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Selecting carbon offsetting projects

We are helping our customers offset their emissions through BP Target Neutral, which has offset more than 4 million tonnes of CO2 equivalent (CO2e) on behalf of customers since 2006
What is carbon offsetting?
The Project Selection Forum strongly supports BP Target Neutral‘s efforts to integrate the UN SDGs into the project selection process. It acknowledges the broader role of carbon reduction projects in creating opportunities to not only reduce carbon emissions, but also deliver improved socio-economic outcomes for communities around the world.Damian Ryan,acting CEO, The Climate Group

An independent panel made up of representatives from three international NGOs – Fauna & Flora International, The Climate Group and Forum for the Future – selects the projects that carry out the activities generating the offsets. BP Target Neutral has applied the UN SDGs as part of the project selection process, so that projects are not only chosen based on emissions reduction potential, but also on their broader impact to society and the environment.

Projects must disclose their impact on a range of SDGs, such as good health and wellbeing, affordable and clean energy, decent work and economic growth. BP Target Neutral uses this information to rank the projects based on their contribution to the SDGs relative to the CO2e reduced. This provides the detail required for a shortlist, which the panel can then approve for site visits and final selection.