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UN Sustainable Development Goals

bp Target Neutral has applied the UN Sustainable Development Goals (SDGs) as part of the carbon offsetting project selection process, so that projects are not only chosen based on emissions reductions potential, but also on their broader impact to society and the environment

The SDGs, also known as Global Goals, were introduced in 2016 and build on the success of the Millennium Development Goals but aim to go further and end all forms of poverty. The Goals are unique in that they call for action by all countries, poor, rich and middle-income to promote prosperity while protecting the planet. They recognize that ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and job opportunities, while tackling the climate challenge and environmental protection.

As part of its tender process bp Target Neutral asks offset project suppliers to 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 Project Selection Forum can then approve for site visits and final selection.

UN sustainability goals

While the SDGs are not legally binding, governments are expected to take ownership and establish national frameworks for the achievement of the 17 Goals. Countries have the primary responsibility for follow-up and review of the progress made in implementing the Goals, which will require quality, accessible and timely data collection. Regional follow-up and review will be based on national-level analyses and contribute to follow-up and review at the global level.