the view of the company and/or are expected to be important in the eyes of internal or external stakeholders. Material for the purposes of this document should not, therefore, be read as equating to any use of the word in other BP p.l.c. reporting or filings.
BP Annual Report and Form 20-F 2012 and BP Summary Review 2012 may be downloaded from bp.com/annualreport. No material in this Sustainability Review forms any part of those documents. No part of this Sustainability Review or bp.com/sustainability constitutes, or shall be taken to constitute, an invitation or inducement to invest in BP p.l.c. or any other entity and must not be relied upon in any way in connection with any investment decisions. BP p.l.c. is the parent company of the BP group of companies. Unless otherwise stated, the text does not distinguish between the activities and operations of the parent company and those of its subsidiaries.
Attestation
The information on this page forms part of the information reviewed and reported on by Ernst & Young as part of BP's 2012 sustainability reporting.
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