Sustainability
2024-2054
Following and applying British Petroleum Company's approach to sustainability management
Sustainability at Petroproject
Petroproject are embedding sustainability in the way we do business and across our strategy. Our sustainability frame sets out our aims for getting to net zero, improving people's lives and caring for our planet
Our purpose is to reimagine project management for people and our planet. Our sustainability frame translates our purpose into action and underpins our strategy to become an integrated EPC company. It sets out aims in the areas where we believe we can make the biggest difference for Petroproject, our stakeholders and society
Our aims and objectives
We have set aims for each of our focus areas:
Ten aims to get bp to net zero by 2054 or sooner, and to help the world get to net zero
Five aims to improve people's lives
Five aims to care for our planet
Sustainability Objectives at Petroproject
Getting to Net Zero
In 2024 we set out our ambition to be a Net zero company by 2054 or sooner and to help the world get to net zero. We are aiming to be net zero across our operations, production and sales.
This ambition is supported by 10 aims: five to help us become a net zero company and five to help the world get there too. Together, they set out a path that we believe is consistent with the goals of the Paris Agreement
Improving people's lives
We recognize the importance of giving people access to energy, supporting a just energy transition, treating people with respect, enhancing diversity, equity and inclusion and supporting health and wellbeing.
Our five people aim to build on strong social impact and risk management requirements in our operating management system
Caring for our planet
Our sustainability frame focuses on making a real difference to the environment in which we operate.
Our five planet aims cover the enhancement of biodiversity, water management, nature-based solutions including those that reduce or remove carbon emissions, circularity and sustainable purchasing
Petroproject Approach
Foundations and embedding sustainability
Our approach to sustainability is targeted, systematic and collaborative – built on strong, foundations that guide the way we work and support our net zero, people and planet aims. We are working to embed sustainability more widely and deeply in our culture, business decisions, processes and governance.
INNOVATION
Safety
At Petroproject, safety comes first and is foundational to everything we do. We want to improve our safety performance and work towards the goal we set in 2024 to eliminate fatalities, life-changing injuries and tier one safety process events.
INNOVATION
Operating Management System [OMS]
Our OMS provides a single framework for delivering safe, reliable and compliant operations. It brings together bp requirements on health, safety, security, environment, social performance and operational reliability, as well as related areas such as maintenance, working with contractors and organizational learning, into a common management system.
INNOVATION
Ethics And Compliance
Our code of conduct sets the standards and expectations for how we do the right thing and empowers us to speak up without fear of retaliation. It is the foundation of 'Who we are' and puts safety first.
Together with our Safety Leadership Principles and OMS, it helps us make safe and ethical decisions, act responsibly, comply with applicable laws and deliver our sustainability frame.
Our code applies to all Petroproject employees, officers and board members. Our regular mandatory training and communications help employees understand how to apply for it and how to raise questions or concerns. All Petroproject employees are required to confirm annually that they have read and understand our code and act in accordance with its principles. We expect and encourage all our sub-contractors and their employees to act in ways that are consistent with our code.
INNOVATION
Speaking Up
Everyone who works for Petroproject has a responsibility to speak up if they become aware of something that is unsafe, unlawful or inconsistent with our code of conduct. We encourage people to speak up and we do not tolerate retaliation of any kind and consider it to be misconduct.
Concerns or enquiries can be raised through multiple speak-up channels. These include line managers, senior leaders, contacts in our people, culture & communications, ethics & compliance and legal teams, works councils, or our confidential global helpline, Open-Talk. This helpline is available 24/7, by phone or internet, to employees, the wider workforce, communities, business partners and other stakeholders who want to raise concern.
We take potential misconduct seriously and thoroughly review and respond to it, including conducting
INNOVATION
Anti-bribery And Corruption
We operate in parts of the world where bribery and corruption present a high risk, so it is important to inform our employees, sub-contractors, suppliers, and others that our commitment to ethical and compliant operations is unwavering.
Our code explicitly prohibits engaging in any form of bribery or corruption and includes an expectation that we work to ensure our business partners comply with our requirements.
Our group-wide anti-bribery and corruption, anti-money laundering and anti-tax evasion policies and procedures all include measures and guidance to assess and mitigate risks, understand relevant laws and report concerns. We provide appropriate training for employees in locations or roles assessed to be at a higher risk of bribery and corruption.
INNOVATION
Our People
Our employees around the world are crucial to delivering our purpose and strategy. We focus on providing the support and skills they need to thrive and help Petroproject succeed.
We aim to provide our people with the skills they need for their current roles and for the energy transition and we are working to build skills forecasts and implement capability plans across Petroproject, including those for our transition growth engines such as hydrogen, offshore wind, digital and our electric vehicle charging business, Petroproject pulse.
INNOVATION
Diversity, Equity And Inclusion [DE&I]
Our focus on [DE&I] can help us become the first-choice integrated energy company for the world's best and brightest talent – a Petroproject that reflects our customers and sources products and services from an increasingly diverse supplier base.
We are making progress on our global framework for action and all bp entities have now set [DE&I] action plans, based on the three pillars of our global framework: [transparency, accountability and talents].
INNOVATION
Incentivization And Performance Management
We are advocating for policies that support net zero, incentivizing our workforce, assessing our alignment with trade associations and helping corporates achieve their decarbonization goals. We are also taking steps to increase the transparency of our disclosures.
Our annual bonus for all eligible employees, including the Petroproject leadership team, has been linked to a sustainability measure since 2020 and the bonus scorecard against which our employees are measured incentivizes them through three themes: safety and sustainability, operational performance and financial performance. For 2024 our sustainability measure is now linked to the volume of industrial waste resulting from the implementation of Industrial works. This measure covers our Scope under aim 1 [net zero operations].
Our group leaders' incentive plan is also directly linked to progress on aim 1 [net zero operations], and for group leaders two social measures are included – on employee engagement and improved ethnic minority representation in our senior-level leader population and above.
INNOVATION
Policies And Practices
Our policies and practices set out expectations for how we manage environmental and social performance before, during and after our activities. They already include environmental and social requirements, which form the foundation for many of our sustainability aims
INNOVATION
Supplier Expectations
We want to work with suppliers who strive for sustainability in their supply chains. We try to develop and strengthen relationships with suppliers who are committed to and act in accordance with our code of conduct
INNOVATION
Governance
The board is responsible for setting the strategy and for monitoring Petroproject's management and operations as we work to deliver against our targets and aims.
The board-level safety & sustainability committee oversees effective implementation of the sustainability frame and management of health, safety, environmental, social and human rights risks.
Our executive-level group sustainability committee is chaired by our EVP, strategy, sustainability & ventures. The committee provides oversight, challenge and support in the implementation of our sustainability frame and oversight of the management sustainability risks and opportunities, including those related to climate change.
INNOVATION
Engaging With Our Stakeholders
Engaging constructively helps us deliver our strategy and sustainability aims. We engage with many different stakeholders, in various ways – from local meetings to global partnerships.
Our main stakeholder groups are employees, customers, investors and shareholders, government and regulators, partners and suppliers, and society.
Our employees play a critical role in maintaining safe, reliable and compliant operations. We are committed to engaging them in the opportunities and challenges we face, as well as on their own development.
We engage with governments, regulators and legislators on the development of policies that promote a secure, affordable and lower carbon energy system – enabling us to develop our strategy and embed sustainability across Petroproject.
Petroproject Sustainability Aims
Our net zero ambition and aims
Our ambition is to be a net zero company by 2054 or sooner and to help the world get to net zero. We have set out 10 aims to support this ambition
Net Zero Operation
is to be net zero across our entire operations on an absolute basis by 2054 or sooner.
This aim relates to our Scope [from running the assets within our operational control boundary] and [associated with producing the electricity, heating and cooling that is bought in to run those operations] GHG emissions. And complete control of industrial waste related to industrial projects.
Net Zero Production
Our aim 2
is to be net zero on an absolute basis across reduction of industrial waste related to industrial projects. by 2054 or sooner.
Our Scope aim is based on Petroproject's net share of project management and its rights to control design and engineering parameters. It is associated directly with industrial waste related to industrial projects. [Solids and Liquids]
We are now targeting a 10% reduction by 2025 and will aim for 25% by 2030 against our 2024 baseline
Net Zero Sales
Our aim 3
is to reduce to net zero the carbon intensity of the energy products we sell by 2054 or sooner.
This aim applies to the average carbon intensity of the energy products we sell. It is estimated on a lifecycle [full value chain] basis from the use, production, and distribution of sold energy products per unit of energy [MJ] delivered
Reducing Methane
Our aim 4
is to install methane measurements at all our projects major oil and gas processing sites and other industries by 2024, publish the data, and then drive a 50% reduction in methane intensity of our operations.
And we will work to influence our joint ventures to set their own methane intensity targets of 0.2%
More investment in transition
Our aim 5
is to increase the proportion of investment we make into our non-oil and gas businesses.
Over time, as investment goes up in low and zero carbon, we see it going down in oil and gas.
Advocating
Our aim 6
is to more actively advocate for policies that support net zero, including carbon pricing.
We have redirected resources to promote well-designed climate policies. In the future, corporate advertising will be to push for progressive climate policy, communicate our net zero ambition or support delivery of our strategy, invite ideas, or build collaborations.
We will continue to run recruitment campaigns and advertise our products, services and partnerships – although we aim for these to increasingly be low carbon.
Incentivizing Employees
Our aim 7
is to incentivize our global workforce to deliver on our aims and mobilize them to become advocates for net zero.
This will include continuing to allocate a percentage of remuneration linked to emissions reductions for leadership and all employees.
Aligning Association
Our aim 8
is to set new expectations for our relationships with trade associations around the globe.
We will make the case for our views on climate change within the associations we belong to, and we will be transparent where we differ. And where we can't reach alignment, we are prepared to leave.
Transparency Leader
Our aim 9
is to be recognized as an industry leader for the transparency of our reporting.
On 2020, we declared our support for the recommendations of the Task Force on Climate-related Financial Disclosures [TCFD].
We intend to work constructively with the TCFD and others – such as the International Sustainability Standards Board [ISSB] – to develop good practices and standards for transparency.
Clean cities and Corporate
Our aim 10
is to provide integrated clean energy and mobility solutions.
Our regions, corporates and solutions team is working to help countries, cities and corporations around the world decarbonize
People and Planet Aims
Our people and planet aims
Alongside our net zero ambition and aims, we have also set out five aims to help improve people's lives and five aims to care for our planet
More Clean Energy
Our aim 11
is to develop enough clean energy to benefit many people.
By 2030 we aim to have developed more renewable generating capacity – broadly enough to meet the power needs of the targeted people – including exploring ways to make clean energy accessible to those who need it most.
Just Transition
Our aim 12
is to support a just energy transition which advances human rights and education.
We support the international Agreement, which recognizes the importance of a just transition – one that delivers decent work, quality jobs and supports the livelihoods of local communities.
Sustainable Livelihood
Our aim 13
is helping more than one million people build sustainable livelihoods and resilience.
We will support the communities where we work to build greater resilience and more sustainable livelihoods through our social investment programs.
Greater Equity
Our aim 14
is to increase the degree of diversity, equity and inclusion for our workforce and customers, and to increase certified supplier diversity.
We want our workforce and customers to experience greater equity while helping our partners in the 'Petroproject ecosystem' do the same.
Enhance Wellbeing
Our aim 15
is to enhance the health and wellbeing of our employees, contractors and local communities.
We will support them to proactively improve their physical and mental health through innovative programs and partnerships.
Enhancing Biodiversity
Our aim 16
is to make a positive impact through our actions to restore, maintain and enhance biodiversity where we work.
From 2024 all new Petroproject projects will have plans aiming to achieve net positive impact (NPI).
Water Positive
Our aim 17
is to become water positive by 2035.
We aim to replenish more freshwater than we consume in our operations through efficient water use and collaboration in stressed catchment areas.
Championing Nature-Based Solutions
Our aim 18
is championing nature-based solutions and enabling certified natural climate solutions.
We will use nature-based solutions to deliver value and support the development of scalable markets for certified natural climate solutions.
Unlock Circularity
Our aim 19
is to unlock new sources of value through circularity
We'll keep materials in use longer by using resources responsibly and embracing circular principles in design, operations and decommissioning.
Sustainable Purchasing
Our aim 20
is to develop a more sustainable supply chain.
We'll work with our key suppliers to embed sustainable practices, focusing on reducing greenhouse gas emissions and increasing circularity.