By 2030 we aim to have developed 50GW renewable generating capacity– broadly enough to meet the power needs of 36 million people – including exploring ways to make clean energy accessible to those who need it most.
We have set two objectives for this aim: 50GW renewable energy equivalent developed to final investment decision (FID) by 2030, and programmes to support access and affordability. At the end of 2022, we had 5.8GW brought to FID and 37.2GW in our development pipeline.
We also have initiatives under way to help support access and affordability, including collaborations in India and Angola. In 2022, we launched our social investment policy, making access to affordable low carbon energy a focus for our social investment activities where relevant.
We support the Paris Agreement, which recognizes the importance of a just transition – one that delivers decent work, quality jobs and supports the livelihoods of local communities.
To support a just energy transition, we aim to collaborate with key stakeholders and other industries to support the advancement of human rights through the transition. We will do this by developing just transition plans in priority areas and helping the workforce to develop skills for the future energy system, taking a socially inclusive approach. We aim to build stronger relationships with our local communities, based on mutual trust and respect, and we will support civic dialogue, greater transparency and capacity building, where we work.
We will support the communities where we work to build greater resilience and more sustainable livelihoods. We will focus our social investment in support of our sustainability aims. Through these actions we aim to reach more than 1 million people. We will also support our workforce through quality jobs with fair conditions.
We want our workforce and customers to experience greater equity – fair treatment according to everyone’s different needs and situations – while also helping our partners in the bp ‘ecosystem’ do the same. We aim to do this by improving workforce diversity and workplace inclusion, making customer experiences more inclusive and increasing our annual expenditure with diverse suppliers, including female, and underrepresented or minority groups (supplier diversity) to $1 billion by 2025.
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