BP PLC.
BP.LSE | Extraction of crude petroleum
BP PLC is a global energy company involved in the exploration, production, refining, distribution, and marketing of oil, gas, and petrochemicals. The company operates through various segments, including upstream (exploration and production of crude oil and natural gas), downstream (refining, marketi...Show More
Better Health for All
-80
BP's core business, centered on fossil fuels, produces emissions and spills that cause severe, widespread health damage, including cancer and respiratory issues, with no redeeming health benefits, leading to a score of -100 for health impact.
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The company's core business remains centered on fossil fuels, with 2.4 million barrels of oil equivalent produced daily,
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while low carbon activity investment is $3.0 billion
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out of $197 billion total economic value generated,
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indicating that 90-100% of revenue is from products with established serious health harms, resulting in a -100 for harmful revenue share. In 2024, BP reported 1 fatality,
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4 life-changing injuries,
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3 Tier 1 and 35 Tier 2 process safety events,
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and 96 oil spills.
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Historically, 15 workers were killed
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and 170 injured in a Texas refinery explosion,
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and the company faced an $87 million OSHA fine in 2009 for negligent operations,
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indicating multiple serious safety incidents and a reactive safety approach, scoring -90 for safety record. Operations have caused major health-harming externalities, such as chronic respiratory issues and cancer in communities affected by oil spills,
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and benzene pollution,
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with inadequate remediation efforts, leading to a -90 for health externalities. During the Deepwater Horizon cleanup, BP's public statements downplayed risks while internal documents focused on minimizing liability,
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and the company did not conduct adequate biomonitoring despite federal recommendations,
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indicating misleading marketing and significant undisclosed risks, scoring -90 for risk transparency. The oil and gas industry, including BP, reports that one in five workers experience depression, anxiety, or substance abuse,
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and the industry has a high suicide rate,
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with limited practical support or resources allocated, resulting in a -80 for mental health initiatives.
Fair Money & Economic Opportunity
0
No evidence available to assess BP PLC on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
-20
For the BP p.l.c. entity in the UK, women's median hourly pay was 86p for every £1 earned by men as of April 5, 2023, indicating a median pay ratio of 0.86.
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Women's median bonus pay was 30.3% lower than men's, meaning they earned 70p for every £1.
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The combined weighted mean gender pay gap for six UK entities was 8.97% as of April 5, 2024, down from 9.55% in 2023.
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The combined weighted mean ethnicity pay gap for six UK entities was 5.23% as of April 5, 2024, down from 4.41% in 2023.
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BP Oil UK Limited achieved a 0% ethnicity pay gap in 2024.
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BP was recognized in the 2023 FTSE Women Leaders Review top 10 companies for board and leadership gender diversity.
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Fair Trade & Ethical Sourcing
0
No specific, quantifiable data was provided for any of the KPIs related to Fair Trade & Ethical Sourcing.
1
While some articles mention general efforts or future goals, they lack the concrete percentages, frequencies, or incident numbers required by the rubric for scoring.
Honest & Fair Business
-60
BP has a confidential global helpline, OpenTalk, for employees and other stakeholders, but there is no evidence of independent investigation processes for reports.
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A past case (BP plc v Elstone) involved a claimant successfully seeking whistleblower protection, with their dismissal deemed automatically unfair, indicating a failure in protection despite the policy's existence.
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The company has had one financial restatement in 2024 for global oil and natural gas production figures, reflecting revisions from IEA reports.
3
BP publishes an anti-corruption policy through its 'Our beliefs and code of conduct' and 'Our code' sections, but the EITI Secretariat noted it only partially sets out how corruption risk is managed through beneficial ownership data.
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The extent of independent verification of ethical claims is limited, with only specific property reserves in the US Lower 48 estimated by an independent petroleum engineering consulting firm, which is less than 10% of ethical claims.
5
Kind to Animals
-70
BP's operations have caused extensive habitat destruction and wildlife mortality. The 2010 Deepwater Horizon oil spill resulted in the deaths of an estimated 600,000 to 800,000 coastal birds, 200,000 offshore birds, and 167,000 sea turtles.
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Over 1,100 cetaceans were stranded, with 95% dead.
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The spill oiled 463.8 miles of marsh, affected 770 to 1,200 square miles of the Gulf floor, and deposited 10 million gallons of oil onto the seafloor.
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In 2024, BP reported 96 oil spills.
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While BP reported 5 biodiversity restoration projects in 2024, including planting over 1,000 coral seeding units and restoring over 5,000 hectares of native woodland, these efforts are not quantified as a percentage of revenue, nor do they offset the documented scale of destruction.
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BP participates in various biodiversity working groups and forums, such as the IOGP/Ipieca Biodiversity & Ecosystem Services Working Group and the TNFD Forum, and attended UN Biodiversity COP16 in 2024.
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However, the company has no public position on animal welfare legislation.
No War, No Weapons
0
No evidence available to assess BP PLC on No War, No Weapons.
Planet-Friendly Business
-50
BP's aggregate lifecycle emissions for 2024 were 644 million tCO2e, significantly exceeding the 10 million tCO2e threshold.
1
The company states its net-zero ambition and aims are consistent with the Paris Agreement goals, but there is no explicit mention of SBTi validation for its targets.
2
BP's recycling and recovery rate for waste was 47% in 2024.
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The company aims to be net zero for Scope 1 and 2 emissions by 2050 or sooner, with interim targets for 2025 and 2030.
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BP considers its climate-related financial disclosures to be consistent with all TCFD Recommendations and has conducted analysis to test the resilience of its strategy to different climate-related scenarios, including 1.5°C, 2°C, and 3°C+ pathways.
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In 2024, 11% of total freshwater withdrawals and 20% of freshwater consumption at major operating sites were from regions with high or extremely high water stress.
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BP has established just transition programs, including supporting scholarship programs for clean energy technicians and developing EV safety training courses.
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Seven projects were developing net positive impact plans for biodiversity by the end of 2024.
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BP committed not to operate new oil and gas exploration or production activities inside UNESCO World Heritage Sites or IUCN Category Ia/Ib areas as listed on January 1, 2020.
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Respect for Cultures & Communities
-20
BP has 9 formal partnership agreements with community groups, including The King's Trust, The Felix Project, and Future Woodlands Scotland.
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The company spent approximately $200 million with over 100 minority, woman, and veteran-owned companies in the US in 2021, and aims to increase supplier diversity spend to $1 billion by 2025.
2
BP's human rights policy states that it applies the principles of free, prior, and informed consent (FPIC) when consulting with indigenous peoples on new projects whenever practicable.
3
The company provides operational-level grievance mechanisms for local communities and the workforce, including the OpenTalk helpline and community liaison officers.
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In 2021, there was an 8% decrease in the total number of community complaints.
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The Fuel Bank Foundation, a partner, provides support to many households within 24 hours.
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BP's Code of Conduct is published in 23 languages, and its Open Talk system can accommodate calls in over 75 languages.
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In 2021, 23 out of 40 known minefields in Angola were cleared by around 130 specially trained local people, and an agribusiness project helped around 4,000 farmers and 10,000 locals acquire job skills.
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The company's social investment aims to support delivery of aims through 70% of social investment by 2025.
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BP's 2020 Human Rights Policy mentions embedding human rights into environmental and social impact assessments.
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Safe & Smart Tech
0
The provided articles do not contain specific, quantifiable evidence for any of the Key Performance Indicators under the 'Safe & Smart Tech' ethical value. While mentions 'No recent security news' regarding data breaches, this is an absence of information from a third-party report, not a concrete data point from the company about its breach record over a defined period.
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General mentions of cybersecurity policies and incident response exercises are present in
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, but there are no specific numbers, dates, or outcomes to score against KPIs such as cybersecurity investment, privacy certifications, security training effectiveness, encryption implementation, AI ethics governance, or any other relevant metric.
Zero Waste & Sustainable Products
0
No evidence available to assess BP PLC on Zero Waste & Sustainable Products.