The continuing decline in biodiversity, degradation of our environment and increasing scarcity of clean water pose serious risks to our wellbeing and to the diversity of species that inhabit our planet.
These changes can also reduce the ability of ecosystems to take carbon out of the atmosphere, making it harder to tackle climate change.
We will do this by putting our biodiversity position into action. In doing so, we expect that from 2022 all new bp projects in scope will have plans in place aiming to achieve net positive impact (NPI), with a target to deliver 90% of actions within five years of project approval. We also aim to enhance biodiversity at our major operating sites and support biodiversity restoration and sustainable use of natural resource projects in the countries where we have current or growing investments.
We will also continue to work with others, including our joint ventures, to influence and promote collective action on biodiversity.
We aim to replenish more freshwater than we consume in our operations. We will do this by being more efficient in operational freshwater use and effluent management, and by collaborating with others to replenish freshwater in stressed and scarce catchment areas where we operate.
We aim to use nature-based solutions to deliver value and contribute to our people and planet aims in our operations and through our business activities. We will also support the development of scalable markets for certified natural climate solutions that help the world reduce deforestation, get to net zero and deliver environmental and social benefits.
We want to keep materials in use for longer and value them throughout their life cycle. We’ll do this by using resources responsibly and embracing circular principles in design, operations and decommissioning and aim to work with partners and our joint ventures to create opportunities.
Find out more about our approach to reporting, including our reporting standards and frameworks, materiality assessment and TCFD disclosures
Our reporting centre brings together all of our key reports, policies and performance data, including our annual report and ESG datasheet