BP is reducing emissions in its own operations; improving its products to help customers lower their emissions; and creating low carbon businesses in renewables and alternatives.4
BP has set itself a sustainable emissions reductions (SER’s) target of 3.5 million tonnes for its own operations out to 2025 from 2015. SER’s are actions taken by our businesses to improve energy efficiency and reduce methane emissions and flaring – all leading to permanent, quantifiable GHG reductions.
We are already well on the way to meeting this target with 2.5Mte of reductions since the beginning of 2016.
And, to ensure that as BP’s business grows, its carbon footprint does not, BP has a target of zero net growth in operational emissions out to 2025 beyond 2015 levels.
BP Target Neutral is an accredited activity as part of BP’s Advancing Low Carbon accreditation programme.
Launched in 2018, the programme is designed to incentivize every part of BP to pursue lower carbon opportunities, by providing a framework for the Group to highlight activities that demonstrate what BP calls a better carbon outcome.
Qualifying activities range from emission reductions in BP’s own operations to carbon neutral products, from investments in low carbon technologies and renewables businesses and programmes like BP Target Neutral that help BP’s customers meet their low carbon objectives.
In all, BP estimates that since the programme began in 2017 that 53 million tonnes of CO2 equivalent were saved or offset through activities delivered by BP as part of the programme, and a further 4.7 million tonnes through activities delivered by BP as part of the programme.
To be accredited, an activity must meet rigorous criteria and requirements and be independently assured by Deloitte LLP before it can receive the ALC mark. Accredited activities include everything from advanced fuels and lubricants to lower carbon products, and from global research initiatives to partnerships with start-ups developing innovative new technologies.
More than 50 activities were accredited in 2019 – and 11 have benefited from expert advice from BP Target Neutral on how to create carbon neutral products and services by reducing carbon and then offset using carbon credits from carbon reduction projects.
These activities include carbon neutral fuels, lubricants and chemicals as well as carbon neutral operations at airports, car dealerships and workshops and services that enable companies to offer their own customers the chance to drive or fly carbon neutral.