BP Sustainability Report

878 Words 4 Pages
British Petroleum (BP) is a global energy company that provides transport fuel, lubricants, petrochemicals and energy for heat and lighting and a pioneer in renewable energy among peers in oil and gas (BP 2017b). Sustainability initiatives may be traced back to 1997 as shown in figure 1 while reporting can be traced back to 1998 for which exists the earliest accessible report on BP’s website.
International guidelines from the Global Reporting Initiative (GRI) G4’s core option, the United Nations Global Compact (UNCG) and International Petroleum Industry Environmental Conservation Association (IPIECA) are influential to BP’s sustainability reporting as highlighted in BP (2017b) and the issued respective disclosure and reporting tables. GRI’s
…show more content…
In my opinion, BP’s report covers the main materiality principles on the aspects of reflecting organizations …show more content…
The reported environmental and social impacts include climate change, human rights, air quality, biodiversity, water and engagement with communities. Similarly, the social aspects include corruption, bribery, local employment, security and human rights, resettlement and community health and safety. BP manages impacts though compliance with internal practices and external standards such as ISO 14000 environmental management standard (BP 2017b).
BP aims to reduce water contamination and consumption, chemicals usage and emissions of air pollutants and Green House Gases (GHG) (BP 2017b). Moreover, screening and impact assessment with respect to biodiversity, life in marine environments and sensitivity of internationally protected areas are done for all new projects. Flaring, venting and leaks from the asset in gas production are examples of how methane emissions, GHG, occur along the gas supply chain as seen in figure 3. GHG emissions by activity as presented in figure 4 are slightly higher in 2016 than 2015 and 2014 which is due to new projects as justified by BP yet notably less than

Related Documents