Energy with purpose
Our approach
A sustainable approach to responsible business is inherent in our purpose – reimagining energy for people and our planet. We want to help the world reach net zero and improve people’s lives and can do this by being a safe, focused, responsible, well-governed and transparent organization.
Our focus areas
We’ve structured our Sustainability Report 2019 to highlight three focus areas, including issues as prioritized in our materiality process.
Climate change and the energy transition
Our approach
To advance a low carbon future by working across the whole of BP. This includes our 'reduce, improve, create, framework'.
Performance
- Zero net growth in operational emissions
- Established more than 30 carbon neutral BP retail sites
- >$500 million invested in low carbon activities
1.4Mte
of sustainable GHG reductions delivered in 2019 and 3.9Mte since 2016
Safety
Our approach
We focus on process safety, personal safety, health and wellbeing, and security.
- We understand that even the best processes can have weaknesses that may lead to accidents, so we take steps to design these out
- We focus on preventing incidents – reacting swiftly and effectively if they happen
- We learn from every incident
Performance
- Tragically, we suffered two fatalities in 2019.
- Further improvements in our recordable injury frequency (RIF) driven by a sustained focus on care and personal safety over several years
- An increase in tier 1 and tier 2 safety events across the group, attributable mainly to recently acquired assets
Value to society
Our approach
We work hard to manage our social and environmental impacts and opportunities:
- We engage with local communities to manage the impacts of our presence
- We work with communities to identify opportunities for them to benefit from our activities
- We invest in local initiatives, focusing on economic development, education, the environment and engagement with culture or arts
Performance
- $84 million committed to support sustainable development in local communities
- Launched the new BP labour rights and modern slavery principles
Doing business responsibly
Other important ways that we run our business responsibly
Environment
Our approach
We work hard to understand any environmental and social sensitivities in the areas where we operate. With this understanding we:
- Aim to avoid, minimize and mitigate any adverse impacts
- Respect the local environment and the communities that depend on it for resources to support their livelihoods
Performance
- Reviewed and strengthened the group-wide environmental and social requirements that support our operating management system
- Took delivery of the last three vessels in our new fleet of six LNG carriers – these use around 25% less fuel and emit less nitrogen oxides than our older vessels
People
Our approach
We’re building a culture that generates the diversity of thought, approach and ideas needed to lead in the energy transition – a culture in which people’s wellbeing matters and differences are valued. We’re doing this by:
- Recruiting and supporting talented people from diverse backgrounds
- Investing in excellent training, development and competitive rewards for all our people
Performance
- Part of overall reward for around 37,000 eligible employees, including executives, now linked to sustainable emissions reductions
- Included in the Financial Times’ Leaders in Diversity and in The Times Top 50 Employers for Women lists
38%
women in our workforce in 2019 – higher than ever before
Ethics
Our approach
We do business in line with our code of conduct, values and behaviours, policies and procedures relating to all aspect of ethical business, including bribery and corruption, supply chain standards and revenue transparency.
- Continued to promote revenue transparency through multi-stakeholder groups in Mauritania, Iraq and Trinidad & Tobago
- Successful conclusion of the five-year ethics ‘monitorship’ put in place following the Gulf of Mexico incident to build and embed best-in-class ethics programmes across BP
