ESG at bp
bp’s purpose is to reimagine energy for people and our planet – and our ambition is to be a net zero company by 2050 or sooner, and to help the world get to net zero. We have set out a strategy – with 2025 targets and 2030 aims – which is underpinned by our sustainability frame, to support the delivery of this ambition
Our sustainability frame governs our wider approach to environmental and social issues and focuses on three areas – getting to net zero, improving people’s lives, and caring for our planet. We have set aims for each focus area: 10 for net zero, 5 for people and 5 for the planet.
“We believe strong environmental, social and governance performance benefits society, our employees and our shareholders. It creates resilience and enduring value across our activities – from more efficient operations through to unlocking growth opportunities in the energy transition.”
Giulia Chierchia
EVP, strategy, sustainability & ventures
Our reporting
Our reporting is focused on the material sustainability issues that matter to our stakeholders. We refer to different reporting frameworks and standards to inform our reporting.
You can find details of our reports, policies and positions, ESG data, and frameworks and standards in our reporting centre.
| Aim | Measure/coverage | 2025 target | 2030 aim | 2050, or sooner, aim |
|
|---|---|---|---|---|---|
| 1 | Net zero operations | Scope 1 and 2 | 20%a | 50%a | Net zero |
| 2 | Net zero production | Scope 3 | 10-15%b | 20-30%a | Net zero |
| 3 | Net zero sales | Average lifecycle carbon intensity | 5%b | 15-20%b | Net zero |
| 4 | Reducing methane | Methane intensity | 0.20%d | 50 reductiond | |
| 5 | More $ into transition | Transition growth investment | $6-8bn | $7-9bn | |