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BP Sustainability Review 2009 BP Sustainability Review 2009 This Is BP Reports and Publications Sustainability Review beyond petroleum® 2009 02 Group chief executive’s review 05 How we operate 06 BP in fi gures bp.com/sustainability Operating at the energy frontiers How a revitalized BP is driving innovative, effi cient and responsible operations Meeting the energy demands Oil Natural gas Wind Solar Biofuels Effi ciency of today and tomorrow BP Sustainability Review 2009 BP Sustainability Review 2009 This is BP Reports and publications You can order BP’s printed publications, Our main brands Our values Our strategy free of charge, from: BP is progressive, responsible, innovative To meet growing world demand, BP is US and Canada and performance driven. committed to: Precision IR • E xploring, developing and producing Toll-free +1 888 301 2505 Progressive more fossil fuel resources. Fax +1 804 327 7549 We believe in the principle of mutual • M anufacturing, processing and delivering [email protected] advantage and build productive better and more advanced products. relationships with each other, • Enabling the transition to a our partners and our customers. UK and Rest of World lower-carbon future. BP Distribution Services Tel: +44 (0)870 241 3269 Responsible We aim to do this while operating safely, Fax: +44 (0)870 240 5753 We are committed to the safety and reliably and in compliance with the law. [email protected] development of our people and the In Exploration and Production our communities and societies in which strategy is to invest to grow production by we operate. We aim for no accidents, strengthening our portfolio of leadership no harm to people and no damage positions in the world’s most prolifi c Annual Review Annual Report and Accounts to the environment. hydrocarbon basins, enabled by the Read a summary of our fi nancial and Read details of our fi nancial and operating development and application of technology operating performance in BP Annual performance in BP Annual Report and Innovative and strong relationships based on mutual Review 2009 in print or online. Accounts 2009 in print or online. We push boundaries today and create advantage. We intend to sustainably drive www.bp.com/annualreview www.bp.com/annualreport tomorrow’s breakthroughs through our cost and capital effi ciency in accessing, people and technology. fi nding, developing and producing resources, enabled by deep technical capability and a Contact details Performance driven culture of continuous improvement. Your feedback is important to us. We deliver on our promises through In Refi ning and Marketing our You can email the Sustainability continuous improvement and safe, strategic focus is on enhancing portfolio Reporting team at reliable operations. quality, integrating activities across value [email protected] These values guide us in the conduct of our chains and performance effi ciency. We expect to continue building our business or send us your feedback online at business. In all our business we expect our www.bp.com/sustainabilityfeedback people to meet high ethical standards and to around advantaged assets in material and signifi cant energy markets while improving act in accordance with our code of conduct. You can also telephone the safety and reliability of our operations. +44 (0)20 7496 4000 In Alternative Energy we have focused our investments in the areas where or write to: we believe we can create the greatest Sustainability Report competitive advantage. We have substantial BP p.l.c. businesses in wind and solar power and are 1 St James’s Square, developing advanced biofuels and clean London SW1Y 4PD, energy technologies such as hydrogen UK. Financial and Operating Information Statistical Review of World Energy power and carbon capture and storage. BP Financial and Operating Information Published in June each year, BP Statistical Looking ahead 2005-2009 includes fi ve-year fi nancial Review of World Energy reports on key and operating data. global energy trends. Cautionary statement We intend to play a central role in meeting BP Sustainability Review 2009 and www.bp.com/sustainability contain certain forward-looking the world’s continued need for hydrocarbons. www.bp.com/fi nancialandreporting www.bp.com/statisticalreview statements concerning the businesses, operations and strategy of BP. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and We are creating long-term options for the depend on circumstances that will or may occur in the future. Actual results may differ from future in new energy technology and those expressed in such statements depending on a variety of factors including future levels low-carbon energy businesses. We are also of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in enhancing our capabilities in natural gas, laws and governmental regulations; regulatory action; exchange rate fl uctuations; development which is likely to be a vital source of relatively and use of new technology; changes in public expectations and other changes in business clean energy during the transition to a conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this document lower-carbon economy and beyond. External reporting frameworks Acknowledgements Paper and at www.bp.com/riskmanagement. Material is used within this document to describe issues Design sasdesign.co.uk This Sustainability Review is printed on FSC-certifi ed for voluntary sustainability reporting that are considered to have the potential to signifi cantly Typesetting Orb Solutions, London An introduction to Ernst & Young’s assurance process Revive Pure White Uncoated. This paper has been affect sustainability performance in the view of the company and/or are expected to be Printing Beacon Press using its ® We have reviewed the contents of BP Sustainability Review 2009 to provide assurance independently certifi ed according to the rules of important in the eyes of internal or external stakeholders. Material for the purposes of this environmental print technology. The electricity on the information reported. This work included testing relevant management information, the Forest Stewardship Council (FSC) and was document should not, therefore, be read as equating to any use of the word in other BP p.l.c. was generated from renewable sources and interviewing BP management and reviewing external media sources. Our conclusions, manufactured at a mill that holds ISO 14001 reporting or fi lings. approximately 90% of the waste associated which can be found on page 34, have been prepared against the main principles of the accreditation. The inks used are all vegetable oil based. BP Annual Report and Accounts 2009, BP Annual Report on Form 20-F 2009 and with this product will be recycled. AA1000 Assurance Standard (2008). Several of our specifi c observations have also been BP Annual Review 2009 may be downloaded from www.bp.com/annualreport. No material Photography Stuart Conway, Richard Davies, included on relevant pages of this Sustainability Review. in this Sustainability Review forms any part of those documents. No part of this Review Simon Kreitem, Ian McGregor, Marc Morrison, or www.bp.com/sustainability constitutes, or shall be taken to constitute, an invitation or Specifi c observation from Ernst & Young Chris Moyse, David Shepherd and Aaron Tait. inducement to invest in BP p.l.c. or any other entity and must not be relied upon in any way BP has highlighted ‘energy challenges’ but could also describe the issues that stakeholders in connection with any investment decisions. consider to be emerging sustainability trends. This could include, for example, water Cert no. SGS-COC-0620 BP p.l.c. is the parent company of the BP group of companies. Unless otherwise management and reputational risks associated with supplier working practices, and how stated, the text does not distinguish between the activities and operations of the parent this may impact on the business. company and those of its subsidiaries. © BP p.l.c. 2010 37 BP Sustainability Review 2009 What’s inside? Canadian oil sands At BP we defi ne sustainability Leveraging our technical expertise to deliver a as the capacity to endure as major energy resource responsibly. a group: by renewing assets; See page creating and delivering better 12 products and services that meet the evolving needs of society; attracting successive generations BP and climate change Aiming to be part of the solution – through of employees; contributing to a effi cient operations and products, low-carbon sustainable environment; and energy and advocacy. retaining the trust and support of See page our customers, shareholders and the 14 communities in which we operate. Tangguh and Full sustainability reporting sustainability bp.com/sustainability Delivering value to BP and the local community with the start-up of our Our website plays an integral part of our sustainability liquefi ed natural gas reporting, covering a wider set of issues and reporting project in Indonesia. on them in more depth. The website includes detailed information about our environmental and safety See page performance, as well as case studies that demonstrate 32 our sustainability efforts in action. 02 Group chief executive’s review 04 BP in 2009 05 How we operate 06 BP in fi gures 08 Diverse and affordable energy 16 Low-carbon energy 20 Safe and responsible energy 26 People energy 30 Local energy 34 Independent assurance statement 35 Our approach to reporting 36 Our online resources 37 Reports and publications Cover images Top left Truck with seismic exploration technology, Oman. Top right Harvesting at Tropical BioEnergia, Brazil. Bottom left Community project at Tangguh, Indonesia. Bottom right Safety checking at Bulwer refi nery, Australia. 1 BP Sustainability Review 2009 Group chief executive’s review What role will an oil and gas of the world’s great oilfi elds.
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