Data and how we report
We carry out regular materiality research to help focus our sustainability reporting. We refer to different frameworks and reporting standards to guide our approach
ESG datasheet
We provide performance data online through our environmental, social and governance (ESG) datasheet, aiming to deliver information that is representative of bp’s sustainability performance.
Reporting standards and frameworks
Score: B (July 2022).
You can download a copy of our CDP climate change 2023 questionnaire.
The Benchmark assesses public disclosure across 10 indicators including short/medium/long term GHG targets; strategy; capital allocation; climate policy engagement; governance; just transition; and TCFD. The results can be found here.
Since 2019 bp has responded to a resolution requisitioned by CA100+ on climate change disclosures. The latest response can be found in the bp Annual Report 2022.
We continue to engage with CA100+ – and other climate benchmarks and frameworks – to help inform our approach to reporting and transparency, as well as to provide investors with information to assess bp’s performance.
Identifying material sustainability issues
Building on the process used in 2021, in 2022 we worked with an external agency to refresh specific elements of the materiality assessment process used for our sustainability reporting so that it reflects external developments relating to sustainability and ESG. This refresh involved research to identify new and emerging ESG topics.
We identified 20 key issues of continuing importance to bp and mapped them to our sustainability frame.
Verification and assurance
Our verification methods include data reviews by reporting businesses and subject matter experts, second line functional and group reviews as well as third line reviews by internal audit.
We ask Deloitte to provide limited external assurance for several key sustainability metrics to the internationally recognized ISAE 3000 standard.
Read the Deloitte assurance statement on page 61 of the 2022 sustainability report. Our basis of reporting outlines the approach and scope used for data collection and forms the basis for assurance of sustainability performance data.
