We are advocating for policies that support net zero, incentivizing our workforce, assessing our alignment with trade associations and helping corporates achieve their decarbonization goals. We are also taking steps to increase the transparency of our disclosures.
We have redirected resources to promote well-designed climate policies. In the future, any corporate advertising will be to push for progressive climate policy, communicate our net zero ambition or support delivery of our strategy, invite ideas, or build collaborations.
We will continue to run recruitment campaigns and advertise our products, services and partnerships – although we aim for these to increasingly be low carbon.
This will include continuing to allocate a percentage of remuneration linked to emissions reductions for leadership and around 32,000a employees.
We are committed to getting bp to net zero and we make the case for our views on climate change within the associations we belong to. We are transparent where we differ and where we can’t reach alignment, we are prepared to leave.
On 12 February 2020, we declared our support for the recommendations of the Task Force on Climate-related Financial Disclosures. We intend to work constructively with the TCFD and others – such as the International Sustainability Standards Board (ISSB) – to develop good practices and standards for transparency.